40% of US Oil and Natural Gas Off Limits
Due to the incompetents in Congress:
BILLINGS, Mont. — A new report from the Bush administration says most of the oil and more than 40 percent of the natural gas beneath public lands in the U.S. are off limits to drilling.
Opening those reserves — by rolling back environmental safeguards and employing new drilling technologies — would give energy companies access to an estimated 19 billion barrels of oil and 231 trillion cubic feet of natural gas, administration officials said Wednesday.
The Bureau of Land Management report is likely to add to growing political pressure to curb fuel imports and dampen prices by ramping up domestic energy production. But it comes amid a development backlash in some parts of the country, where drilling rigs are blamed for interrupting wildlife migrations, fouling water supplies and marring natural vistas.
40% of our resources are off limits and the Democrats in Congress are having a show trial for oil company executives. The Democrat that runs the House Natural Resources Committee, Nick Rahall, says “We simply cannot drill our way to lower prices at the pump.” What in the world is he smoking. In the real world you get lower prices by producing more. If you don’t produce enough to meet demand the price goes up.
I’m beginning to think that these guys are really that stupid. It might not just be politics.
Gas prices have skyrocketed. If nothing else more US production means more money staying in the US rather than being shipped overseas.
