Friday, June 20, 2008

Oil Crisis Solutions - Offshore and ANWR

As politicians debate whether to open federal offshore waters to oil and natural-gas drilling, there is agreement on at least one point: It isn't a short-term fix.

If the bans were lifted tomorrow, it would be at least seven years -- and likely as long as a decade -- before the first oil began to flow off the coasts of Florida, California and the eastern seaboard.

Wall Street Journal

Seven to ten years between drilling and the first oil.
Imagine what the price of gas will be by then. Heck, by then gas-powered cars may be a thing of the past. But all us who drive second-hand cars can get the benefit.

No comments: