http://www.californiaconservative.org/economy/america-to-pelosi-drill/ Speaking Out For The Silent Majority (TM) Mon, 13 Feb 2012 12:50:22 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.californiaconservative.org/economy/america-to-pelosi-drill/comment-page-1/#comment-1386552 John Lemon Thu, 28 Aug 2008 04:33:41 +0000 http://www.californiaconservative.org/economy/america-to-pelosi-drill/#comment-1386552 In regard to the AEA bill, I agree with deep water drilling, as proven technology developed in Brazil exists to safely and efficiently do so. After seeing the impact of neglect by BP with its pipeline in Alaska, I do not agree with opening the ANWR at this point. As a 3rd generation Coloradan Republican going back to the late 1890's, with all of the natural gas exploration going on in Colorado I am not in favor of broad-based oil shale extraction, at least in Colorado, until proven technology exists. Shell has a pilot project, but by their own admission the technology is about 10 years out. So, neither opening ANWR nor oil shale production will bring down the price of oil anytime soon. Oil futures are sold and hedged less than 12 months out, and the speculators are sophisiticated enough to know this. I am in favor of additional refining capactiy, as that is one of the real bottle necks contributing to higher gas prices. I drive a Ford F-150, and know that one of the quickest ways to reduce my monthly gas expenditure is to transition to a vehicle that gets better gas mileage. There are many options available to achieve this. I do not believe we need to increase production in order to continue what I would term the US's gluttonous love affair with big vehicles. If people want to drive this type of vehicle, as I do, then they are going to have to pay the price. In regard to the AEA bill, I agree with deep water drilling, as proven technology developed in Brazil exists to safely and efficiently do so. After seeing the impact of neglect by BP with its pipeline in Alaska, I do not agree with opening the ANWR at this point. As a 3rd generation Coloradan Republican going back to the late 1890’s, with all of the natural gas exploration going on in Colorado I am not in favor of broad-based oil shale extraction, at least in Colorado, until proven technology exists. Shell has a pilot project, but by their own admission the technology is about 10 years out. So, neither opening ANWR nor oil shale production will bring down the price of oil anytime soon. Oil futures are sold and hedged less than 12 months out, and the speculators are sophisiticated enough to know this. I am in favor of additional refining capactiy, as that is one of the real bottle necks contributing to higher gas prices. I drive a Ford F-150, and know that one of the quickest ways to reduce my monthly gas expenditure is to transition to a vehicle that gets better gas mileage. There are many options available to achieve this. I do not believe we need to increase production in order to continue what I would term the US’s gluttonous love affair with big vehicles. If people want to drive this type of vehicle, as I do, then they are going to have to pay the price.

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