Gas prices have undoubtedly sky rocketed over the last 10 years, this being a cause of many different things whether it be the war in Iraq or presidential policies prohibiting the drilling of oil on our own land, the prices for a gallon of gas has gotten way to high. The thing that bothers me the most about this economic situation is that it could so easily be fixed yet our president is unwilling to help the economy with this issue. Instead he chooses to go overseas to other countries wasting our tax dollars and paying for the distribution of oil across the sea and also making the U.S. dependent on other nations.
In the U.S. we own the largest untapped oil reserve in the WORLD. Yes, the world, we have more oil on our own land than all of the middle east COMBINED. The Rocky mountain contains an oil deposit beneath the surface that is estimated to contain between 1.5 and 1.8 TRILLION barrels of oil. To put in this in perspective for you Saudi Arabia has an estimated 267 billion barrels of oil residing in their country, yet we decide to take their oil. We have more oil than that in oil reserves located in North and South Dakota let alone the near 2 trillion lying underneath the rocky mountains.
The only logical excuse for this in my opinion is that the U.S. is trying to use up all of the other countries resources so that in the end we will be self sufficient having everything we need, yet this excuse is not good enough for me at this current point in time.
If we were to drill on U.S. Soil for oil the American population would be as a little as 50 cents to a dollar for a gallon of gas. We would also be able to then sell oil to China ultimately reducing the national debt while sustaining a sense of an economic homeostasis within the U.S.
The problem with the oil that's located underneath the Rocky Mountains is that it is shale oil. Shale oil is very difficult to make into the oil we use to power our engines and being that it is located under rock, even harder to drill for. Apparently it is said that it is an expensive process as well, but I think it really doesn't matter at all because the U.S. will make so much money from this that if anything went south we could just increase prices and taxes for export outside the country.
Another reason were not drilling under the rocky mountains is because of all the left wing liberals that are concerned about the environment and claim that it would damage the environment if we were to do this. Global Warming and that big scam is a whole different issue that I wont get into right now, but to wrap things up, I believe if this nation wants economic recovery we should start by drilling on our own soil and just watch as the price of gas drops by the dollars and the national deficit finally begins to decrease.
Leave your comments or opinions below! tell me if you agree or disagree and tell me why! Thank you!
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