Posted by: Mark | August 9, 2008

Why Offshore Drilling Will NOT Lower Gas Prices

Gas prices have been on every Americans mind for the past year or so. The prices of gas just keep going up. The national average gas price rose to about $4.11 this summer. That’s the highest gas prices have ever reached in American history.

Politicians have taken advantage of this situation by offering offshore drilling as a solution to high gas prices. The truth is that offshore drilling will not lower gas prices.

Offshore drilling will actually just help big oil companies bring in more money and we won’t ever seen lower gas prices. Offshore drilling is not a solution to gas prices because it will actually take decades before the oil rigs pull up one drop of oil. The oil companies would first have to get new leases into production and that alone would take around 10 years. Then it would be years for exploration and even more years before production actually begins. While all this is going on nobody would see any change in oil prices. During Bushes 8 years in office the number of wells have increased and yet we have seen gas prices rise to record highs. Another thing people do not realize is that oil prices are the same around the world. We do not get a discound just because we drilled it, because there is no guarantee that we will even use this oil in the United states.

There are many other reasons why we shouldn’t offshore drill like, more chances of oil spills, ruining ocean life and habitat. These two reasons should be enough to convince us to stay away from offshore drilling. So how do you feel about offshore drilling? Do you feel we should still do it even though oil is becoming an unliked energy source or that it would take decades before we would ever see a price drop in result of new offshore drilling?

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