Oil excsecs ask Congress to allow more U.S. drilling Options

[impala454]

http://www.chron.com/disp/story.mpl/headli...iz/5794229.html

WASHINGTON — Oil executives today challenged lawmakers to open more areas to drilling and send a signal to the world about the United States' resolve to deal with its own energy problems.

"If the nation set a goal of increasing domestic production by 2 (million) to 3 million barrels a day by opening up new sources of exploration and production, we could demonstrate to the world that we are in control of our own destiny," Shell Oil Co. President John Hofmeister told a Senate panel today.

Just last week, President Bush was unsuccessful in persuading Saudi Arabia to crank up its oil output significantly.

Chevron Vice Chairman Peter Robertson argued that the United States can't expect other countries to increase their production "when we limit our development without good reason."

pretty interesting note here:

With the U.S. economy slowing, motorists reacting to higher gas prices and use of ethanol on the rise, the nation's reliance on foreign oil will fall this year for the first time since 1977.

Hofmeister, pointing to government data, noted that imports made up 57.9 percent of U.S. oil consumption during the first quarter, down from 58.2 percent in the same period a year ago.

Now I guess we'll sit back and see if our congress can do what's necessary.

[Testm0nkey]

muhahaha i laugh at all of you who are beign affected by high gas prices


say no to more drilling!

[Oasis]

muhahaha i laugh at all of you who are beign affected by high gas prices
say no to more drilling!

Liberal Reality Check, Part Two:
I know you think gas prices don't affect you because you're cool and hip and environmentally conscious because you drive a fuel efficient car that looks like a dildo on four wheels. Congratulations

But while you drive a hybrid, the millions of 18-wheelers, delivery trucks, cargo planes, and every other form of commerce transportation in this country that keep the stores you shop at stocked....are not hybrids. Therein lies the problem of the trickle down effect of high gas prices. Costs producers more to produce, which in turn it costs distributors more to distribute, which in turn costs retail stores more to stock their shelves, which in turn costs you more to buy...everything. Notice the gradual rising costs of every conceivable good and service you use? That can pretty much be directly linked back to the original problem - rising gas prices. This country and it's commerce relies on gasoline.

If you think your gas woes are solved by driving an ugly Honda Prius you're even more whacked out in the head than I thought.