Nancy and our energy crisis

First of all, let me say that while I respect the right of people to protest… I’m not a big fan of the concept. To me it’s just kind of an annoying spectacle, but that’s beside the point.

Nancy Pelosi decided to take the conversation down a notch. Low class. But since she wants to give people a hard time about energy policy and she seems to be the main road block in the way of actually getting a vote on drilling, let’s take a look at her thoughts on energy.

It’s important to know that she opposes fossil fuels. She believes that we need to use natural gas. This is a brilliant idea. Do you think somebody should mention to her that natural gas IS a fossil fuel? Yes, someone who clearly doesn’t know WHAT she is talking about it stopping us from drilling by preventing a vote on a bill that would open up the outer continental shelf, ANWR, and shale oil reserves. Classic.

Also the whole concept of two cents in 10 years is absolutely ridiculous and an out right lie. The fact is that it will make a huge difference RIGHT NOW.

Two things are going to bring down the price at the pump: a strong dollar, which the administration has finally shown some interest in, and increasing supply. Even saying that you plan on drilling will bring the price down well more than 2 cents. The price is partly based on speculation and how much supply traders believe will be available in the future.

Now this talk about the US only having 1-2% of the oil reserves in the world is also an out right lie. We haven’t been allowed to explore the outer continental shelf to really figure out how much is there. The latest estimates were revised upwards fairly dramatically. Add in the amount of oil that can be achieved through shale exploration and the US could be the most oil rich nation in the world.
















So on that note, I echo the protestors. Drill here, drill now! Maybe not in Denver, but definitely in the oil shale regions of Colorado.