A Quote by Jennifer Granholm
If you opened up every single potential drilling opportunity in the United States, it would have the effect of lowering gas prices three cents, maybe. And that's because, of course, oil is traded on a global market.
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Just from a political perspective, do you think the president of the United States going into re-election wants gas prices to go up higher? Look, here's the bottom line with respect to gas prices: I want gas prices lower because they hurt families.
No one does a better, cleaner, or environmental friendlier, than the United States, when it comes to drilling for oil, gas, coal, oil refineries and fish friendly hydroelectric.
I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.
The drilling idea is spherically senseless - it's senseless from whatever point of view you look at it. It'd take 10 years to bring any oil online, and it would probably go to Japan. It sure wouldn't help gasoline prices here. All the economists say gasoline is still too cheap in the United States anyway. So here we're having this huge debate over offshore drilling that is just straightforward nonsense, which won't surprise you.
High prices can be the result of speculation, and maybe plunging prices can be attributed to the end of speculation, but low prices over time aren't caused by speculation. That's oversupply, mainly by Saudi Arabia flooding the market with low-priced oil to discourage rival oil producers, whether it's Russian oil or American fracking.
About half of all potential future global warming emissions from United States fossil fuels lie in oil, gas and coal buried beneath our public lands, controlled by the federal government and owned by the American people - and not yet leased to private industry for fuel extraction.
Drilling in the refuge will not solve America's energy problem. The Energy Department's own figures show that drilling would not change gas prices by more than a penny a gallon, and this would be 20 years from now.
Gas prices in many parts of the country are nearing $4 a gallon; it could get even worse as unrest spreads throughout the oil-exporting Middle East. Yet the Obama administration once again seems to see no crisis. It has curtailed new leases for offshore oil exploration for seven years and exempted thousands of acres in the West from new drilling. It will not reconsider opening up small areas of Alaska with known large oil reserves.
I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.
The Bush administration and Congressional Republicans have failed to bring up comprehensive energy reform or any piece of legislation for that matter that would lower gas prices, opting instead to give massive subsidies to the oil and gas industry.
The Bush administration and Congressional Republicans have failed to bring up comprehensive energy reform or any piece of legislation for that matter that would lower gas prices, opting instead to give massive subsidies to the oil and gas industry
The horn of dilemma of energy politics is what really drives concern about this energy in this country, at the gut level for most people, is high gas prices. And if you really want to fight global warming and try to reduce our carbon emissions, the cleanest, easiest, most rational way to do it would to make the price of gas even higher through very stiff gas prices.
The Coastal Plain of Alaska has great potential for energy development. Americans have paid record-high prices for oil and gas in the year 2005.
The EPA could act to open the transportation-fuel market to vigorous competition from natural gas as well as coal, biomass, and trash, by legalizing methanol. This would force oil prices down, expand the economy, and create millions of jobs.
In every country except - industrial country except the United States, the government uses its massive purchasing power to negotiate drug prices. That's one of the reasons prices are so much higher in the United States than in other countries.
Do not tell me that we're not drilling. We're drilling all over this country. I mean, I guess there's some - there are a few spots where we're not drilling. We're not drilling in the national mall. We're not drilling at your house. I guess we could try to have like, you know, 200 oil rigs in the middle of Chesapeake Bay.
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