EDITORIAL FROM WALL STREET JOURNAL

HEAD: Democrats Against Drilling

Nancy Pelosi, Harry Reid and other liberal leaders on Capitol Hill are
gripped by cold-sweat terror. If they permit a vote on offshore drilling,
they know they will lose when Blue Dogs and oil-patch Democrats defect to
the GOP position of increasing domestic energy production. So the last
failsafe is to shut down Congress.

Majority Leader Reid has decided that deliberation is too taxing for "the
world's greatest deliberative body." This week he cut off serious energy
amendments to his antispeculation bill. Then Senate Appropriations baron
Robert Byrd abruptly canceled a bill markup planned for today where
Republicans intended to press the issue. Mr. Byrd's counterpart in the
House, David Obey, is enforcing a similar lockdown. Speaker Pelosi says she
won't allow even a debate before Congress's August recess begins in eight
days.

She and Mr. Reid are cornered by substance. The upward pressure on oil
prices is caused by rising world-wide consumption and limited growth in
supplies. Yet at least 65%% of America's undiscovered, recoverable oil, and
40%% of its natural gas, is hostage to the Congressional drilling moratorium.

Dennis wrote:

"Claude Hopper" roadrunner.com> wrote in message
news:Y--dndqlbaNWGRfVnZ2dnUVZ_rmdnZ2d@giganews.com...

Dennis wrote:

The devil is in the details. It was cheaper and easier to control
pollution expanding the refineries we already have. There's a string of
them on refinery alley from New Orleans to Baton Rouge, where its easy
to bring in a tanker.

It was also cheaper to buy off the local niggers as the cancer rate
rose. Nobody wants to build a refinery that risks lawsuits from rich
white people. The Democrats had nothing to do with this.

"Day Brown" daybrown.org> wrote in message
news:488ba635$0$25411$ec3e2dad@unlimited.usenetmonster.com...

Dennis wrote:

Its too late for that. Let me try to be more clear. The Asian economies
have all expanded rapidly during the Bush years, partly because of his
tax cuts which left more money for investment.

Which, however, was invested in Asia, not America. The demand for oil
there has shot up so fast that whatever oil we can drill now wont be a
significant portion of the global demand. So, it wont lower the price.

I dont think it wouldda mattered whether the Dems or GOP has been
running things with the Asian economies expanding so fast. Partly it is
just China regaining the importance it has had over the course of the
last few thousand years.

The Commies did us a favor holding back the Chinese economy so long, but
with that lid off, their traditional entrepreneurialism is taking off,
and they will more than consume all the extra oil any remaining US oil
fields mite have. The price will keep going up anyway, or- growth in the
global economy will have to stop. Which freaks some investors out.

"Day Brown" daybrown.org> wrote in message
news:488c89ee$0$25414$ec3e2dad@unlimited.usenetmonster.com...

Dennis wrote:

There's expansion going on in my neck of Ozark woods right now; the
Fayetteville shale gas field, already provides 1%% of the national demand
for natural gas. But here again, even with a well on every 20 acres,
it'll take 100 years to get it all out.

The big easy and cheap to drill wells have all been sucked out.

There is the natural response of capitalism, that as the price rises the
consumption goes down. And if they can manage that without financial
panic ramping down energy consumption we'll get the time and motivation
to develop more energy supplies.

and get the investment in innovation which American culture has so often
profited from. Its the risk of that can do American entrepreneurial
success that is limiting some of the oil speculation. The more we push
that envelope, the more worried we can make the bastards.