[Disclaimer: guest opinions do not necessarily reflect the opinions of the blog administrators.]
There is a general misconception of what oil drilling in the US means. What most people think is that the oil we drill in the US stays in the US .
The politicians say “it makes us more independent” and somehow it helps the amount of oil available for US consumption. Not necessarily.
Once the oil is pumped out it goes into a commodities pool along with OPEC oil and is sold to the highest bidder like Japan China , etc. The basic idea is that there is little differentiation between a commodity coming from one producer and the same commodity from another producer – a barrel of oil is basically the same product, regardless of the producer. It doesn’t matter if it’s off-shore or the Alaska Pipeline or Canada.
So the only thing “Drill Baby Drill” means is more profit for oil companies and that doesn’t count the subsidies we give big oil for exploring off-shore.
If we don’t stop off shore drilling soon we deserve these oil spills!
