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The Chip Board Archive 18

NCR-Energy Solutions

I do agree that we need to do more than just drill for oil. My concern about off shore drilling, besides the obvious environmental issues, or any drilling in areas not already designated for approved drilling are the following:

1. If you find more oil off the coast of CA or FL it doesn't go to the nearest port and then off to your local gas station. It goes into the "futures market" where it is bid on and bought at market rates, so that it will be bought by the highest bidder. Who do you think that will be, probably China, Japan, and so on.
2. The price of oil may come down slightly (yes only slightly) but that will only encourage consumption again. We went through this in the 70's, remember. Those SUV's and other gas-guzzlers will be back and the problem will not be solved.

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