Secretary of State has it wrong on drilling September 17, 2008
Posted by oregontaxnews in Uncategorized.1 comment so far
By Richard Leonetti,
Secretary Bradbury wrote an op-ed piece saying we should not drill for oil. His arguments were riddled with contradictions and some speculation. He asserts that expanded drilling will increase gasoline demand. Actually increased drilling has no affect on demand but will increase domestic supply or keep it from falling as it is now doing. This in turn would tend to lower costs and help, not “hurt Oregonians”, as he claims. I thought he wanted lower costs?
He also says that we should start now to develop other energy sources that might take 10 years to occur. If it is good to invest now, presumably taxpayer money, for returns in the future it certainly is even more advantageous to start drilling now. Drilling costs the taxpayer nothing and actually reduces taxpayer burdens because the leases are “sold” to prospectors for cold hard cash. They also create new jobs and taxes. (more…)
