An article I read today seems to confirm what my last post stated. Off shore drilling currently accounts for 25% of domestic oil production. Oil companies hold leases to vast reserves of oil in both off shore areas and land based areas. They have chosen NOT to drill in these areas so that they can hold on to that oil speculating that the price will continue to rise and they will reap better profits in the future. Meanwhile, they pump where they're at at maximum capacity and make record profits selling every drop of oil they can get. So why are politicians tying o "open up" off shore drilling? So that oil companies can obtain more leases in areas they have been restricted from getting leases. Understand, they won't be drilling there anytime soon, they just want the option to do so, so that when oil hits $200/brl they might want to increase production.
Another question we might be wanting to ask the oil companies is why they have fewer refineries now than they did ten years ago? You see, ten years ago they had something like 250 refineries producing gasoline in the USA. Today there are around 150. Huh? Like, WTF?
They claim they can't build new refineries because the enviros have made to too costly for them to do so. Bullshit. They're building refineries to the same specs in other places. They simply want enviro regs slashed so that they can build cheap, operate cheap and fuck the environment. Don't fall for their bullshit. Think about what the Earth would be like todayh if the environmental regulations of the 60s and 70s hadn't been enacted. What would your city, state or town look like?
The only solution to our energy problems is alternative methods of fueling our world. Solar, wind, wave and other sustainable non-polluting methods of energy production is the only real alternative. Anything else is just a band-aide fix.
And again, if oil comapnies don't want to invest their profits in alternative fuels research, we nee to take their profits from them and invest in those types of research.