Mc Cain takes the short term view. Drill of shore and with a bit of luck the price at the pumps might fall. This is typical of vote grabbing politicians of the last 30 years. America had plenty of oil in the 1970's. America's economy was sustained by its large oil reserves. Unfortunately it is more or less all gone now.
Obama takes the long term view. America consumes 25% of the worlds oil, but only produces 3%, 66% is from the Middle East, the rest Canada, Venezuela, Nigeria etc. America, at the present rate of consumption has proven oil reserves to last about 12 years. What is needed is to reduce consumption, by producing electric or hydrogen fuel celled cars.
Politicians throughout the developed countries, lobbied by the car manufacturers and oil companies, have done nothing over the last 30 years, to reduce our dependence on oil imported from the middle east.
The largest remaining oil reserves are in Saudi Arabia, Kuwait, Iraq and Iran. The oil crises of 1973 should have been a wake up call, for politicians to change their policies, but they did nothing.What are the problems about oil?
The main problem is we have plenty right here in America that we could get for free and Obama won't take it. If McCain is elected, they will drill, and gas prices will be extremetly cheap for no concequence. That's all you need to know.
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