WASHINGTON — Democrats’ stance against offshore drilling has shifted more, with House Speaker Nancy Pelosi signaling on Saturday her willingness to consider opening up more coastal areas to oil and gas exploration. In her party’s weekly radio address, Pelosi said opening portions of the Outer Continental Shelf for drilling would be a part of energy legislation that House Democrats intend to put forward in the coming weeks to address oil dependence and high gasoline prices. Lawmakers will be able to “consider opening portions of the Outer Continental Shelf for drilling, with appropriate safeguards, and without taxpayer subsidies to Big Oil,” said Pelosi, D-Calif.
Let’s review our Department of Energy report, care of the New Yorker:
…The Department of Energy estimates that there are eighteen billion barrels of technically recoverable oil in offshore areas of the continental United States that are now closed to drilling. This sounds like a lot, until you consider that oil is a globally traded commodity and that, at current rates of consumption, eighteen billion barrels would satisfy less than seven months of global demand. A D.O.E. report issued last year predicted that it would take two decades for drilling in restricted areas to have a noticeable effect on domestic production, and that, even then, “because oil prices are determined on the international market,” the impact on fuel costs would be “insignificant.”
WHY ARE THEY STILL PANDERING TO THE LOWEST COMMON DENOMINATOR. I, for one, am deeply disappointed in Pelosi’s spineless refusal both to consider impeachment and for her caving into considering an issue she knows is just a political charade that will have effectively zero effect on the oil situation (indeed, it’ll probably make it worse). If you’ll pardon the gender specific epithet, she (along with Obama and the other democrats) needs to grow a pair and “just say no” to offshore drilling.