OIL

OIL DRILLING

I believe that the Bahamian government and people should be more open to the idea of oil drilling in the Bahamas. The Bahamas Petroleum or BPC believe that there is oil in the great Bahama bank. We need to take the opportunity while it is here because we may never get the chance to drill again. Oil drilling could renew the Bahamian economy and make us one of the richest countries in the world. The Bahamas has debt that’s piled up and it is only growing. Government borrowings rose to 53 percent of gross domestic product last year from 32 percent in 2007. This shows the seriousness of the debt problem in the Bahamas. . The government is soon going to make us pay 10 to 15% VAT on everything we buy and work for. Do you want everything to get 10 to 15% more expensive? We could stop this by allowing oil drilling in the Bahamas .The oil drilling in the U.A.E has made the one of the richest countries in the world. They have built the tallest building in the world and an entire chain of islands off the shore of Dubai. Imagine what we could do with this new found wealth. Maybe we could fix the roads, improve our infrastructure, or make gas cheaper. We NEED change from our weakening tourism based economy to more stable oil based economy.