Offshore OIl Drilling
To Drill or Not to Drill?
That is the question of my blog this week. Watching Rudy Giuliani speak at the Republican Nation Convention last Wednesday and listening to thousands of people chant, "Drill, baby, drill," I realized how confused our country is on this, well, confusing issue. Somehow we arrived at a place where Republicans and Democrats are more divided than ever, and over issues like offshore drilling, which had once been off limits by both parties. I believe people are misinformed, because if the facts were understood, the choice would be clear, no matter what your party affiliation.
The major misconception I've observed is that offshore drilling will lower high gas prices. The fact is that if these projects were to start today, it would take years before new refineries would affect the market...if ever. Not to mention the amount of oil that could be produced is tiny in comparison with the amount that is produced worldwide. And let's face it-these refineries really can't start producing today, because realistically it would take years to build a new refinery and.... large amounts of money.


