Tuesday, July 31, 2007
Just Drill, Baby
Congress's energy policies would hinder America's economy. :
"America's domestic oil production is declining, importation of oil is rising, and gasoline is more expensive. The government's Energy Information Administration reports that U.S. crude oil field production declined to 1.9 billion barrels in 2005 from 3.5 billion in 1970, and the share of our oil that is imported has increased to 60% from 27% in 1985. The price of gasoline has risen to $3.02 this month from $2 in today's dollars in 1985.
Washington politicians will tell you this is an 'energy crisis,' but America's energy challenges are far more political than substantive. "
"America's domestic oil production is declining, importation of oil is rising, and gasoline is more expensive. The government's Energy Information Administration reports that U.S. crude oil field production declined to 1.9 billion barrels in 2005 from 3.5 billion in 1970, and the share of our oil that is imported has increased to 60% from 27% in 1985. The price of gasoline has risen to $3.02 this month from $2 in today's dollars in 1985.
Washington politicians will tell you this is an 'energy crisis,' but America's energy challenges are far more political than substantive. "
