Tuesday, February 10, 2009

Obama Setting Us Up For $5 Gas

Now with gas prices down near $2, the United States should be attempting to twist the knife on our enemies in Venezuela, Russia, and Iran. Instead, we are allowing the same old policies continue, i.e., the opposite of change. The government may overturn President Bush's allowance of oil drilling off the coasts of the United States.

While this drilling would not end our dependence on foreign oil, it would definitely take a big bite out of it. And to use this time, the time of a recession, to squash jobs-producing work which would stimulate the economy is the wrong sign.

We could continue the drilling, and give tax credits for the drilling of natural gas. We could fund coal-to-oil synthetic fuel plants and have the offshore rigs be powered by solar panels. But we have to do something. Sitting around blaming Bush for doing something good is not only stupid, but counterproductive.

The Bush proposal "opened the possibility of oil and gas leases along the entire Eastern seaboard, portions of offshore California and the far eastern Gulf of Mexico with almost no consultation from states, industry or community input," Salazar said at a news conference in Washington. "In my view it was a headlong rush of the worst kind."

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