Showing posts with label national debt. Show all posts
Showing posts with label national debt. Show all posts

Tuesday, September 9, 2008

Offshore Drilling, Palin & the Deficit: Let's Export Oil!

Drill, drill, drill. Why and for whom? Big oil has no interest in lowering the price of oil. Politicians have their arms in the corn barrel. Only Sarah Palin can twist the arms of big oil to share profits from a huge increase in volume from the lifting of the ban on drilling offshore and in Anwar!
If we produce 50% of our oil consumption (versus the current 3%), any loss in profit will be offset by increase in volume. Big Oil will scramble for that volume. This is because Big Oil owns the lion’s share of our imported oil. The cry for windfall taxes is to support Democrat welfare programs and buy votes for Obama/Biden.
Palin forces big oil to choose. Back massive domestic exploration or face the consequences. Only Palin knows how to play that game. She did it in Alaska.
Share the profits and reduce the national debt. Palin did it in Alaska.