Gas prices are soaring. The price per gallon could double over the next 3 years.
As gas prices rise, so do food prices.
Wha should we do?
I'm not saying that drilling for oil in Alaska would bring these prices down, but if you knew that it would, would you then support the project?
I think this idea deserves some consideration.
Your thoughts?
Related posts:
Powered by Yahoo!Answers! All rights reserved.
15 responses so far ↓
1 yahoo avatars are dumb // Jul 10, 2008
Yes, I think we should drill for our own oil on our own land.
BTW, food prices only rise as ethanol is used more. But gas and food prices are related this way, I suppose.
2 TheOnlyBeldin // Jul 10, 2008
If energy and food had anything to do with supply and demand, it would make sense.
But it has nothing to do with that. It has everything to do with the value of the dollar, and the fact that that idiot Bernacke is about to cut interest rates, AGAIN, is only going to make it worse before it gets any better.
3 Che bama !!! // Jul 10, 2008
Why would the price go down ? Are we Socialist now ? The price may level out.
4 bwlobo // Jul 10, 2008
One of the main reasons for high gas prices is that global oil production is not keeping up with growing demand. Members of Congress have been vocal about foreign governments increasing their oil production; yet Congress has been just as vocal in opposition to efforts to expand our production here at home.
5 Love Canada // Jul 10, 2008
They will drill for oil in Alaska, but first they want to use up the other countries reserves first
Like money in the bank
6 TedEx // Jul 10, 2008
Too little, too late. Just suppose the "go ahead" was given right now. How long do you think it would take before we even saw a drop of that oil????
WE pissed away valuable time being more concerned over what may happen to the environment whan to exactly what happened to the price of oil.
7 Red F // Jul 10, 2008
Iraq produced 20 billion worth of oil per year, now we burn 20 billion per month securing the country.
We could all drive batery powered cars with the cost of the war
They will sell the oil to france anyhow cus the euro is so valuable. guess they dont care if the oil goes to the cowards in france under a capitalist system
8 Trust_Yourself // Jul 10, 2008
I can guarantee you the price will NOT drop
Once things goes up its hard for them to drop. The resources could only help to slow down the current price hike in the future.
There is no immediate solution. OPEC is too powerful and greedy.
They want the maximum profit so they will never meet the world's crude oil demand. Even though theres recently oil disruption in UK and africa … They dont care….. they are playing Supply and Demands game card.
As we know Demand is high but supply is low. So price jump and when price goes up…. everything goes up…..except our salary or wages.
Its not fair as all our $$ goes to OPEC
Unless theres a global watch dog that oversees the supply of crude oil. Or another consortium to challenge the OPEC. Otherwise we are gonna get squeeze even harder in the future.
9 Sky // Jul 10, 2008
1) No oil company will invest BILLIONS of their dollars drilling for 2% of the world's total oil reserves–and not seeing a lick of profit come from it.
2) Destroying our national treasures (and our environment) so that we can suck one more year's worth of oil out of the ground–isn't what I would consider a sound energy policy.
There is a reason WHY the government created ANWAR in the first place. It wasn't so that people like Senator Stevens could try and get it destroyed 30 years down the road.
3) Energy and food prices have hit a critical 'desalination' point–where the only thing that's going to happen now, is more wars, more famine, increased food shortages, higher and higher energy prices–and the like.
If we had only started conservation efforts in the 70s, recycling, and building our infrastructure to include renewable energy sources, the pain at the pump and at the grocers wouldn't *exist* today.
We wouldn't be at war with Iraq–trying to steal their oil. Or trying the same with Iran–so we could take theirs.
But the shift to smaller vehicles and energy conservation comes in too late to us much good. It's going to take 20 years for us to reap the results. But in the meantime? Energy and food prices are going to continue to spiral out of control.
And there's nothing we can do about that.
10 KERMIT M // Jul 10, 2008
No. We have to rethink our energy solutions and move completely away from fossil fuels. We have the technology and need to do what Americans do best…innovate and create the next technological leap that will create jobs and move us in a positive direction not only for the environment but for our economy.
11 liberal48 // Jul 10, 2008
I assume your are talking about drilling in the Arctic National Wildlife Refuge, since we already drill for oil in many places in Alaska.
Your assumption makes no sense. If we started working on drilling in ANWR today it would be 10 years before we received any oil. See link below to government sources. Notice also that ANWR is estimated to contain only 1.4 billion barrels, compared to Prudoe Bay for example which was 13 billion barrels. It is a drop in the bucket.
And why would we want to use our oil first? And by the way it is OUR oil. It is located in part of a National Wildlife Refuge, so it belongs to the Federal Government- all of us, not the just the people of Alaska.
12 Betsy S // Jul 10, 2008
Yes, I think we should.
13 the_round_peg // Jul 10, 2008
It should be up to the state. Alaskans should be able to decide, for themselves, if they want to drill oil in their state. If Alaskans have to take a vote to decide if they want to drill, so be it. Other states, people living in other states and the Federal government should stay out of it.
I find it to be extremely undemocratic and tyrannical for some environmental extremists from the ultra-liberal Pacific Northwest to dictate on what Alaskans can and cannot do in Alaska on their own lands.
14 arch0049 // Jul 10, 2008
Yes, but all reports from geologists, economists and the USA's General Accounting Office (under GW Bush) state that drilling for oil in ANWAR would take 10 years for a drop to hit gas stations in the continental USA, would only save 1-2% on the cost of a gallon of gas, and would allow the gas companies to increase profits while still paying little to no taxes…
The idea has been considered. These stats prove that it is just political pandering by the right and attempt to swindle the American people out of a national treasure to profit oil companies.
15 Snow B // Jul 10, 2008
We have been drilling and pumping oil here in Alaska since 1977. We do not have enough to satisfy the needs and wants of the USA. The price of gas here today is $3.70, Palmer, AK.