Basically, DemocRats saying that it will take "10 years" for us to get new oil, are LYING and DemocRats WANT high gas prices.
Here's a little tease:
In areas where the bureaucratic hurdles are over and lawsuits are absent, oil has been drilled and brought to the market in as little as one or two years. Louisiana’s offshore areas are an example.
California’s 10 billion barrels in offshore oil could be brought to market in as little as a year “if the moratorium were lifted,” according to a recent Sanford C. Bernstein report said, citing that the oil is under shallow water and drilling platforms already exist.
To be sure, oil won’t be flowing tomorrow even if all drilling restrictions were lifted.
That doesn’t mean it won’t impact prices.
Oil prices are influenced by futures markets — where people buy and sell future supplies of oil. Futures prices are now higher than spot prices, a signal that supply is tight.
If we have the will to drill, we can break the negative market psychology and send oil tumbling back below $100 a barrel.
Just a little talk from President Bush last week about pushing for more oil supplies helped push oil prices down more than 10% to below $130 a barrel in just five days, even though a drilling ban remains in place.
The above quote is from IBD via Flopping Aces.
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