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EDITORIAL: Let's drill for oil -- where there isn't any

House energy bill a blatant sham

Coming next week from Nancy Pelosi and the House Democrats: legislation that allows oil and gas drilling on the moon!

The bill would have the same result as energy legislation passed Tuesday -- no increase in domestic oil production -- and it certainly wouldn't be any less cynical.


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  • Democrats have been taking a well-deserved beating in the polls for their stubborn opposition to increased offshore oil drilling. Back when gasoline was a bargain at $2.50 per gallon, the voting public wasn't anywhere near mad enough to call congressional Democrats on their hypocritical demand that we "reduce our dependence on foreign oil" while doing everything possible to punish oil companies, limit supplies and raise gasoline prices.

    Only when pump prices soared past $4 per gallon did the masses begin to wise up to the ruse and demand action. In July, President Bush lifted the executive order that banned drilling on the outer continental shelf, and congressional Republicans began pushing for more drilling along America's coasts, where billions upon billions of barrels of oil await extraction.

    Speaker Pelosi and her lemmings have never wavered from their position that oil, which drives what's left of the battered economy, worsens human-caused global warming and must be phased out quickly, regardless of the devastation to the developed world's standard of living.

    Democrats want hundreds of billions of dollars poured into cost-prohibitive renewable technologies, such as wind, solar and geothermal power, even though those resources can't power the cars, trucks and planes that deliver our goods and services.

    But how to respond to the popular and political pressure to increase drilling, and thereby protect the election prospects of Democratic candidates, without actually, you know, increasing drilling?

    Enter the grab-bag of pandering initiatives in the bill that passed Tuesday. Democrats voted to give states the authority to allow offshore drilling, all right -- as long as it takes place at least 50 miles away from the coastline. According to federal studies, more than 85 percent of known offshore oil reserves are well inside the proposed 50-mile boundary.

    Moreover, the legislation imposes billions of dollars worth of tax and royalty increases on oil companies -- measures that would increase the cost of gasoline to consumers. And the bill won't allow states to collect royalties on new drilling, providing a disincentive for states to grant approval in the first place.

    Again breaking her 2006 campaign promise for "great openness and transparency," Speaker Pelosi introduced and ordered a vote on the legislation in less than 24 hours, limiting debate and refusing to let Republicans offer amendments. It passed 236-189 on a mostly party-line vote.

    "The bill that's coming to the floor is nothing more than a hoax on the American people, and they will not buy it," said House Minority Leader John Boehner, R-Ohio.

    But Speaker Pelosi's special interests sure did. Within hours of the bill's passage, environmental and progressive groups were flooding fax machines and e-mail In-boxes with alerts of Republican flip-flopping for opposing offshore drilling. Americans United For Change didn't even bother checking the roll call before reflexively sending a flash to Nevada media that Republican Reps. Jon Porter and Dean Heller had reversed course: "All hat and no cattle: Porter and Heller raised hell demanding more offshore drilling, but then quietly voted against it."

    Oops. Rep. Porter, continuing his sprint to the left to deflect attacks from Democratic challenger Dina Titus, actually voted for the do-nothing bill.

    The Democrats' intent here is so transparent it's embarrassing.

    Americans know the country needs to use all its resources to power the future and speed economic recovery. That includes offshore oil drilling -- where the oil is.

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    Report abuse

    snackler wrote on September 19, 2008 07:57 PM: The price of oil is set on the petroleum trading exchanges. The oil companies are making a nice buck, but it is the Wall Street houses like Goldman Sachs and their speculator buddies that drove up the prices. Goldman kept prediciting higher and higher oil prices, and then we find out they are the biggest buyers of oil contracts for speculators. The runup in food and commodity prices can also be laid at the doorstep of Wall Street and their fellow speculators.

    I read a few interesting articles lately. In 2002 there were 400+ oil rigs drilling in the USA. Now there are over 2000. This 2000 number was confirmed by an enviro nazi who would like to see all drilling stopped. According to nazi boy, there are more rigs drilling in the USA than anywhere in the world. There have also been a few articles about how the oil crews are being pushed so hard that the amount of deaths and injuries are high.

    So many people take the easy way out and blame Bush or Clinton or McCain or Obama or the boogeyman for the current economic mess. It's really Wall Street gone wild using the free market to put the rest of us in the poor house. In their quest to amass fortunes by any means, these POS in suits have brought the world financial system to the brink of disaster.

    If all the money that Wall Street uses to play their games was put to better use like roads, factories, research, healthcare, and the like we would be a far better country. With that kind of money maybe we would have cancer and diabetes licked by now. The amazing things that could be done. Instead we have filthy greedos getting rich by shuffling paper.


    Report abuse

    Jen wrote on September 19, 2008 06:47 PM: Yes, Mike, Let's believe McCain because A Commercial said so!!!!

