The House voted to end the 25 year moratorium on drilling for oil and natural on the Outer Continental Shelf.
[C]ritics of the offshore drilling restrictions argue the additional oil and gas is needed if the country is to move toward greater energy independence,
Great shades of John David Rockefeller! Is there any way to get through these people's heads that the reason we are dependent on foreign oil is that we are dependent on oil?
If we have an addiction, as the President half-heartedly observed in his last State of the Union address, a statement he meant as sincerely as his promise to get us to Mars a few years back, then allowing drilling off the coasts is like a junkie moving on to another corner and pronouncing himself cured because he can buy his fix a block closer to home.
Ah well. Of course the point of this is not to make the nation more energy self-sufficient. It's to make oil companies money.
The country's full of greedy people who are very pious in their money-grubbing. They've convinced themselves that they are doing God's work raping and plundering the planet and when Jesus comes back he's expecting to find that what hasn't been paved over has been clearcut and strip-mined.
But there are even more greedy people who just don't give a damn. They don't think about the future or consequences. They don't even think about how to make money. They just react to its presence. They smell gold and they reach for their pickaxes and shovels and head for the hills.
There is an all too common type of greedhead who can't stand to look at anything---a mountain, a coastline, a house, a government program like Social Security, the Internet---and know that no one they know personally is making a million bucks off it.
There are people for whom the possibility of making a million bucks sometime in the future is more real than the hundred thousand dollars they're making at the moment.
The tourist business in the states whose economies and environments would be ruined by the inevitable oil spills bring in billions and billions of dollars. But that money isn't real.
The real money is under the water.
Money you already have doesn't count. It's only the money you can make. If you fail to make it, then it doesn't matter how much you've got in the bank and under the mattress, you're a chump, you've let yourself get robbed.
The oil companies behind this aren't getting any of the tourists' money, so of course they feel robbed. But the congressmen they've bought, including 40 Democrats, are supposed to have their districts' interests at heart.
Well, if you look at what else they've done, they appear to, in a way.
[The bill] changed the revenue sharing so that states' share of royalties would soar eventually as much as 75 percent.
The Gulf states where most U.S. offshore energy resources are being tapped, now get less than 5 percent of the royalties. For example, Louisiana's royalties would go from $32 million last year to a total of $8.6 billion over the next 10 years — and even higher after that.
The Interior Department estimated that the changes could cost the federal government as much as $69 billion in lost royalties over 15 years and "several hundred billion dollars" over 60 years.
The White House issued a statement saying it favors much of the bill but strongly opposes the changes in royalty revenue sharing, which it said "would have a long-term impact on the federal deficit."
In other words, the bill is yet another way for the poor, corrupt, failed deep Southern States like Louisiana---two of the chief architects of the bill are Louisianans---to take more money from the rest of us who already give them more than our fair share of our federal taxes.
They don't do anything for their citizens and they still can't get by on our subsidies. All that oil revenue that will supposedly come to them will wind up in the same back pockets as the money the rest of us send them.
The Interior Department estimates there are about 19 billion barrels of recoverable oil and 86 trillion cubic feet of natural gas beneath waters under drilling bans from New England to southern Alaska.
The country uses about 21 million barrels of oil a day.
That works out to 7,665,000,000 barrels a year.
In short, there's less than three years worth of oil out there.
And when it's used up, how far along the road to energy independence will we be?