- #1
sketchtrack
My opinion is that it won't change much. I feel that the Bush administration and the oil companies are just pulling a fast one on us because Bush wants to lift these bans before he leaves office. The public are eating it all up.
There are two main arguments that they use to advocate lifting the bans.
1) Buying oil from foreign countries supports terrorism. This is kind of bogus. First of all, if we don't buy the oil, someone else will, and who might that be? China, Russia etc. By not buying foreign oil, we are giving more to our adversaries.
2) Drilling at home will lower the price. That is entirely dependent on the notion that oil companies will give us the oil cheaper out of pity. The reason this is, is because world wide production won't increase enough to make much of a difference in supply world wide.
There are two main arguments that they use to advocate lifting the bans.
1) Buying oil from foreign countries supports terrorism. This is kind of bogus. First of all, if we don't buy the oil, someone else will, and who might that be? China, Russia etc. By not buying foreign oil, we are giving more to our adversaries.
2) Drilling at home will lower the price. That is entirely dependent on the notion that oil companies will give us the oil cheaper out of pity. The reason this is, is because world wide production won't increase enough to make much of a difference in supply world wide.