President Obama seemed to be succumbing to Sarah Palin’s infamous call to “Drill baby, drill”, her public plea for Americans to drill domestically. Last week the president announced that he was implementing steps to speed up drilling to SPEED the drilling process in the US.
According to the New York Times, “The Republican-led House passed three bills in the last 10 days that would significantly expand and accelerate oil development in the United States, saying the administration was driving up gas prices and preventing job creation with anti-drilling policies.”
Palin received a lot of flack after the BP oil spill for her slogan on drilling. But ever since the recent sky-rocketing prices at US gas pumps, the tides seemed to have taken a complete turn since Obama’s promise for more domestic drilling.
“Obama needs to really get serious about drilling domestically,” Sarah Palin, former half-term governor of Alaska said on Fox News last month. She went on to say, “We need to concentrate on domestic drilling," and "extract responsibly the God-given resources that we have domestically.” She also added that the rising fuel prices were a result of supply and demand.
But Palin still has her critics, according to greentechmedia.com, “…it's not supply that the U.S. has to increase. In fact, in a global oil market, no amount of increase in U.S. production will influence oil prices given the relative size of our oil reserves. "Drill, baby, drill" is an economically and environmentally bankrupt policy. The United States is already the world's third largest producer of crude oil. Adding some incremental production is not going to impact the price at the pump in a global petroleum market.
Kevin Boyles, CEO of California based oil and gas company, Team Resources had this to say on Palin and her policies. “She definitely is a fiery, animated and interesting person. “Drill baby drill”? I do support drilling in Alaska and offshore. I also believe we should take special care when drilling in eco sensitive areas. Maybe some of the additional regulations which I expect to be imposed following the BP incident could help move this initiative closer to a reality.”
Regardless of Palin’s countless critics, perhaps she was right on the money with this one. And hopefully in the near future, Americans will feel the beneficial effects of domestic drilling at the pumps and ultimately, in their wallets.
According to the New York Times, “The Republican-led House passed three bills in the last 10 days that would significantly expand and accelerate oil development in the United States, saying the administration was driving up gas prices and preventing job creation with anti-drilling policies.”
Palin received a lot of flack after the BP oil spill for her slogan on drilling. But ever since the recent sky-rocketing prices at US gas pumps, the tides seemed to have taken a complete turn since Obama’s promise for more domestic drilling.
“Obama needs to really get serious about drilling domestically,” Sarah Palin, former half-term governor of Alaska said on Fox News last month. She went on to say, “We need to concentrate on domestic drilling," and "extract responsibly the God-given resources that we have domestically.” She also added that the rising fuel prices were a result of supply and demand.
But Palin still has her critics, according to greentechmedia.com, “…it's not supply that the U.S. has to increase. In fact, in a global oil market, no amount of increase in U.S. production will influence oil prices given the relative size of our oil reserves. "Drill, baby, drill" is an economically and environmentally bankrupt policy. The United States is already the world's third largest producer of crude oil. Adding some incremental production is not going to impact the price at the pump in a global petroleum market.
Kevin Boyles, CEO of California based oil and gas company, Team Resources had this to say on Palin and her policies. “She definitely is a fiery, animated and interesting person. “Drill baby drill”? I do support drilling in Alaska and offshore. I also believe we should take special care when drilling in eco sensitive areas. Maybe some of the additional regulations which I expect to be imposed following the BP incident could help move this initiative closer to a reality.”
Regardless of Palin’s countless critics, perhaps she was right on the money with this one. And hopefully in the near future, Americans will feel the beneficial effects of domestic drilling at the pumps and ultimately, in their wallets.
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