Why are we not drilling for oil in the US?

I remember a few years ago when gas was .00+ a gallon and all it took was the GOP to say drill, and the prices began to go back down. Gas is reaching .00+ in parts of the country again, and I would bet anything that if Obama came out and said he will now look at solutions to solving our energy problems by drilling…gas would go back down.
So then I got to thinking, why are we not drilling? Does it have to do with the environment? Is there not a place everyone can agree on to drill? It would create jobs, and in fact could probably employ the entire country in one way or another with the right investors. So why are we not doing it? Are we just waiting for other countries to run out of there’s first?
@ JBS – you’re automatically getting best answer because I so want a wind powered car now!
@ FOOD FIGHT – please provide a source of your reading material cause all I hear people saying is," why are we not drilling?" So is the public misinformed?
@ FOOD FIGHT – thanks!

24 Responses to “Why are we not drilling for oil in the US?”

  1. JBS Says:

    we are waiting on wind powered cars – he wants us to get up to $6 + per gallon then we will be just like Europe – it is part of the Obama Master Plan to bring down the evil rich oil companies and make them pay – the only problem is we will end up paying!

  2. FOOD FIGHT! Says:

    Read. Last year was the first year since the 70s that the amount of oil produced in the US went up. That is because we drilled more wells in the US than any time in history last year.

    I suppose you are referring to just offshore drilling in the Gulf where we clearly need to revise our regulations.

  3. Phoenix Says:

    So Al Gore can get a little bit richer.

  4. Angel's Memory Says:

    Study the meanings, causes and ideas of socialism. That’s gonna explain a great deal. Plus, there’s this little secret that George "Spooky Dude" Soros is getting a piece of the action in Brazil.

  5. Mr. Wordy Says:

    Guess what the third top oil producing country in the world is.

    http://www.huffingtonpost.com/2011/02/22/oil-producers-exporters-t_n_826564.html#s244326&title=2_Saudi_Arabia

    http://en.wikipedia.org/wiki/List_of_countries_by_oil_production

    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2173rank.html

  6. CrocoDuck Says:

    There is very little oil in the US that’s actually available on land. Most of it is offshore. Like the Gulf of Mexico, for example. In many of the places we do have oil on land, we actually are drilling it, like in Texas for example.

    Also, oil is a global commodity with a price controlled by global supply and demand. Increasing the supply in the US won’t really affect gas prices in the US because the market is global, not local. We can’t drill all our own oil, all gas costs about the same, so we’d still have to pay whatever the going rate is for oil on international markets.

  7. helpful hank Says:

    We did, but we should be spending more time trying to find an alternative rather than digging for scraps.

    Oh and JBS, wind powered cars are not possible due to power loss through friction (Trust me I have literally spent hours trying to find a way around it…) as cool as they would be…

  8. Hondo Says:

    Let me make this very simple for you. We ARE drilling in the US. The oil companies that drill in the US want to make as much profit as possible, just like any other company. This means they sell the oil they drill in the US to the highest bidder on the WORLD market. They have no interest in selling their oil cheap to the citizens of the US if they can get more money for their oil elsewhere. As India and China start using more and more oil, the price of oil on the WORLD market will continue to increase, no matter how much oil we drill for here. It all ends up on the WORLD market and is sold to the highest bidder.

    Are you really so ignorant to assume that our capitalistic system here in the US would encourage oil producers on US soil to sell oil for a lower price to Americans just because we are Americans?

    Get used to the higher prices…oil is getting harder to find, and thanks to India and China, demand is increasing rapidly. $4.00 a gallon for gas is nothing.

  9. Jeffery Smith Says:

    By far the biggest decision the US can make to fix its economy is to adopt a smart energy policy. The United States has more coal and natural gas than any other nation on Earth. We also have an estimated 2.3 TRILLION barrels of untapped oil reserves.

    Also, the United States could easily out-export China if we had access to our natural resources.
    And here’s why that’s so important. China’s advantage is cheap labor. America’s is abundant energy. We can out-produce them. Energy accounts for much more of the cost of manufactured goods than labor does. And we have more energy than any other country. Would that a GOP presidential candidate put those facts together. America can have its cake and eat it too: high wage job and economic growth. The United States is doomed to President Obama’s "race to the bottom" only if we continue to embrace his energy policies.

