Gas is $4 a gallon. Oil is $135 a barrel and rising. We import two-thirds of our oil, sending hundreds of billions of dollars to the likes of Russia, Venezuela and Saudi Arabia. And yet we voluntarily prohibit ourselves from even exploring huge domestic reserves of petroleum and natural gas."But even if we started drilling today, we wouldn't realize any savings for at least a decade," they whine. The same whine we've been hearing now for four decades.
At a time when U.S. crude oil production has fallen 40 percent in the past 25 years, 75 billion barrels of oil have been declared off-limits, according to the U.S. Energy Information Administration. That would be enough to replace every barrel of non-North American imports (oil trade with Canada and Mexico is a net economic and national security plus) for 22 years.
That's nearly a quarter-century of energy independence.
Drill here. Drill now. Let them whine.
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Then there's the non-solution to the supply/demand dilemma. Senate candidate Mark Warner's laughably ineffectual proposal relating to tax incentives, making more demands on automakers, and closing speculator loopholes. All of which will find more fuel for a petroleum-starved planet.
Come back to us, Mark, when you're serious about the issue.