Have You Thanked the Dems for Blocking ANWR Drilling & High Oil Prices?

The Dem Congress approved the Alaskan Pipeline n the 1970s.





Didn't the Sierra Club say that would kill off the caribou?





So why did Dems approve the pipeline and block ANWR drilling?Have You Thanked the Dems for Blocking ANWR Drilling %26amp; High Oil Prices?
I just stock up and prepare for the worst. Be ready to take care of yourself.Have You Thanked the Dems for Blocking ANWR Drilling %26amp; High Oil Prices?
First, there was a solid Republican majority that controlled all neccessary comittees from January 2002- January 2007 with a Republican President holding veto power (who never vetoed anything in that period). If you are so sure this is the ';magic bullet'; (more on that later, because it isn';t), then why didn't they do it then?





Even major Bush backers like T. Boone Pickens (a Texas oil man, alternative energy venture capitalist) give this President and the Republican Congress low marks on moving to raise CAFE standards (which just happened in December thanks to a slim Democratic majority and some thinking Republicans in Congress) and for doing inane things like actually giving people a tax break for buying SUVs.





Finally, the most optimistic estimates for ANWR costal plain oil (including drilling offshore ANWR and including private and tribal lands adjoining ANWR in the costal plain) have a mean of about 5.6 billion barrels, and estimate that 1.2 million barrles could be produced in about 10 years with very little in the first 5 or so years, and once production peaks at about 100,000 barrels a day, it will slowly begin declining over the next 10 or so years, so the only way that as much oil as Bush was diverting to the SPR would be produced now would be if this had been done in 2002.





And that brings me to the SPR. Congress took the reigns back on SPR strategy (traditionally left to Presidents) citing revenue that is lost, and thus they had authority to do so. And Congress stopped the filling of the SPR at 70,000 barrels a day, and what has happened? Speculators have pushed the price up 15 more bucks a barrel since that happened.





Which brings me to the final nail in the coffin of this kind of ignorance: Even with demand leveling out worldwide and falling in this country, oil prices have gone up over 108% in the last 11 months. Part of the reason is often attributed to the falling dollar (the dollar has declined by over 40% now since 2002), and part of it was investors initital reaction to a falling dollar (to balance more of their portfolios into things like commodity indexes).





In fact, the amount of money investors had in such funds was less than 20 billion dollars in 2002, and it's nearly 400 billion in 2008 as I type. Investment flows into commidity funds funding commodity swaps and such is driving prices at this point, and the more the prices go up, the more investors flock to the returns of these funds.
Notice that the Republican solution to everything is to blame Democrats for something. They would never, ever look more closely at the oil companies and their profits because they must be protected at all costs. They would never look at alternative energy seriously because it might hurt the oil companies.





Is drilling in ANWR going to lower prices in the near future -- No! Is drilling in ANWR going to solve our long-term oil needs--No!
Anyone trying to place this entire crisis this country is facing on one party is an idiot.





The smartest thing posted here are the words of John K, it's time to stock up,lock %26amp; load and take care of you and yours. Political whining about what party failed to do what is not going to help you now.
Before we do that first tell us what the republican congress did in the 12 years they ran things, 6 of those years with a republican president. The Dem's have to take their share of the blame but not all of it. Not by a long shot.
Yes, and I say a personal thank you to Speaker Pelosi. She said that a Democrat Congress would LOWER gas prices..LMAO. I would hate to see the Democrats raise the price of gas. Thank god they lowered them or it might be $11 a gal.....
It is a little more complicated than this. Here is an article on the topic from Wikipedia...
Bill Clinton vetoed the drilling in 1996.





Republicans passed it.





Bill is the husband of Hillary Clinton.
The two have nothing to do with each other. Blocking ANWR drilling was, and is, the right thing to do.
Yes I will be thanking them at the ballot box by voting for John McCain. The only drilling Dems approve of is what they do to each other in those Gay marriages.
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Yes. Everyday as I drive by the gas stations I am reminded of our traitor democrats. A few votes to appease the greenies.. Carbon credits and nobel prize to a fat man.
Exxon Valdez