Monday, August 4, 2008

McCain’s Oil Drilling Hoax

LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.

By Joe Conason

Forced to cancel a visit to an oil platform off the Mississippi coast last week because of inclement weather—and the untimely leaking of hundreds of thousands of gallons of oil from a damaged barge in the area—John McCain finally got his photo op at a California derrick on July 28. Speaking at the Bakersfield site, the Arizona senator delivered extraordinarily good news to the beleaguered gasoline-consuming public as he explained why we must drill offshore.

McCain, basing his remarks on briefings he received from "the oil producers," said: "There are some instances [that] within a matter of months they could be getting additional oil. In some cases, it would be a matter of a year. In some cases it could take longer than that, depending on the location and whether you use existing rigs or you have to install new rigs, but there's abundant resources in the view of the people who are in the business that could be exploited within a period of months."

The prospect of significant new petroleum resources that could be available so soon would be excellent news—aside from the obvious impact of burning still more oil—if only what the senator said was true. But what he said actually made no sense whatsoever, as a statement about the future development of domestic oil, the alleged need to increase drilling off our coasts or the resources that such drilling might produce. So let's unpack that McCain statement (which was overshadowed by the news that his dermatologist had just removed a small lesion from the 71-year-old melanoma survivor's right cheek).

It may be true that "existing rigs" could produce additional barrels of domestic oil immediately, whether on land or in the ocean, as McCain suggests. If so, he might want to ask his friends in the oil business why those rigs aren't producing more oil now, at prices above $120 a barrel. An existing rig by definition is a rig that is operating legally on property already leased for exploration—and can produce oil unencumbered by any environmental constraints on drilling. In case the senator doesn't understand, an existing rig is where someone has already drilled a well.

http://www.truthdig.com/report/item/20080730_mccains_oil_drilling_hoax/

Sphere: Related Content

No comments:

Blog Archive

Subscribe via email

Enter your email address:

Delivered by FeedBurner

Search This Blog

Subscribe Now: standard

Add to Technorati Favorites