YITBOSGP

Offshore Drilling in the Eyes of Presidential Hopefuls

I say let the free markets work. Open up the drilling in ANWR, OCS, and allow the development of oilshales. Remove all corporate welfare for the Oil companies AND alternative energies.

Additional carbon emissions has had and will have little affect on global warming. Human caused global warming is just trumped up hysteria by Al Gore and friends. (And yes I am in the pocket of the Oil companies... I cash those dividend checks from my oil stocks and trusts just fine thanks.)

I'd also like to note if additional drilling won't have any impact on price why is oil down so much today? When did the fall from the peak in oil price first start? It was mid July... the day President Bush suspended the Executive Moratorium on drilling, oil has gone into a free fall. If removing just one barrier to additional oil production has had this much effect, just think of what will happen 5 years (not 20 as you suggest) once the additional oil production comes online. In short the additional drilling only having $.05 affect on price is WRONG.

I'd also like to address the Exxon earning 11.6 Billion lamentation with pointing out it would have been close to 20 Billion but they had to pay over 8 Billion in taxes. Exxon is just another example of free market capitalism at it's finest!