American oil can really be brought to market in just a few years.

The only reason it takes ten years to bring new oil fields to the market is environmentalist lawsuits and government bureaucracy. If we actually treated this as a national emergency we could bring new American oil to the market in one or two years. So everyone sick of these high oil prices needs to tell congress to get it done. Environmental concerns were waved in the building of the boarder fence in the interest of national security and so can it be in the drilling of new oil fields.

T. Boone Pickens is making a big national campaign to convince people that windmills are the answer. They are not. You have to have backup generation for windmills for when the wind is not blowing. That adds huge costs of duplication of generation. You also have to manufacture the windmills and build a power distribution system. That will take at least ten years before there is any major impact on energy. Also the natural gas they claim will be saved will never be used to power motor vehicles. That is simply a pipe dream.

So tell congress to drill here and drill now and to make it a national security issue so the environmentalists cannot tie up the drilling in court for years. Also tell congress to get the government to get their oil leases out on a more timely schedule. It is also interesting that this article claims that newer estimates put U.S. oil reserves at 350 billion barrels not even counting shale and oil sand deposits. That makes the reserves approach that of Saudi Arabia. When you count shale and oil sand deposits and coal we have trillions of barrels of oil. We have enough oil for the worlds needs for a thousand years and this oil is recoverable at less than $50 a barrel. So who needs ugly expensive windmills all over the landscape? Drill here drill now!

Investor’s Business Daily: Does It Have To Take A Decade To Bring New Crude To Market?

In areas where the bureaucratic hurdles are over and lawsuits are absent, oil has been drilled and brought to the market in as little as one or two years. Louisiana’s offshore areas are an example.

California’s 10 billion barrels in offshore oil could be brought to market in as little as a year “if the moratorium were lifted,” according to a recent Sanford C. Bernstein report said, citing that the oil is under shallow water and drilling platforms already exist.

To be sure, oil won’t be flowing tomorrow even if all drilling restrictions were lifted.

That doesn’t mean it won’t impact prices.

Oil prices are influenced by futures markets — where people buy and sell future supplies of oil. Futures prices are now higher than spot prices, a signal that supply is tight.

If we have the will to drill, we can break the negative market psychology and send oil tumbling back below $100 a barrel.