Saudi Arabia called on the Organization of Petroleum Exporting Countries to raise production to meet an expected increase in demand later this year. OPEC, the producer of 40 percent of the world's oil, should boost its oil quota by 500,000 barrels a day, or 1.9 percent, to 27.5 million a day, said Saudi oil minister Ali al-Naimi, in a faxed statement today. Iran's oil minister, Bijan Namdar Zanganeh, told reporters earlier in Isfahan, Iran, that no change in supply was needed.
Evidently, Saudi Arabia and OPEC think that 500,000 barrels P/D is a lot of oil. But "greenies" think that the estimated 1,000,000 barrels P/D that ANWR will produce is a pittance! (I wonder if 1,000,000 barrels P/D was spilled on a beach near Malibu if the "greenies" would think it was a pittance then!?!?) MY POINT? ONE MILLION BARRELS PER DAY IS NOTHING TO SNEEZE AT.
World demand is outstripping world supply - that's why oil prices are so high. To make oil cheaper, we need to increase supply by extracting more - and REFINING MORE. Right now USA refining capacity is too low; we haven't built any additional refining capacity in three decades.
Do you think the "greenies" will permit us to do that, either? NOT without a fight!
The "greenies" - the anti-ANWR oil crowd - are irrational: they think that plentiful oil is bad and "free" caribou good.
They're also generally disdainful of industrialization - as if it (along with capitalism) was somehow harmful to human life. I suggest that whenever you hear this irrational rant from a "greenie" that you point out to them that life spans, standard of living, and the health of humans in industrially developed nations is much MUCH better than for those humans who live in the "pristine" Amazon or "pristine" African bush - who are generally more sickly, poorer and live shorter lives than urban industrialized people.
What these poor, short-lived and often sick people need is MORE INDUSTRIALIZATION, not less. What the developed nations should be doing is building oil refineries all over the African coast-line! It would create jobs, grow their GDP, pay for water treatment plants (and for DDT to wipe out malaria - the single biggest disease in Africa -- one that DWARFS HIV), increase the standard of living, lead to better housing and healthcare. And we could ship ANWR-oil there to be refined, too!
MORE OIL IS THE ANSWER!
Those against more oil are part of the problem, not the solution!
MORE INFO ON ANWR - AND NEVERLAND RANCH - HERE.
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