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July 31, 2008
Morning Buzz: reality check
Posted: 08:06 AM ET
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Giant wind turbines are powered by strong prevailing winds near Palm Springs, California.
Giant wind turbines are powered by strong prevailing winds near Palm Springs, California.

Barclay Palmer
AC360° Senior Producer

Good morning!!

How about a little reality check on the issue that Americans say concerns them most: the economy. And let's drill down to its core: energy.

Everybody's talking energy - President Bush is pushing Congress to act before it goes on vacation, each presidential candidate talks about it every day...

Why, even Al Gore and T. Boone Pickens are weighing in with urgent calls to develop independent, sustainable forms of energy... like Pickens' proposal to quickly build windmills fields and let the clean wind power us, rather than burn up the rest of the fossile fuel so quickly...

So... what about that?

Why don't we quickly build windmill fields on federal land - since everyone's calling this an urgent national security issue.

And why aren't the candidates and the President and the Congress even talking about that? A quick executive order - citing a national emergency - followed by a quick Congressional appropriation could get construction going before the end of the year.

Opening up offshore drilling, by contrast, wouldn't increase actual oil supply for years, although advocates argue it would have a valuable psychological effect on markets and bring down oil prices.

Maybe.

But why not get some actual results more quickly - and get some cleaner energy and sustainability along with it?

Why not?

If you're a committed offshore drilling advocate because you think it'll drive down prices in the near term, why not add this kind of option to have an even greater psychological effect? It doesn't have to be either/or. And political finger-pointing over offshore drilling ain't gonna get us new energy right away anyhow.

If energy is an urgent matter of national security, we need a call to arms, right?

So why aren't the President, the Congress and the candidates making an urgent call for these kind of measures - in addition to their other proposals?

Maybe this is why none of them are wildly popular among the public, as polls show, with Congress's popularity ratings in the low 20s, President Bush's only a little above that, and neither presidential candidate cracking 50%.

Hello. Warning signs.

16 Comments
More about: Barclay Palmer •  The Buzz
16 Comments
deborah, OH   July 31st, 2008 9:16 am ET

Good morning, Barclay.

No truer words were ever spoken! Thank you for writing.

Have a good day all.

deborah, OH   July 31st, 2008 9:18 am ET

p.s. ACTUALLY, the words are written, but, my chemo brain is not functioning yet! lol. Thanks, again, & a good day to all.

Cindy   July 31st, 2008 9:33 am ET

Morning Barclay,

I think that we need to work on all forms of sustainable energy, rather it be offshore drilling, windmills, nuclear, solar power, or whatever. None of them will actually do anything for us right now. They all have to be planned, worked out and then built which will take years. So no one is really any better than the other as far as getting fast results. We need to go down every avenue that we can to become self reliant and not have to deal with these other countries to sustain us.

Cindy...Ga.

Michelle Fonthill Ont,Canada   July 31st, 2008 9:47 am ET

Good Morning Barclay and everyone at 360
The persential canditates don't want to dicuss this growing energy
crisis because all of them are int hte pockets of corperations and would loose money and rights to oil . This is a disgrace .
Thank Cnn and at 360 for digging deeper and raising these important issue as we work overtime at keeping them all honest !!

Michelle D.

Jason   July 31st, 2008 10:31 am ET

I totally agree with you about developing alternatives for the future, and I'm a huge fan of offshore drilling. Many people say that offshore drilling will not effect near-term prices because it will take years for the oil to make it to consumers. However, what everyone needs to understand is that the markets (commodities, stocks) are forward looking and prices of commodities and stocks reflect future supply and demand, which is why prices for oil are so high. Currently, there is enough oil to supply the world's needs, but the investors/traders know that at some point in the future there will not be enough, and that is why oil prices are so high. Yes, we definitely need alternatives, but drilling offshore, and in ANWR, will lower today's oil prices without a doubt. If the oil traders see more oil coming to market, they will drive the prices of oil down. No, it's not the answer to all of our energy problems, but it will definitely help the American consumer in the near term.

Betty Ann, Nacogdoches,TX   July 31st, 2008 11:35 am ET

Hey Barclay!
We should have already had alternatives to oil a long time ago. So, now we are desperate and want to drill in our own backyard.
Disgusting!
The oil people are GREEDY and don't want the zillions of dollars to quit rolling in.
Everytime I fill up my car I feel like I am making a contribution to radical Jihadist or Bush and Cheeney.
No, we should not drill more but find alternatives, alternatives, alternatives!
We do have some choices after all. The "Pickens" are not slim. ;-)
Thanks!

Tim McGuire   July 31st, 2008 11:49 am ET

Why won't anyone interviewing those pushing to open up offshore drilling for oil and opening ANWR for oil drilling / exploration... why won't anyone at CNN ask them how that stand gels with the just as urgent problem of global warming / climate change. The continued use of Fossil fuels and global warming are undeniably linked. Do those who are pushing for more drilling and exploration of fossil fuels denying that global warming / climate change is a problem.

