Re: Shocking New Video: Why McCain Wants to Drill Up Our Tourist

Wolf Leverich wrote:

> In terms of drilling, there's virtually nothing we can do that
> would much affect total world supply, and hence the global price
> of oil. 

Incorrect. The US still has a very huge oil supply at well
below current prices. AT present prices, we have the largest supply 
anywhere.


> The reason you aren't utterly wrong is because we (the US and
> Canada) do have enough oil shale and tar reserves that we could
> cap the price of oil at the recovery price of shale/tar, if
> we're willing to pretty much destroy the southwestern corner of
> America to produce oil for international consumption.

For domestic consumption.

> BTW, if you want to blame someone for the short-term run-up
> in oil prices, blame Republicans.  What's going on right now,
> for the folks extremely short on clues, is that the industry
> is profit-taking in a major way while there's no meaningful
> oversight or threat of excess profits taxation.

The blame is on Democrats for not allowing more production.

> 

The only answer is to elect Republicans.

Doug McDonald