From The POGO Dept. of "We Has Met The Enemy & They Is Us!"
Robert Samuelson writes at WashingtonPost.com: "It may surprise Americans to discover that the United States is the third-largest oil producer, behind Saudi Arabia and Russia. We could be producing more, but Congress has put large areas of potential supply off-limits. These include the Atlantic and Pacific coasts and parts of Alaska and the Gulf of Mexico. By government estimates, these areas may contain 25 billion to 30 billion barrels of oil (against about 30 billion barrels of proven U.S. reserves today) and 80 trillion cubic feet or more of natural gas (compared with about 200 tcf of proven reserves).What keeps these areas closed are exaggerated environmental fears, strong prejudice against oil companies and sheer stupidity. Americans favor both "energy independence" and cheap fuel. They deplore imports -- who wants to pay foreigners? -- but oppose more production in the United States. Got it? The result is a "no-pain energy agenda that sounds appealing but has no basis in reality," writes Robert Bryce in "Gusher of Lies: The Dangerous Delusions of 'Energy Independence.' "
How true. What idiocy is it to allow other countries to influence our economy by providing us items we already possess?
Here is Samuelson's full story for further enlightenment.
When will we bring common sense to Washington and our hallowed halls?
Duke
posted by Duke of DeLand @ 5/01/2008 09:35:00 AM
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