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<blockquote data-quote="Jones" data-source="post: 378582" data-attributes="member: 4805"><p>Offshore drilling won't solve the "oil crisis". In all likelihood it won't make any difference whatsoever in the price we pay at the pump because the price per barrel is set on the world market, where demand is rising faster than any miniscule amount of oil we get from offshore drilling will even begin to offset. Not to mention that even if the oil companies get the go ahead to drill, it will be up to 10 years or so before we see a drop from any new wells. There's estimated to be approximately 4.5 billion barrels of oil in the offshore areas where we currently have a moratorium. At our current rate of consumption that works to about 7 or 8 months worth of oil, then we're back to square one. And remember that assuming they lift the moratorium tomorrow, the absolute soonest we would see a drop of that oil would be 7 years from now.</p><p>Drilling in ANWR doesn't make it any better, here's a report from EIA that released in May of this year:</p><p><a href="http://www.eia.doe.gov/oiaf/servicerpt/anwr/introduction.html" target="_blank"><span style="color: Blue"><u>click</u></span></a></p><p></p><p>The real answer, both short and long term, is to get off oil period. Congress and the administration should be using the current situation as an opportunity to explore real solutions instead of grandstanding and pointing fingers.</p></blockquote><p></p>
[QUOTE="Jones, post: 378582, member: 4805"] Offshore drilling won't solve the "oil crisis". In all likelihood it won't make any difference whatsoever in the price we pay at the pump because the price per barrel is set on the world market, where demand is rising faster than any miniscule amount of oil we get from offshore drilling will even begin to offset. Not to mention that even if the oil companies get the go ahead to drill, it will be up to 10 years or so before we see a drop from any new wells. There's estimated to be approximately 4.5 billion barrels of oil in the offshore areas where we currently have a moratorium. At our current rate of consumption that works to about 7 or 8 months worth of oil, then we're back to square one. And remember that assuming they lift the moratorium tomorrow, the absolute soonest we would see a drop of that oil would be 7 years from now. Drilling in ANWR doesn't make it any better, here's a report from EIA that released in May of this year: [URL="http://www.eia.doe.gov/oiaf/servicerpt/anwr/introduction.html"][COLOR=Blue][U]click[/U][/COLOR][/URL] The real answer, both short and long term, is to get off oil period. Congress and the administration should be using the current situation as an opportunity to explore real solutions instead of grandstanding and pointing fingers. [/QUOTE]
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