Drill Here. Drill Now. Pay Less…. Say What?
Newt Gingrich is back! Under the guise of being non-partisan, he is campaigning to start domestic oil drilling with his 6-word bumper sticker slogan. Drill Here? Where? Wouldn’t we have to take the time to figure out where exactly we will have to drill? Drill Now?….or in 5-10 years, who knows? Pay Less? Says who? When confronted with the statement that no oil will actually reach our gas tanks for at least 10 years, he responds that maybe it will only be 5 years. When you get into details, the campaign seems to be, Drill Somewhere in America. Drill In 5 or 10 Years. Pay Whatever Oil Companies Charge.
The real part of their proposal that nobody talks about it that it advocated releasing oil from our strategic reserve to immediately increase supply. The idea is that our own domestic drilling to allow us to refill our strategic reserve later.
I’m not necessarily opposed to drilling, but there seem to be far too many false promises floating around.
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