Potent Quotables (updated periodically)

  • "If you like sausages and laws, you should never watch either one of them being made." -- Otto von Bismarck
  • "God who gave us life, gave us liberty. Can the liberties of a nation be secure when we have removed a conviction that these liberties are the gift of God? Indeed I tremble for my country when I reflect that God is just, that his justice cannot sleep forever." -- Thomas Jefferson
  • "The best way to prove a stick is crooked is to lay a straight one beside it" -- FW Boreham
  • "There are two kinds of people in the world. Those who walk into a room and say, 'There you are' and those who say, 'Here I am'" -- Abigail Van Buren
  • "It was not political rhetoric, mass rallies or poses of moral indignation that gave the people a better life. It was capitalism." -- Thomas Sowell

Friday, December 12, 2008

Drill Baby Drill

Investor's Business Daily has pencil to paper and come up with a shocking shocker:
It seems funny to talk about a $1 trillion taxpayer- and debt-funded "stimulus" plan when there's something we could do right away to boost the economy, create hundreds of thousands of jobs, shrink our trade gap and secure our energy independence: Drill for oil here, and drill for it now.

Let's see...we've got
86B barrels of oil in the OCS.
36B barrels of oil in ANWR.
30B barrels of untapped oil in the lower 48.
That's 152B. At current market prices, that's around $6.84 Trillion dollars. That's 20+ years of American oil at our current usage rate.

Oh yeah, I forgot about the oil in shale deposits. That just another 1-2 Trillion barrels of oil.

Drill Baby Drill, Pros: self-sustainability. Cease American funding of oil dictators. Reduce the unemployment rate. Reduce the national deficit.

Drill Baby Drill, Cons: Environmental damage? (Not that much, with new drilling technology)

So tell me again why anyone is seriously against this idea?
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