With regard to McCain's recent push to lift the ban of offshore oil drilling, I wonder how long it would?

take for offshore oil drilling to decrease the current cost of gas (I'm not an oil economist). Obama said it would take ';the soonest, 5-10 years.'; Is his source--if there is any--right?With regard to McCain's recent push to lift the ban of offshore oil drilling, I wonder how long it would?
It would take five to ten years. However as soon as we state that we will begin drilling, the oil speculators will begin selling their long term options. This will cause the price of oil to plummet almost immediately.With regard to McCain's recent push to lift the ban of offshore oil drilling, I wonder how long it would?
Even if it takes 10 years, that would be fine. If they would have done it in '96 then they'd have the reduction now. My fault with the arguement is how much oil is actually there and how much of a reduction are we talking? Are you really willing to risk the enviromental danger of putting massive oil producers in Hurricane Lane to save 5 cents a gallon?
Probabaly about right. Clinton shot it down around 1995. They were saying the same thing about it as they are now...';it could take 10 years';. Hmmm. We could have had it by now. Forget how long it takes and just do it. Otherwise it will be 2015ish and we will be HAVING to do it while having to wait 10 years after that.
It might take 5 to 10 years. Which is actually better in my opinion than Obama's plan....which may take 10 to 20 years.





Seriously! Think about green energy. It took Brazil almost 25 years to get what they wanted accomplished. True, it worked. But the time in between was hell on earth when it came to energy prices.





I agree that we should persue green energy alternatives. I have no problem with that. Yet, we have so many damn restrictions on what we can do with our own oil, that 3rd world countries are at this very moment taking advantage of us off of Key West.





Green energy? Yes. More drilling? HELL YES!
It would take about 10 years, from what I know. The new refineries would have to be built from scratch and made fully operational, which is a long and expensive process. It would probably take at least 10 years for them to start pumping oil.
I'm not sure how long it will take but I am willing to bet that is less time than it will take to develop alternative fuels, build vehicles that run on these fuels, and get them into the market in a significant way.
News sources all say 10 years.
The guy deserve well earned breaks guys in US please do not elect him.