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Blog of Mass Destruction

"Securing Our Energy Future"?

By The Reverend Published: May 24, 2010

Consider this....

Mr. Obama said he would hold both the government and BP accountable. But he did not retreat from his plan to expand offshore oil drilling and in fact portrayed the commission as a means to make that possible.

“Because it represents 30 percent of our oil production, the Gulf of Mexico can play an important part in securing our energy future,” the president said. “But we can only pursue offshore oil drilling if we have assurances that a disaster like the BP oil spill will not happen again.”

In other words, Mr. Obama is simply saying...."drill, baby, drill." Only this time, with "assurances."

Wow, no kidding......"assurances." I feel more optimistic already.

Kind of like telling Americans that he wants to proceed with the expansion of banks which are already too big to be allowed to fail.....but before we do that, we all need "assurances" from the Big Banks that they won't gamble all the money away this know, disastrously.

There are no "assurances" that bad stuff won't or can't happen. Yes, precautions can be taken......but...."assurances that a disaster like the BP oil spill will not happen again?".........sorry, I'm not buying it. That's the first point.

Big Corporations can't be trusted to do the right thing for America and Americans, they only do the right thing for their shareholders. That's the second point. And that will never change.....regardless of how many boatloads of "assurances" Big Corporations issue.

Obama said that, "the Gulf of Mexico can play an important part in securing our energy future."


Americans consume 25 percent of the world's produced oil, but our nation holds less than 3 percent of the world's proven oil reserves.

"In terms of addressing national energy security or lowering gasoline prices, the department of energy ... found that opening these areas to expanded off-shore drilling would only reduce gasoline prices in the US by an average of three cents a gallon.

"The United States is not Saudi Arabia. We do not sit on a mountain of oil reserves. This expansion is going to come at potentially great costs to sensitive ecosystems on the coasts." Link

Potentially great costs, like these costs?....

If it's true that drilling offshore for oil won't change America's dependency on foreign oil....and won't lower the price of gasoline for Americans....and it IS true....then, why in the hell should 'we the people' be in favor of it?

Quite frankly, I don't have the foggiest.

Perhaps, it's the royalties that the federal government receives from offshore oil production.

Oil and gas royalties collected from drilling on federal lands and waters is the second largest source of revenue for the federal government other than taxes, with the government collecting the equivalent of over $9 billion in oil and gas royalties in fiscal year 2007 alone.

The $9 billion doesn't include the amount not collected during the George W. Bush administration while employees of the Minerals Management Service were busy snorting meth-amphetamines off toaster ovens in between sexual romps with employees of the industry they were overseeing.

Remember that $9 billion figure. In three months, or so, when BP has successfully bored and secured a "relief well", and the millions and millions of barrels of oil leaking into the Gulf has finally attention to the dollar figures in damages and clean-up.

I'm willing to issue "assurances" that the number will exceed $9 billion.

And that brings us full circle back to where we started....

Why was it again that we needed to expand offshore drilling?



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