All the hoopla over ANWR, Arctic Ocean rights and offshore drilling is nothing but a ruse to delude the public into believing so-called energy independence will bring down the cost of gasoline and energy in general. Undisclosed is the oil industry’s motive that with the price of oil at an all-time high, profits will continue to grow like never before. There is no intention to ultimately reduce the price because there would be no incentive for the oil titans to explore for oil if they thought it would drop below $100 a barrel other than perhaps more easily accessible gas for domestic use.
Even as a ploy to threaten OPEC to increase supply therefore driving down the price of oil will not work as it did in the ’70s when Nixon and Carter called for energy conservation, brownouts and smaller cars inasmuch as China and India will more than offset US move to tap our continental shelf.
This noisy cry for offshore drilling is but a deterrent for getting back to basics of developing alternative energy.
Copyright © 2008 Richard R. Kennedy All rights reserved. Revised: July 31, 2008.
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