    Both Raines and the Obama Campaign claim that Raines is not an Obama advisor and has never advised Senator Obama. Obama's campaign has asked the Post for a retration. They'll be lucky if they're not sued. Apparently, the McCain camp knew this, but went with the smear anyway- (suprised? I'm not)

    Jim Johnson stepped down as CEO in 1998. He quit the campaign 2 months prior to the selection of Biden. Not that it matters anyway -

    Looks to me you need to bother to do something other than listen to commercials Mike.


    Report abuse

    Jen wrote on September 19, 2008 04:26 PM: Franklin Raines has not been an advisor to the Obama campaign, and as you mentioned - Jim Johnson stepped down from his position on the VP vetting team. So, are there really any dots to connect? It would seem to me that Phil Gramm-John McCain is a far more damning connection.

    By the way, didn't Jim Johnson leave Fannie Mae in 1998?

    Please do your own research before believing commercials -


    Report abuse

    Mike Green wrote on September 19, 2008 04:03 PM: Those on the liberal side knocking Bush for the Freddy Fannie and Leman failures will be disappointed when or if you bother to follow the money

    Obama is in the middle of all of this corruption

    Example: Jim Johnson, former Fannie Mae CEO. Fanny cooked the books and Johnson made millions. Then, Obama asked him to pick his VP and raise thousands for his campaign

    Obama has no background in economics. Who advises him? The Post says it's Franklin Raines for advice on mortgage and housing policy. Under Raines Fannie Mae committed extensive financial fraud. Raines made millions, Fannie Mae collapsed. Taxpayers, stuck with the bill.

    Hmm, those of you complaining also blamed Bush for Katrina, even though the Democrat racist Ray Negan, Mayor and head of a party that has been in power and stealing for over 50 years was warned about the storm and did nothing but blame others

    Look at the facts not the talking points…

    And republicans don’t think you are doing any better, you had the chance and blew it, because of you socialism looks good to 50% of the voters out their.


    Report abuse

    Bailouts Are Cool! wrote on September 19, 2008 02:31 PM: Drill Schmill!!! The word for today (and for several decades to come) is...
    BAILOUT!

    While we argue back and forth about the nickels and dimes of drilling for oil US taxpayers are now on the hook for TRILLION$ AND TRILLION$ of dollars because of the fun and games on Wall Street.

    Good thing George W. Bush and his best GOP buddy, John McPalin, is in charge! Just think of the mess we'd be in if intelligent, competent leaders were at the wheel.


    Report abuse

    happy socialist wrote on September 19, 2008 02:12 PM: As a lifelong socialist I just want to thank George W. Bush and his Republican Party for advancing the Socialist agenda in Ameriaca far beyond my wildest dreams. With the takeover (nationalization) of Bear Stearns, Fannie Mae, Freddie Mac, and now AIG, America has finally become the utopian, European-style country I'd always hoped for.

    As for drilling, thanks to Bush and the GOP, US taxpayer's pocketbooks will be drilled deep to the tune of a trillion (give or take a couple hundred billion) dollars.

    WHAT'S NOT TO LIKE?

    Who would have thought it would be the GOP that did it, that turned our capitalist system into socialist?

    THANK YOU, MY WONDERFUL GOP COMRADES!!!


    Report abuse

    DOI NON-executive wrote on September 19, 2008 12:06 PM: @ truth-

    The studies are completed by non-executive level members of the department, and their cooperators in academia and research. The shennanigans are carried out by (gasp) executive-level employees, much like how the private sector operates. There are workers that perform work, and there are managers (they like to call themselves leaders, but they are NOT) that manage to get themselves in these compromising positions.


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    truth wrote on September 19, 2008 11:36 AM: TimeRanger, what do you say about the 68 million acres of leases they already hold, have done the seismic testing and drilling on, but refuse to bring those supplies online. The purpose of it is to restrict supply. If they were to increase supply, the price of oil would decrease (supply-demand). This is not what they want. However, they don't mind grabbing up as much land as possible while their oil-cronies are still in office (but not for long). Unfortunately, this country is filled with stupid little lemmings who will believe anything their party tells them. Fortunately, they are the minority.


    Report abuse

    TimeRanger wrote on September 19, 2008 11:19 AM: Marc D - Oil companies do not lease the LAND until they drill. They lease the mineral rights. They have to have the leases before they can search for oil and the search usually starts with seismic sounding, then MAYBE if the formations below look promising, they drill.


    Report abuse

    Marc D wrote on September 19, 2008 10:59 AM: this is just another land grab by big oil, they can buy these leases and then add them to their asset column and increase their company worth.

    let the oil companies drill out the leases they hold now and hold the unsold leases in reserve for when we really need them


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