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Do you think the US government drilling for oil domestically will reduce prices at the gas pump?

Politics 2008/05/28 21:23:06
Yes. Drill here, drill now, and pay less.
No. Domestic drilling isn't worth the environmental cost.
Drilling domestically will...
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Newt Gingrich started a campaign that supports domestic oil drilling. He promises that if we start drilling in the Gulf of Mexico, Northern Alaska, and the Rocky Mountains, it will lower gas prices which will in turn help our economy.

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  • Jwalden --- Constitution Party 2008/05/29 15:08:43
    Yes. Drill here, drill now, and pay less.
    Jwalden --- Constitution Party
    +9
    even if it brings gas prices down 50 cents, it will be better than now. How many other countries are 'Allowed' to drill off of America's coasts? But we cannot drill in the same areas due to Enviromental Laws.

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  • themadhare ~IJM 2011/03/10 07:48:43
    Yes. Drill here, drill now, and pay less.
    themadhare ~IJM
    too bad,,, we're paying more now
  • cher2 2009/05/28 03:00:01
    Drilling domestically will...
    cher2
    NEVER HAPPEN ! The USA has had licenses for decades to drill, but big oil companies won't drill because it is too expensive. They thought about it when oil was at $140., but not at the low prices they are again..they drill in Saudi much cheaper. Americans don't get that even with the licenses that exist to drill, it would take years to set up the platforms to drill, and the expense is too great for the low profits. Companies will not do it. Prices have to go way, way up first, and stay there. Lets hope that won't happen.
  • brob1969 2008/10/27 12:53:31
    No. Domestic drilling isn't worth the environmental cost.
    brob1969
    We can't even come close to making up the deficit in domestic production. No matter how much we drill, there just isn't enough oil to produce what we get from foreign nations; this will always render us dependent on foreign energy. You see what OPEC just did in response to falling oil prices; they cut production by 1.5m barrels and said they would cut further if prices did not stop falling. Is this what we want for our future?

    Special interest groups, the oil industry in particular, are what keep us from using renewables. This has been going on since the turn of the 20th century, nearly 100 years now. Imagine if Edison and Ford had their way back when Rockefeller funded prohibition; we would have been using renewable energy this whole time. Renewables are out there and they can be produced in abundance with no foreign input; you want to get off of foreign oil, start growing cattails and use them for sewage treatment. You solve two problems at once; sewage treatment creates an unlimited source of ethanol.
  • luigi1- in god we trust 2008/10/26 13:29:34
    Drilling domestically will...
    luigi1- in god we trust
    +1
    drillin wil have short term psychological affect on the markets.
  • Jon 2008/10/08 20:37:53
    Drilling domestically will...
    Jon
    eventually cause the yoyoing prices of gasoline to drop, but not immediately. It might be 10 years, before it does. We need something that's sooner than 10 years, from now.
  • luvs2boat 2008/09/01 17:13:59
    Yes. Drill here, drill now, and pay less.
    luvs2boat
  • the kid 2008/08/06 09:07:04
    Drilling domestically will...
    the kid
    +1
    achieve nothing, you DA
  • motvet 2008/07/23 10:23:46
    Drilling domestically will...
    motvet
    +1
    benefit oil corporations. there will be little effect at the pump, if any. what little oil that may or may not be left is hard to get at and expensive to extract. in any event, market prices dictate, and those are still subject to oil speculation that drives prices way up. ending our dependance on oil is in this nation's best interests. it's time for u.s. oil corporations to exist in this century. if they're really about making money, they should start selling more energy from alternative sources.
  • DarthDrew87 2008/07/18 04:59:53
    No. Domestic drilling isn't worth the environmental cost.
    DarthDrew87
    +1
    Plus, corporate america has always been greedy and they'll find a way to take our money.
  • Racefish 2008/07/18 03:50:10
    Yes. Drill here, drill now, and pay less.
    Racefish
    The price has already started to drop with the threat of domestic drilling.
  • brob1969 Racefish 2008/10/27 12:58:00
    brob1969
    Prices have fallen as a result of massive decreases in demand because of worldwide financial turmoil. Nothing to do with the "threat" of domestic drilling; OPEC knows full well that we cannot ever hope to produce enough oil to wean us off of their supplies.
  • peace train 2008/07/15 17:50:25
    No. Domestic drilling isn't worth the environmental cost.
    peace train
    Newt is a fraude,, an act..... Hes playing off the ignorance of uneducated people....... Hes a scam.......... He is a registered democrat.. look it up
  • Racefish peace t... 2008/07/18 03:52:06
    Racefish
    Take off the tinfoil hat and take your medication.
  • republican 2008/07/14 20:34:02
    Drilling domestically will...
    republican
    It will help us pay less I agree with that. There is one drawback though.

