There is no new reasonable drilling!!
Off-shore drilling and ANWR drilling have become the darlings of the Republican candidate’s energy/economic platforms and now, some of the Democrats are buying into it. This is, somehow, going to solve our energy woes and decrease prices at the pump because everyone knows that, if it’s produced locally (North America) we pay less for it because it doesn’t have to be shipped across the seas. But, hold on here a minute…..
Meet United Refinery, Warren, Pennsylvania. Two hours away from us, you can buy their product at Kwick Fill (I’ve always hated that cute “K” usage - Kwick Fill, Kozey Kitchen, Kitty Kat) but do you see a lower price r/t shipping cost (their crude oil comes from Canada), or local production? I don’t pretend to understand the economics involved here, but some of this seems like common sense-lower shipping costs= lower pump prices-why is there no cause and effect here? And, big surprise, their net income has increased by 16 million from the prior year.
Oil Gains Weight, Concerns Mount - Refiners are having difficulties: they need to increase output, but the way to do that is often by acquiring heavier crude oil, which requires more energy to refine and can lead to more pollution. The EPA and numerous environmental groups are concerned about the trend toward heavier crude, which refiners insist must be a part of the solution to meet expected demand increases for gasoline and other refined products.
From this excerpt, it would appear that we already have the capacity to acquire more local crude, therefore, new drilling in uncharted waters does not seem to make sense either. So, offshore and ANWR drilling are just more talking points for those candidates appealing to the uneducated masses.
And if we did increase drilling, is anyone so ignorant as to believe that the cost for this drilling would not be passed onto the consumer in higher petroleum prices and tax subsidies for big oil?
This isn’t about the need for new oil sources-this is about greed.
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