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Monday, August 4, 2008

When September Comes.....

I write this letter to simply bring attention to an event that will take place in early September when the Congress returns from vacation and you will hear from the majority of media outlets that the Republican party is going to shut down the government, and that it is a political trick to win favor with their base of conservative right wingers. Let me assure you that nothing will be further from the truth.
For some time now there has been a debate in our country. How can we lower gas prices? Strategic Petroleum Reserve? Drill in ANWR? Drill offshore? Invest in alternative energy sources? Renewable energy sources? The answer? All of the above. Right now the entire United States transportation industry is run on oil. Along with basically everything we touch. It didn’t get that way overnight and it will not change overnight. Right now in our country the average price of gas according to AAA is $3.88/gallon. Our country uses 20 million barrels of oil per day. Simple economics tells us as demand increases and supply decreases, price increases. When supply increases and demand remains the same or decreases, price will certainly decrease. So if we had more oil, price would decrease. 65% of the American people are in favor of drilling for more oil. Why aren’t we?
Something that most Americans don’t know and something I didn’t know until recently is that the moratorium on off-shore drilling is renewed every year by Congress. The moratorium will expire on September 30th and the Republicans in the House and Senate are prepared to vote against the Budget Resolution to continue funding the Government, if the Democrats attempt to insert a one-year extension of the moratorium. If the Budget Resolution fails, certain Government agencies will shut down until the resolution is passed. But if the budget is passed without the moratorium, then real solutions are possible. Wonder what that would do to the price of gasoline?

1 comments:

Mississippi District UPCI Single's Ministry said...

I saw Mr. Childers on the news say if they were to find oil right next to him, he'd want them to drill. Well duh!!! You'd get a share of the oil since part of the reserve would be under your land. He thinks the folks in the First District to be fools to believe his bunk.