Doh!

Instead of confronting the massive energy crisis that is rapidly overtaking America’s economy generally, and the consumer, specifically, the Bush administration and Congress copped out on facing an energy problem that’s been getting progressively worse. The administration and Congress felt coerced to come up with a bill that would show action, even though this initiative is hardly a “Manhattan Project.” An equivalent to this World War II atomic bomb development would have recognized America’s increasing dependency on foreign hydrocarbon production, while China and other emerging economies are grabbing an ever-increasing piece of a consistently shrinking pie…

If America’s economic future were to be considered at stake by the government, a no-holds barred bill would have featured the development of oil shale in the Rocky Mountains, tapping of huge Mountain States underground natural gas pools, and drilling in the “sacred” offshore areas off the coasts of Florida and California. The Canadian tar sands project has leapfrogged popular inhibitions, and is now producing in excess of 1 million barrels a day, and growing.

Link

Related Leave a Comment