Anti-Energy Policy
Posted on June 9, 2008
Filed Under Public Policy |
This entire article and interview sums up the schizophrenia that Washington politicians have about energy, the dominant source of which is crude oil and that’s simply not going to change in the next decade. The Democrats in Congress take every opportunity to skewer oil companies for not investing in domestic production and for relying on foreign oil, but then take every possible action to oppose domestic production of oil. It’s maddening because between oil shale and sands, North America has more known oil reserves than Saudi Arabia.
Critics of drilling in ANWR like to point out that production there won’t yield results for another 10 years, yet the debate about drilling in ANWR goes back to 1987, over 20 years now.
Salazar says he’s simply trying to slow things down in order to ensure environmental considerations don’t get trampled in the rush to turn western Colorado into a new Prudhoe Bay. But, ironically, his bid to extend the moratorium comes at a time when his fellow Senate Democrats have been blasting Big Oil for not reinvesting enough of their profits into developing new sources of energy.
[From The politics of oil shale - Jun. 6, 2008]
Comments
-
About
My name is Jeff Nolan and I write Venture Chronicles. These are my thoughts on technology, innovation, management, public policy and pretty much anything else that I find interesting.
-
Links
Get My Feed!
