Oil industry demand for more drilling permits to lower oil prices is phoney

The argument that more drilling, fewer regulations will bring down oil price spikes is a tired old story-

The oil industry recycles it for every international crisis, nevertheless; and the media take it seriously (sort of). Once again they are exposed, although simple logic tells us that a strategy that takes years to implement will not impact a short term price jump.

Oil and Gas Industry sitting on 7,200 drilling permits. By Environment & Energy and Environment Daily on March 29, 2011

Do you remember the chant Drill, Drill, Drill?

It was important to drill everywhere even if it would only reduce gas prices by a penny or two over 20 years-

That’s were the Republicans were saying just a couple months ago. It was the only solution, they said. In Pocatello, Idaho the price of gasoline is $1.89/gal. $1.75 (11/25). This summer it hit $4.09. The same is true in general everywhere.

Of course, the price will rise again, but it’s important to remember how they stampeded many Americans and how one political party, in particular, made this a campaign cry. Drilling was to take precedence over wildlife and everything else. 11/25, in reality it was leasing, not drilling they were after.

Oil Closes Below $50, Lowest Price Since May 2005. By Jad Mouawad. New York Times.

Big Oil makes the most money ever

Big Oil’s biggest quarter ever: $51.5B in all. By John Porretto. AP Business Writer.

So far Speaker Pelsosi has kept nervous Democrats in line on big oil’s plan’s to use the high price of gasoline to gain leases in fragile off and on-shore public lands.

The counterattack should be easy. The headline above shows the way.

In addition, look at the polling data. Who gets the greatest blame from the public? See Pollingreport.com.

It would be fun to do a little ad on the lifestyles of the oil company CEOs.

As for the substantial number who want to see more drilling off-shore and especially on-shore, opponents need to make ads showing what these lands are like and where.  It’s easy for someone to say give them more leases on public lands; but not so easy to say lease Grand Canyon National Park.