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Letter: Morrison’s oil claims come up lacking

Posted: July 4, 2011 1:55 a.m.
Updated: July 4, 2011 1:55 a.m.
 

Gary Morrison’s attempted rebuttal to my letter about opening up our oil resources to development, “‘Drill, baby, drill’ is not the end-all answer” (June 29), is chock-full of liberal canards.

He takes the position that such development won’t lower oil prices because that oil would be developed by private industry.

Clearly, he doesn’t believe the free-market system works; using his rationale, I’m puzzled as to why we’re not paying $10 for a candy bar.

After all, chocolate is also brought to market by that same free-market system that would force oil prices lower.

He talks about royalties paid to the government by the oil companies, and that has absolutely nothing to do with the issue.

He then goes on to state that enforcing current regulations could lower the price by 25 percent or more. If that’s the case, why hasn’t it happened? How does making any product scarce make it cheaper? That completely flies in the face of the law of supply and demand, as well as everyone’s personal experience.

If he’s right, then the release last week of a measly 60 million barrels of oil shouldn’t have had any market effect at all, yet oil prices dropped immediately and dramatically.

One last little detail. In his attempt to discredit what I wrote, he claimed that the oil sands I mentioned are in Canada. He’s obviously ignorant of the fact that we have sands deposits in eastern Utah that have about 32 billion barrels available for development.

But then, as the saying goes, facts to a liberal are like kryptonite to Superman.

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