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Title: Drill Here, Drill Now, Pay Less: A Handbook for Slashing Gas Prices and Solving Our Energy Crisis
ISBN: 1596985763
Author:
Newt Gingrich
Vince Haley
Publicate Date: 2008-09-23
Publish: 2008-09-23
List Price: $14.95
Average Customer Rating: 4.5
Format: Paperback
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Amazon Lowest New Price: $8.00
Amazon Lowest Used Price: $8.00
Amazon Merchant Price: $10.17
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| Customer Review: |
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1: Drill here drill now pay less
An excellent read of a current event affecting us all. A real eye opener into the world of oil.
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2: This should be on the required reading list...
This should be on the required reading list of every freshman for college AND high school, AND those intelligent enough to walk into a bookstore.
It was full of so much common sense it just made me want to go "Duh!".
The only question it didn't answer was "Why are Americans being lied to?" - And this was because it was designed to be a handbook on how to solve serious problems and NOT political commentary
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3: Biased and somewhat ignorant
Drill Here Drill Now is convincing in many respects yet carries the air of willful ignorance about certain key facts of the oil market that send nearly all of its premises crashing to the ground.
First of all, the recent rise in oil prices was not in any way caused by a lack of domestic supply, or even world supply. To suggest that a five-fold increase in price was a direct market response to supply-demand imbalance when both the supply and demand have not dramatically changed in recent years is a ridiculous argument. Now that oil prices are plummeting, are we then to believe that world supply has suddenly doubled or tripled, or demand has been cut by half? Of course not. As recent events prove beyond any doubting now, the recent spike in oil prices was a speculative bubble. Long term supply concerns remain, of course, with peak oil virtually inevitable in the next couple of decades. But the recent price spike was pure speculation enabled by deregulation of the oil futures markets, and that reality is not explored adequately in this book. Since the 2003 deregulation, prices are now driven by futures contract speculation and not by the simply suppy-demand model.
Secondly, if we were to "drill here, drill now," in ANWR and up and down all of our coasts, substantially increasing domestic supply even, does Mr. Gingrich posit any reason at all, even one, that would prevent OPEC from notching back production modestly to account for an increased U.S. supply, thereby immediately and easily canceling any price benefit? No, of course he doesn't, because there is no reason. OPEC controls the world supply, not the U.S. no matter how much we drill. If oil is at $100/barrel, drilling in ANWR would only mean that the oil drilled there would be worth $100/barrel on the world market. And is Mr. Gingrich naive enough to think that the oil companies would sell that oil at a discount to American consumers, just because we have freckly-faced kids and pink flamingoes on our lawns?
Our greatest leverage lies in the fact that we control the world demand for oil, not the supply. But taking that power and manipulating world demand to bring down prices is a green approach that is cultural anathema to the intended readership of this book. This book is a book written by and for neocons who don't know much about how the world oil markets work, and the complex interplay of global and domestic supply and demand. If you like Sean Hannity and Rush Limbaugh, this book will competently confirm the notions that you already believe about how oil markets work, without challenging what you didn't know that you don't know.
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4: Great Read
Very Infomative from the history of what has happened, where we are now, and where we need to go. I would recommend this book.
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5: Newt hits another Homerun!
Absolutely a grand slam book. Newt is probably the top leading authority on conservative principles. He offers practicle policies to impliment for our nation to become energy independant. It is a refreshing read instead of all of the whining and complaining that we hear from so many other sources in mainstream news.
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