Re: Good speech from a congressman
The guy is an idiot.
He said we had a "lack of will to produce" oil, because it was "easier" to buy it overseas.
What he should have said was it was CHEAPER to buy it overseas.
I don't see how calling for domestic drilling is going to bring down prices, when 1) there is no supply disruption (current spike is oil prices is speculation only), and 2) domestic oil is MORE EXPENSIVE than foreign oil. I would love to see him explain it too, since he seems to pretend it doesn't exist.
He claims we have more coal than all around the world, and that "we're not developing it". Ummmm, what? The U.S. is a net exporter of coal, meaning we are not foreign dependent on coal whatsoever. Does he even know what he's talking about?
I also had to laugh about the bill being veto'ed by Clinton. He said if it passed, it would be pumping 1 million barrels of oil today. Ummm, ok. Let's see..... there's no current shortage in oil. The U.S. uses 20 million barrels of oil per day. If 70% is imported, then that means 14 million barrels per day are imported oil. He wants to knock it down by 1 million barrels per day, meaning that 13 million barrels of oil will still be imported each day. Congrats, now we're down to 65% of all oil imported. That's going to do jack squat to oil prices.
Anyone want to bet that he has a hidden agenda, or would line his own pockets from this legislation? Seems pretty clear he's making a big speech out of absolutely nothing, trying to garner fear-mongering, yet if you actually break down his speech anyone can see it would accomplish absolutely nothing. So why is he doing this? I'm thinking alternative motive, and it probably has dollar signs attached.
2002 F-250 PSD
Gambling with 250/200's on PMR's.
478hp/851tq on Haller's dyno - 7/28/12
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