    China will have as many cars as us on the road in ab out 2010. If we stop using saudi oil China will have cheap gas.

    If China has cheap gas we will have more competition so yes drill but still import. Just a little less.
  • TheRichZone 2008/07/13 19:04:46
    Yes. Drill here, drill now, and pay less.
    TheRichZone
    +1
    Drilling Here and Drilling Now is the "BIGGEST" No-Brainner" in the history of mankind.
  • Irish 2008/07/10 23:54:53 (edited)
    Drilling domestically will...
    Irish
    One problem is, all the land the oil companies already have leased for drilling that they are just sitting on and not doing a thing with. They don't need to go to Alaska for any new land. They should either drill or loose the lease, period. the Republicans are the ones who are holding up a solution to our crisis. I have always been registered as a Republican but watching what they are NOT doing just makes me sick. Gonna change parties for sure.
    Additionally, why does a Conoco Phillips prompt come up on this question asking for a password and name?????????
  • Racefish Irish 2008/07/18 03:53:29
    Racefish
    Have you thought there might not be any oil where those leases are? The only thing a lease does is to "allow" for exploration.
  • stoney 2008/07/04 14:42:08
    Drilling domestically will...
    stoney
    +1
    just make the oil companies just want more money
  • Mongoose 2008/07/02 19:36:37
    Drilling domestically will...
    Mongoose
    They'll charge just as much for gas, but it will cost them less to get it.
  • JD 2008/06/29 20:05:25
    Drilling domestically will...
    JD
    +1
    Drilling at home is not going to play a major role in gas prices. Oil companies have plenty of land to drill on and to say their is no oil on this land doesn't say much for the oil companies and their exploration abilities.. why buy land with no apparent oil reserves? Anyone with common sense knows new dril rigs take years to build and time to actually go online after construction. Our demands if gas prices go down will only increase and this will solve nothing. Oil is the technology of decades ago. America is beyond this. We need to send a message to the world much larger than we can find our own oil. We need to send the message we are beyond oil.
  • GLO 2008/06/27 00:21:45
  • Pala 2008/06/25 13:37:37
    No. Domestic drilling isn't worth the environmental cost.
    Pala
    +1
    Pay less at the pump and more somewhere else.
  • meowomon 2008/06/24 16:16:59
    No. Domestic drilling isn't worth the environmental cost.
    meowomon
    +2
    Wednesday, Jun. 18, 2008

    Will More Drilling Mean Cheaper Gas?

    By Bryan Walsh

    On Wednesday morning President George W. Bush urged Congress to overturn a 26-year ban on offshore oil drilling in the U.S. and open a part of the Arctic National Wildlife Refuge (ANWR) to petroleum exploration. Flanked by the secretaries of Energy and the Interior, Bush also proposed streamlining the construction process for new oil refineries, and explained that these moves would "take pressure off gas prices over time by expanding the amount of American-made oil and gasoline." Coming a day after Republican presumptive presidential nominee John McCain made a similar appeal to enhance domestic oil exploration, Bush was sending an unsubtle election-year message to the American public: I care about the economic toll of $4-a-gallon gas, and Democrats in Congress, who have opposed such an expansion, don't.

    But there's a flaw in that logic: even if tomorrow we opened up every square mile of the outer continental shelf to offshore rigs, even if we drilled the entire state of Alaska and pulled new refineries out of thin air, the impact on gas prices would be minimal and delayed at best. A 2004 study by the government's Energy Information Administration (EIA) found that drilling in ANWR would trim the price o...'""'""

    '''""
    Wednesday, Jun. 18, 2008

    Will More Drilling Mean Cheaper Gas?

    By Bryan Walsh

    On Wednesday morning President George W. Bush urged Congress to overturn a 26-year ban on offshore oil drilling in the U.S. and open a part of the Arctic National Wildlife Refuge (ANWR) to petroleum exploration. Flanked by the secretaries of Energy and the Interior, Bush also proposed streamlining the construction process for new oil refineries, and explained that these moves would "take pressure off gas prices over time by expanding the amount of American-made oil and gasoline." Coming a day after Republican presumptive presidential nominee John McCain made a similar appeal to enhance domestic oil exploration, Bush was sending an unsubtle election-year message to the American public: I care about the economic toll of $4-a-gallon gas, and Democrats in Congress, who have opposed such an expansion, don't.

