More drilling won’t help
From the Cartoonist Group
Someone needs to tell the paid protectors we elected. President Barack Obama’s remarks on drilling draw scorn from Louisiana congressional delegation.
President Barack Obama said Friday that oil production out of the Gulf of Mexico is at a record high and that a rush to new drilling is not a long-term solution for a nation that consumes more than a quarter of the world’s oil.
But Louisiana lawmakers lambasted the president’s remarks on rising energy prices, made at his second news conference of the year, suggesting that he failed to confront the fact that his administration’s slow-go on permitting threatens future supplies, and that renewed drilling is an essential response to the rise in gas prices.
“The gap continues to widen between what President Obama claims to be true about domestic energy production and what Louisianans know is true,” said Sen. David Vitter, R-La.
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Haha, that cartoon is spot on. Or just another excuse to spew out pro oil and gas drilling propaganda. But even if they did drill more oil they still wouldn't have enough refineries to quickly relieve the (contrived) price hike.
It's happened for years. Supply & demand don't seem to apply to petroleum! In the fall of 1980, I saw one gasoline services trade publication with a cover story of how they were getting swamped with an oversupply of gasoline, it was jamming up storage capacity at refineries, pipelines, & terminals.
Yet, no one lowered there prices for many months afterward.