The New Obsession: Domestic Oil Drilling

Skyrocketing American gas prices propagate the growing debate about domestic oil drilling. People are hurting economically, with a rising toll of lost jobs. The amount of debt in the public pocketbook seems more and more similar to the private debt that many Americans have on their credit cards and loans.

All of these stresses have amplified a long-standing tide of anger at “environmentalist treehuggers” who get in the way of big companies drilling for oil in ANWR, offshore oil drilling, or researching shale oil technology. Many people believe that the environmentalists are not opposing fossil fuels on the basis of scientific evidence. They feel that environmentalism is a “feel good” movement that draws inspiration from socialism and anti-commercialism. Frankly, who cares what motivates people to think what they think, it does not matter. What does matter is whether or not these people have facts to back up their thoughts. Sometimes the only way to focus on the important facts is to ask intelligent questions. Below you will find a series of questions that are designed to provoke a consideration of which facts might be important to thoughts on energy in America.

Is the oil economy really bad for the environment? How much oil really exists in America? Who gets to profit from the oil drilled in America?

Is there a connection between pollution, the oil economy and natural disasters like tornadoes, heat waves, floods and droughts?

What percentage of annual oil consumption would the American oil reserves provide?

Can coal really be safely and profitably liquified into gas?

Will taxpayer money subsidize companies like ExxonMobil and Shell if they start additional drilling for oil in America?

Would a new supply of oil affect its global price, and if so, by how much?

Would there be any restriction on how much ExxonMobil and Shell could charge for the crude they extract in America?

How much money would it even take to start drilling the oil reserves in America? What would that same amount of money accomplish if it were invested into creating solar, wind and waste energy power plants in America?

How many people would green energy investments employ? In comparison, how many people would continental and offshore oil drilling employ?

These are some of the questions that this humble blog writer asks. Do any of you know the answer(s) to these questions? Please post them here if you do, or send this blog post to a knowledgeable friend.