    But there's a flaw in that logic: even if tomorrow we opened up every square mile of the outer continental shelf to offshore rigs, even if we drilled the entire state of Alaska and pulled new refineries out of thin air, the impact on gas prices would be minimal and delayed at best. A 2004 study by the government's Energy Information Administration (EIA) found that drilling in ANWR would trim the price of gas by 3.5 cents a gallon by 2027. (If oil prices continue to skyrocket, the savings would be greater, but not by much.) Opening up offshore areas to oil exploration — currently all coastal areas save a section of the Gulf of Mexico are off-limits, thanks to a congressional ban enacted in 1982 and supplemented by an executive order from the first President Bush — might cut the price of gas by 3 to 4 cents a gallon at most, according to the Natural Resources Defense Council. And the relief at the pump, such as it is, wouldn't be immediate — it would take several years, at least, for the oil to begin to flow, which is time enough for increased demand from China, India and the rest of the world to outpace those relatively meager savings. "Right now the price of oil is set on the global market," says Kevin Lindemer, executive managing director of the energy markets group for the research firm Global Insight. President Bush's move "would not have an impact."

    The reason is simple: the U.S. has an estimated 3% of global petroleum reserves but consumes 24% of the world's oil. Offshore territories and public lands like ANWR that don't allow drilling may contain up to 75 billion barrels of oil, according to the EIA. That may sound like a lot, but it's not enough to make a significant difference in a world where global oil demand is expected to rise 30% by 2030, to nearly 120 million barrels a day. At best, greatly expanding domestic drilling might eventually lower the proportion of oil the U.S. imports — currently about 60% of its total supply — but petroleum is a global commodity, and the world market would soak up any additional American production. "This is a drop in the bucket," says Gernot Wagner, an economist with the Environmental Defense Fund.
    (more)
  • Racefish meowomon 2008/07/18 03:58:26
    Racefish
    +1
    Please explain to me how anyone can predict a 3.5 cent difference in Gas price twenty years down the road when they can't predict a $5.00 drop in price per barrel from one week to the next due to the president "urging" congress to open ANWR?
    The next question would be, what will the value of the dollar be in 20 years?
    Logic has left the building.
  • Jerimia 2008/06/24 05:16:13
    Yes. Drill here, drill now, and pay less.
    Jerimia
    If we can increase the amount of oil in the US market and the
    refining capabilities, then yes gas and diesel prices will drop. That
    is part of the cure. Also need to explore other routes, but local
    drilling is very necessary. (And lets KEEP the oil IN America and not
    on the world market!)
  • brob1969 Jerimia 2008/10/27 13:03:52
    brob1969
    We cannot produce enough oil domestically to keep up with demand; US oil peaked in 1970. Despite continued drilling, production has steadily declined. The oil isn't here, but we have plenty of land to produce bio-fuels; more than enough to supplant ALL oil and still provide more than enough food.
  • drillhere 2008/06/23 04:13:07
    Yes. Drill here, drill now, and pay less.
    drillhere
    Barrel of oil would drop just by saying we are committed to drilling off the northern slope of Alaska where there is enough oil to last 200 years. OPEC would freak out and speculators would drop the price. Just knowing that there will be 25 million barrels a day more in the market in 5 years and in 10 years 50 million. We are also paying out other countries to refine 400k gallons of gas a day. Building refineries is a must! Not litering them with paper work so they cannot.
    With McCain saying When he is president he will put through a fast track for 100 Nuclear power plants. Then tax the oil companies more for drilling on federal land and use that money to fund alternative fuel technology research and restore environmental efforts. Especially in the field of Coal to Oil Tech. They are years only away from making that process totally no carbon dioxide into the air. Some say 5 years with federal funding. Just this would put alternative energies on fast track. Could see the US in 10 years be total independent of foreign energy. Which would bring 100's of thousands of jobs here and keep "our" money here. It can happen. So call your Congressman, Senator to pass the energy bill and to allow off shore drilling, then call President Bush and tell him to lift Clinton's executiv...'
