Q: Say that the congress gives the "go ahead"- to drilling in these currently off limit sites, how long will it take to actually get that oil into the production.
A: the best estimates say it will take at least 5 years. However, many experts claim that they will take closer to 8 to 10 years.
So How well does this plan rate on the logic scale. Using past performance to predict future behaviors. That being the case, it scores somewhere around fantasy land where everybody wins the lottery.
The Major Oil Companies combined made $70 billion. That is enough to send every man, woman, and child in the US about $250. Now that would fill up your tank of gas now wouldn't it. They often prop up incidents that are going to raise the price in crude oil such as war in the Middle East, weather events in crucial regions, increase in driving habits, or a goat pissing on the electric fence outside the refinery. You never hear them boast about improvements in extraction technology, transport, or supply capabilities. They never say, "Good news we can drastically lower the price of gas. Are you telling me with the kind of money this brings they have never done that? There is not a single economic theory, principle, or crazy guess in the dark that guarantees a reduction in gasoline prices at the pump or to the airlines. The only thing that will drive down prices is a reduction in the need for the product. As a matter of fact, here is a crazy idea. Increase taxes on gasoline right now. Do it while there is still room. Find the breaking point of the American people. Only then will the forces of ingenuity that drives the American free markets will kick in. In the mean time at least it will be our government that is putting the screws to us instead of the Middle Eastern demigods. They can use the tax revenues to apply towards research into alternate energy ideas. I know it is extreme, but not as extreme as letting the people who imprisoned us in the first place make the policies to get us out.
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