Come on CNN. Someone go a little deeper. keep on keeping them honest!!

NateSC   July 31st, 2008 12:12 pm ET

Barclay thank you people need to know that drilling will not solve our problem. We need to stop putting bandaids on the issue and hoping it will resolve itself.

james r butteri   July 31st, 2008 12:18 pm ET

i would make love to jenna bush-thats how much i love the president-but for him to take away much needed resource from the energy department-and give it-in the form-of legislation and money-to the mortgage crisis convict(s) -it is political suicide-
imbecile
money grubbing
moronic
shiloh
charlatan(s)
demoniac(s)
human waste

Signed James Butteri

Larry   July 31st, 2008 1:24 pm ET

The Gov. of Alaska wants ANWR drilling, apparently Alaskans have the highest pump prices. However, this will kill off the polar bear, so no drilling there.

Jan from Wood Dale IL   July 31st, 2008 2:45 pm ET

According to the Energy Information Administration, in 2008 the US is projected to consume 20.29 million barrels per day of petroleum, but we only produce 5.14 million barrels per day. That means approximately 75 percent of our oil supply comes from OPEC countries. They project about the same for 2009.

With global supply uncertainties, combined with significant demand growth in China, the average cost of $127 per barrel in 2008 is projected to average $133 per barrel in 2009.

Since both of our presidential candidates have boasted about their abilities to work with those "across the aisle", maybe they should get together now to work out the best plan for the American people. Then it would be up to both of them to convince the Congressional members of their respective parties to move into action now.

I realize this is unlikely to happen, but I'm tired of both political parties putting their interests ahead of the taxpayers best interest.

Greg , San Berdo, Ca   July 31st, 2008 3:49 pm ET

Why is the media not getting more involved? Instead of sound bites why isn't the media pursuing debates asking;
Why are the oil companies not using the 26 million acres they have?
Why not pass a bill regulating futures trading?
Why is American oil being exported?

Congress seems to have forgotten when Newt shutdown the government under Clinton. Reid, Pelosi and McConnell need to revisit what happened to congress after that mess..

Thanks
Greg, San Berdo, Ca

Graham   July 31st, 2008 4:42 pm ET

First off, there a thousand and one ways to save, conserve, and create energy. It's just that people don't don't know about all of them.
I'm fine with drilling for more oil, wherever it is, but we could do things much cleaner and more cost effective without giving any more of our money to oil companies. We had electric cars years ago but they recalled and destroyed them becasue it cost the consumer less money when they didn't have to fill it up with gas. More windmills in the rights areas, more hydro power(which can be achieved easily by an invention tesla came up with), cheap solar panels on every roof and on office building walls. There are a million more ideas that have to do with compost and even algae that can create fuel for your car that takes up a 1/20 of the space and can be harvested multiple times a year rather than just once.
Just look at all of our inventions and realise that we do not need oil from the middle east or anywhere else! We don't need them!!!!

Shelley, Washington the State   July 31st, 2008 5:17 pm ET

Excellent feedback on this issue. I wonder how long it would take to get some of these windmills up and running? Definitely, I think it is worth a try. Economic relief maybe for Americans by this time next year. Hopefully. I am all for that.

Lisa   July 31st, 2008 6:26 pm ET

Because it's about lobbyists and profits ... and well, think about where members of this administration have gotten most of their money. Even Condi Rice had a Chevron oil tanker named for her.

If oil and energy are the issues, why isn't there urgent orders to start building rigs and refineries and start drilling on already leased land? Why not orders to refurbish some shut down nuclear plants and get them up and running?

No, what this is about is giving additional rights to a relatively small group of companies. What better way to do than with a "national" emergency? (Hmmm, come to think of it, isn't this also how we got into Iraq - using 9/11 as a means to invade Iraq?) And once given, they are near impossible to revoke.

And if even off-shore drilling were given the okay by Congress, what guarantee do we have that whatever oil is found will stay here in the US for our benefit? What guarantee do we have the oil companies will not sell it overseas to the highest bidder?

It's certainly not about what is best for we, the people of the US, but about what is best for the shareholders and BODs of the few oil companies.

Annie Kate   July 31st, 2008 8:05 pm ET

Bush is an oil man – he's never been for the environment and never will; that's one reason nothing is being done right now and the other world powers are exasperated beyond belief because as one of the larger polluters Bush has not agreed as have other countries to a set cutback in emissions.

Other types of power will help us now – if we target it for the power plants that already exist; some places in America are already doing it. Wind farms, solar panel farms, even geothermal energy can be used in placed of coal to power the flow of electricity to our homes and cut back on oil and coal usage now. There are cars already on the market that use less gas – NYC is converting its entire taxi fleet to hybrid cars. Instead of saying it can't be done today we need to look at what some of our cities are doing and what European nations are doing to get started and follow suit. Some things will take more time than others but the ones that are doable now should be done now – it helps lessen the problem for later and that should have a good psychological effect.

Annie Kate
Birmingham AL

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