    Barrel of oil would drop just by saying we are committed to drilling off the northern slope of Alaska where there is enough oil to last 200 years. OPEC would freak out and speculators would drop the price. Just knowing that there will be 25 million barrels a day more in the market in 5 years and in 10 years 50 million. We are also paying out other countries to refine 400k gallons of gas a day. Building refineries is a must! Not litering them with paper work so they cannot.
    With McCain saying When he is president he will put through a fast track for 100 Nuclear power plants. Then tax the oil companies more for drilling on federal land and use that money to fund alternative fuel technology research and restore environmental efforts. Especially in the field of Coal to Oil Tech. They are years only away from making that process totally no carbon dioxide into the air. Some say 5 years with federal funding. Just this would put alternative energies on fast track. Could see the US in 10 years be total independent of foreign energy. Which would bring 100's of thousands of jobs here and keep "our" money here. It can happen. So call your Congressman, Senator to pass the energy bill and to allow off shore drilling, then call President Bush and tell him to lift Clinton's executive order on the ban off shore drilling. Let's get our country back. These politicians have stole are money long enough and have ruin our country. TAKE IT BACK!!
    I have a source who was a board member of Exxon for 30+ years saying about just knowing that more oil on the market in the future will drop the price. Also have family in Alaska in the oil business who worked for BP and he said that they found the largest oil basin off the coast of the Northern Slope. Problem is Bush Sr. stopped it from happening, then Clinton till 2020. Why? Saudi Arabia=CASH+DEBT
    (more)
  • Edventure 2008/06/22 22:31:41
    Drilling domestically will...
    Edventure
    +1
    Will generate more profits for its principals, and shareholders. The price will continue to go up the bar is set, at 140/barrel its feasable to extract oil from shale and black earth and then they'll lobby for refineries that will not change anything anyway. I say go nuclear and exhaust other alternitives. This is nothing more than an auto industry bail-out here usa and a profit windfall for those chosen few.
  • Taylor 2008/06/20 18:22:35
    Yes. Drill here, drill now, and pay less.
    Taylor
    Drill straight through the polar bears, caribou, and penguins if you have to. I want cheap gas. It should NOT cost $52 to fill up my Honda Accord. Alternative energy would be great, but right now we dont have it. Until Al Gore can give me a car powered my my own sense of self satisfaction for being kind to mother earth, put a rig on Mount Rushmore or anywhere you have to and get me cheaper oil.
  • kmay 2008/06/17 22:48:10
    Yes. Drill here, drill now, and pay less.
    kmay
  • Icedragon1969 2008/06/17 20:30:58
    Drilling domestically will...
    Icedragon1969
    +2
    Do nothing as far as gasoline prices. We've already shown the oil companies that we're dependent and idiotic enough to keep paying their prices. Why should they cut profits now just because there are new sources? It's not as if there's a shortage of oil -now-.
  • Regulus [99 - INSHALLAH] 2008/06/16 12:34:52
    No. Domestic drilling isn't worth the environmental cost.
    Regulus [99 - INSHALLAH]
    +2
    Not to mention: when Domestic reserves get low; we're back where we started, with scare oil, high prices, and NOWHERE TO DRILL FOR MORE! By that time, we've most likely spent all of the money we could've allocated for renewable technology on digging up and burning some bloody rocks out in Colorado! So what 'appens when there's nothing left in the Gulf of Mexico, Northern Alaska, and the Rocky Mountains?
  • mac -Holding Fast 2008/06/07 19:37:49
    Yes. Drill here, drill now, and pay less.
    mac -Holding Fast
    +1
    Should have drilled sooner!
  • aace 2008/06/07 02:31:06
  • Janet 2008/06/07 02:21:10
    Yes. Drill here, drill now, and pay less.
    Janet
    +1
    We should have started it in the 90's when Clinton vetoed it.
  • comrade... Janet 2008/06/18 17:29:26
    comrade slucky
    actually it should have never started in the 80's when George H Bush put it into effect!
  • Janet comrade... 2008/06/19 17:50:06
    Janet
    +1
    What are you talking about?
  • Pala Janet 2008/06/25 13:39:14
  • gone 2008/06/07 02:15:08 (edited)
  • Jennifer 2008/06/02 03:20:19
    Yes. Drill here, drill now, and pay less.
    Jennifer
    Drilling domestically will get us over a a hump, as it were. A smart and common sense alternative to what is currently being pushed down our throats...gas prices that will cripple an economy that is not ready for such a dramatic change.

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