So as a businessman and fiscal conservative, I've never understood why there's this group that call themselves conservatives that are all for drilling in the U.S. Now the big thing is to open up the coastal drilling and of course ANWR has been around for a long time.
I do understand the desire to reduce or dependency on oil, but why do we want to use up what we have when others are willing to give us what they have? I understand the concept of not wanting to fund bad regimes, but remember that Canada is our biggest source, and Mexico and other friendly countries are in the top ten as well. And as long as they and the others including Saudi Arabia are willing, I say take it. Let's save the stuff we have for the day when we can't get it any where else.
Again, as a businessman I look at it from the business point of view. To make the math simple let's say I have $1,000,000 cash in the bank. I have it there for emergencies or operating expenses should business dip a bit (keeping employees paid). Now one day I need to buy a new system that is imperative for my business and it costs...yes $1,000,000. Do I spend my savings on this new tool? Absolutely not! I go and get a loan from the bank and use their money instead. Yes I pay a little more for the interest (and let's face it, my money isn't actually just sitting there either), but as long as somebody else is willing to give me some money to by my new system, I'm going to keep my money for a rainy day.
So why is everybody so ready to spend our resources when Canada, Saudi Arabia, Mexico and the others (
http://www.eia.doe.gov/pub/oil_gas/...ons/company_level_imports/current/import.html) are willing to give us oil now?
I want to keep every drop we have in the ground, so that when the day comes that nobody is sharing, we still have some left. Nevermind that there isn't a single economist out there who says drilling will have a significant impact on the price (the best case I could find was $.05 in 10-12 years).
Meanwhile while we're whining about this, Spain somehow is making a mint on selling wind energy systems, which really angers me, because I can't figure out how a near socialist system is able to kick our asses in the business arena. I may have to switch industries and go where the money is (and hopefully will allow more fuel for my airplane, though if I ever finish an -8, at least it will be less of a fuel bill).