Including the Democrats’ refusal to drill for oil in the US. (FOX News)
From another story, Bush said "I've repeatedly submitted proposals to help address these problems, yet time after time Congress chose to block them." (Reuters)
From Robert Samuelson: 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 25-30 billion barrels of oil (against about 30 billion 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. (Real Clear Politics)
From Investor’s Business Daily: The media won't call either the House or the Senate on its failures, for one very obvious reason: They mostly share an ideology with the Democrats that keeps them from understanding how free markets and supply and demand really work. Sad, but true. So we were happy to hear the president do the job, calling out Congress for its inaction and ignorance in his wide-ranging press conference Tuesday. (IBD)
No comments:
Post a Comment