    "Yet the United States is sitting on the world’s largest untapped oil reserve. A natural resource that would not only mitigate the over $400 Billion sent overseas to other countries but could create untold millions of jobs and put the country on a sound financial footing.

    The untapped reserves are estimated up to 2.3 Trillion barrels, nearly three times the reserves held by the OPEC countries and sufficient to meet 300 years of demand, at today’s levels — for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.

    The US could become the single largest exporter of oil and oil related products in the world, thus potentially eliminating its trade deficit, and increasing the national standard of living as well as making a massive dent in the national debt. "

    EDIT: Hondo, you are extremely ignorant. America is NOT running out of oil. More and more oil is discovered every year, at a rate that exceeds the amount of oil that we are using! Nearly 3/4 of all oil drilled in the US is used in the US. The fact is that the federal government has a stranglehold on the oil industry, preventing them from opening up new wells in the US. America may produce over 5 million barrels of crude oil per day, but there’s another 10 million barrels that the US COULD be producing, but instead is importing, because of the Federal government’s ridiculous energy policies. Note that the Federal government getting in the way of domestic oil production is a problem that has existed long before Obama; however, Obama’s administration has been the worst administration in recent history when it comes to putting a stranglehold on domestic energy.

    Also, the US has produced more oil this year since the 1970s because BUSH allowed those oil leases to start up. It takes years for new oil leases to be establish, for exploratory drilling to be done, and for the infrastructure to be set up to actually drill. Obama has unsurprisingly taken the credit for it, though.

  10. John W Says:

    Obama has to listen to the radical environmentalist

  11. thor_torkinson Says:

    No idea. If the reason is supposed to be environmental, why are the Chinese drilling in the same spots?

    Food Fight…When exactly were these leases granted? That’s right…under Clinton and Bush. We’re on schedule to cut US production by nearly 50% in the next five years because Obama will not grant new leases.

  12. Capt Cold Says:

    I take it that you’ve never been to Texas. You cant turn around without running into an oil well. And many more in NM, OK, LA, AK, etc.

  13. Paul Says:

    Because the price of oil and gasoline hasn’t gone up high enough for the current President.

    I wanted an electric car, but the extension cord was too short.

    Edit: FOOD FIGHT all those permits for drilling and well drilling was started during the Bush administration. Your defense is full of holes.

  14. Proud American Conservative Says:

    We are under obamunism. What do you expect he is really red and not in a republican way.

  15. TheManPlan Says:

    I think its easier for the politicians to buy from all the other countries and dry up their reserves and then the US would be left with the biggest deposits… Im not sure but one thing for sure is God forbid we did because could you imagine all the jobs and saved money from military, subsidies, and shipping???

  16. buzz Aldrain Says:

    becasue it is strategic

  17. Roland Deschain Says:

    thank Al Gore for that. Excelsior!

  18. bigDcowgirl Says:

    Gas already is way over $4.00 a gallon where I live, actually getting closer to $5.00
    Drill isn’t the problem. There is plenty of oil being produced, the problem is oil speculators. They are the people driving up the oil prices right now. Another problem we have creating gas prices to be so high are the refineries themselves, we don’t have enough of them and they need to be seriously updated. Also, every time we change from winter to summer, and summer to winter gas blend, the price goes up, the oil companies say it is expensive to change blends. Not really sure I am buying their story on the last part, but really, why do we need to change blends? Thanks Congress.

  19. Jason Says:

    The truth is we are. Just not as much and as aggressively as some would like. But the price of gas is high due to speculators hedging (betting) the price will rise.

    Until the we have a long term energy, renewable energy, more domestic drilling, and nation wide mass transits system we will be victim to these price fluctuation.

  20. The Equalist Says:

    Oil is being drilled for in the US. Wake up. It just isn’t enough to satisfy America’s consumption of petroleum, and thus we buy foreign oil as well.

  21. Fizzy Bubbler Can't Be Stopped! Says:

    The US drills like crazy. They’re almost tied for the highest production in the world and yet only have 1.3% of the total proven oil in the world. I don’t know where you got the idea that America isn’t drilling, it’s got the tap wide open. Go ahead and look it up.

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