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	<title>Comments on: To Drill or Not to Drill?</title>
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		<title>By: Carol</title>
		<link>http://inspiredeconomist.com/2009/02/28/to-drill-or-not-to-drill/comment-page-1/#comment-3813</link>
		<dc:creator>Carol</dc:creator>
		<pubDate>Sun, 01 Mar 2009 14:08:19 +0000</pubDate>
		<guid isPermaLink="false">http://inspiredeconomist.com/?p=1266#comment-3813</guid>
		<description>Folks – let’s keep in mind the following…

•	Oil companies PAY the federal and state governments for the privilege of drilling offshore.  That’s money going into the tax base that YOU don’t have to pay.  The government uses those funds to build schools, roads and hospitals. 
•	Offshore drilling creates a huge number of high paying blue collar and white collar jobs.  So YOU don’t have to pay for their unemployment benefits and they pay income taxes that eventually benefit you.  Those same folks will be spending lots of money and buying lots of homes shore side.
•	Economics 101 indicates that more supply = lower prices for the oil and natural gas that offshore drilling produces.  
•	More supply sourced domestically helps to insure that we have a more stable source of supply. This lowers the risk of being “cut off” by others.  For the oil and gas market, this then psychologically serves to reduce the price of oil and gas and such will be reflected in how the commodity is priced. 
•	Offshore drilling is proven safe and clean.  Probably much safer than the oil tankers that cruise in and out of the nations harbors daily.

So it’s no skin off your nose if the oil companies want to drill for oil. In fact, it benefits you directly and indirectly.  It’s time that we get behind this for the good of the nation and the economy.</description>
		<content:encoded><![CDATA[<p>Folks – let’s keep in mind the following…</p>
<p>•	Oil companies PAY the federal and state governments for the privilege of drilling offshore.  That’s money going into the tax base that YOU don’t have to pay.  The government uses those funds to build schools, roads and hospitals.<br />
•	Offshore drilling creates a huge number of high paying blue collar and white collar jobs.  So YOU don’t have to pay for their unemployment benefits and they pay income taxes that eventually benefit you.  Those same folks will be spending lots of money and buying lots of homes shore side.<br />
•	Economics 101 indicates that more supply = lower prices for the oil and natural gas that offshore drilling produces.<br />
•	More supply sourced domestically helps to insure that we have a more stable source of supply. This lowers the risk of being “cut off” by others.  For the oil and gas market, this then psychologically serves to reduce the price of oil and gas and such will be reflected in how the commodity is priced.<br />
•	Offshore drilling is proven safe and clean.  Probably much safer than the oil tankers that cruise in and out of the nations harbors daily.</p>
<p>So it’s no skin off your nose if the oil companies want to drill for oil. In fact, it benefits you directly and indirectly.  It’s time that we get behind this for the good of the nation and the economy.</p>
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		<title>By: Carol</title>
		<link>http://inspiredeconomist.com/2009/02/28/to-drill-or-not-to-drill/comment-page-1/#comment-37939</link>
		<dc:creator>Carol</dc:creator>
		<pubDate>Sun, 01 Mar 2009 14:08:00 +0000</pubDate>
		<guid isPermaLink="false">http://inspiredeconomist.com/?p=1266#comment-37939</guid>
		<description>Folks – let’s keep in mind the following…

•	Oil companies PAY the federal and state governments for the privilege of drilling offshore.  That’s money going into the tax base that YOU don’t have to pay.  The government uses those funds to build schools, roads and hospitals. 
•	Offshore drilling creates a huge number of high paying blue collar and white collar jobs.  So YOU don’t have to pay for their unemployment benefits and they pay income taxes that eventually benefit you.  Those same folks will be spending lots of money and buying lots of homes shore side.
•	Economics 101 indicates that more supply = lower prices for the oil and natural gas that offshore drilling produces.  
•	More supply sourced domestically helps to insure that we have a more stable source of supply. This lowers the risk of being “cut off” by others.  For the oil and gas market, this then psychologically serves to reduce the price of oil and gas and such will be reflected in how the commodity is priced. 
•	Offshore drilling is proven safe and clean.  Probably much safer than the oil tankers that cruise in and out of the nations harbors daily.

So it’s no skin off your nose if the oil companies want to drill for oil. In fact, it benefits you directly and indirectly.  It’s time that we get behind this for the good of the nation and the economy.</description>
		<content:encoded><![CDATA[<p>Folks – let’s keep in mind the following…</p>
<p>•	Oil companies PAY the federal and state governments for the privilege of drilling offshore.  That’s money going into the tax base that YOU don’t have to pay.  The government uses those funds to build schools, roads and hospitals.<br />
•	Offshore drilling creates a huge number of high paying blue collar and white collar jobs.  So YOU don’t have to pay for their unemployment benefits and they pay income taxes that eventually benefit you.  Those same folks will be spending lots of money and buying lots of homes shore side.<br />
•	Economics 101 indicates that more supply = lower prices for the oil and natural gas that offshore drilling produces.<br />
•	More supply sourced domestically helps to insure that we have a more stable source of supply. This lowers the risk of being “cut off” by others.  For the oil and gas market, this then psychologically serves to reduce the price of oil and gas and such will be reflected in how the commodity is priced.<br />
•	Offshore drilling is proven safe and clean.  Probably much safer than the oil tankers that cruise in and out of the nations harbors daily.</p>
<p>So it’s no skin off your nose if the oil companies want to drill for oil. In fact, it benefits you directly and indirectly.  It’s time that we get behind this for the good of the nation and the economy.</p>
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