Pelosi Plan Will Push Oil to $200 In Next 5-10 Years

This is comforting.
The Pelosi Save the PlanetNo Drilling Plan will push oil prices to $200 per barrel in the next 5-10 years.

Pelosi’s answer to the gas crisis: “Drilling is a hoax.”
Over the past 30 years Democrats have effectively created “No Zones” for US energy exploration and development:

(Republican Senator Craig put together this map in 2006.)
Over the past 30 years Democrats have blocked drilling and exploration in the vast majority of our coastal waters.
Speaker Pelosi intends to continue this trend.

The BBC and HotAir reported:

A “supply crunch” will affect the world market within the next five to 10 years, the Chatham House report said.

While there is plenty of oil in the ground, companies and governments were failing to invest enough to ensure production, it added.

Only a collapse in demand can stave off the looming crisis, report author Professor Paul Stevens said.

“In reality, the only possibility of avoiding such a crunch appears to be if a major recession reduces demand – and even then such an outcome may only postpone the problem,” he said in The Coming Oil Supply Crunch.

The Obama “air in tires” plan won’t do much to bring oil to market either.

You Might Like


As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning. Guest posting is disabled for security reasons.

Announcement: We have disabled the ability to post graphics after experiencing an attack of inappropriate image spam over the last several days. Thanks for your understanding.

You Might Like