John Hoffmeister ,former head of Shell oil, tells us how important keeping the flow of oil through there is:
We are highly vulnerable . We use ,as a world ,85 million barrels of oil per day. The United States uses 20 million barrels of oil a day. That's 10,000 gallons per second.
And we are shutting down drilling in our own Gulf Of Mexico,this is absurd.
It is absurd ,that a nation with so much land, and so many energy capabilities ,is leaving our future ,in the hands of foreign Governments. All for the lack of the political will to "Drill ,Baby Drill" in our own country.
The extreme environmentalists have driven the oil drillers a mile out to sea ,and 5000 feet down , where there is little control over anything. That's absurd.
If the SUEZ canal is choked off ,the price of oil and gas would become enormous. It might be just days before we could see oil go up 50%.
150 to 200 dollars per barrel of oil.
What happens to the food prices ,when oil prices go up?
What happens to the price of wheat,a box cereal,corn, the pants we wear,the shoes on our feet?
They all go up,up,up. That's one lesson we learned , when we had the spike in oil prices a few years ago, and back in the 70's..
There is a potentially,highly inflationary effect.
WHY IS IS THAT WE ARE NOT DEVELOPING OUR OWN OIL AND NATURAL GAS RESOURCES?
THE ENVIRONMENTAL PROTECTION AGENCY,AND THE DEPARTMENT OF THE INTERIOR ,ARE PREVENTING the exploration,and the excavation of our own resources.
This country does not have an energy crisis. It has a government that lacks the political will to do the right thing for it's citizens,and for the future of this country.
Any economic recovery that we might have will be completly melted down by the high price of oil. Consumer power ,when oil is priced so high ,is gone,under the weight of high energy costs .
And the whole economy flounders.
No attempts are being made to tap our own energy,in fact ,this administration is taking steps to prevent us from becoming independant. While subsidizing windpower ,and solar panels. Which are,at this time ,inefecient ,and very costly. Oil will not go away,not in our lifetimes.
DRILL ,BABY, DRILL......from you tube
WAKE UP AMERICA, PLEASE.