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The Arctic — Drill There. Drill Now. Pay Less.

By Robbie Cooper ⋅ July 23, 2008 ⋅ Tweet This ⋅ Email This Post Email This Post ⋅ Print This Post Print This Post ⋅ Post a comment

The U.S. Geological Survey has issued a report that their might be up to 90 billion barrels of oil beneath the ice in the Arctic.

The Arctic may hold 90 billion barrels of oil, more than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and enough to supply U.S. demand for 12 years, the U.S. Geological Survey said.

One-third of the undiscovered oil is in Alaskan territory, the agency found in a study released today. By contrast, a geologic formation beneath the North Pole claimed by Russian scientists last year probably holds just 1.2 percent of the Arctic’s crude, the U.S. report showed.

The one third that is in Alaska? Let’s start drilling tomorrow. Bright and early.

The other 2/3’s? Lets stick a flag on that ice and start pumping there too.

Discussion

2 comments for “The Arctic — Drill There. Drill Now. Pay Less.”

  1. We ain’t started drilling yet?
    Oh, I forgot, the wholly owned subsidiary of the radical environmental movement is still the Speaker of the House.

    Posted by no2liberals | July 23, 2008, 10:56 pm
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  2. The conventional wisdom says Republicans are gonna get clobbered again this fall. But drill, drill, drill would overturn that wisdom. More drilling today would have the potency of the Reagan tax cuts 28 years ago in the 1980 landslide race. But the GOP has got to make the case. And deregulating oil, which is great policy, would offset much of the bad policy pain coming out of the Fannie-Freddie housing bailout.

    Kudlow.

    Nancy Pelosi, Harry Reid and other liberal leaders on Capitol Hill are gripped by cold-sweat terror. If they permit a vote on offshore drilling, they know they will lose when Blue Dogs and oil-patch Democrats defect to the GOP position of increasing domestic energy production. So the last failsafe is to shut down Congress.

    WSJ.

    Posted by no2liberals | July 23, 2008, 11:15 pm
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