We return from our 2 week (or so) blogging sabbatical to advocate for drilling anywhere and everywhere–including ANWR. We also endorse enactment of some sort of carbon tax. However, we would only embrace said tax if it were matched by a concurrent cut in corporate and individual income taxes such that there be no net increase in taxes.
A few notes:
– Technology has improved in the last 20 years (since the coasts were placed off-limits) to the point at which drilling can be done safely and with minimal environmental impact. This is a non-issue.
– We understand that drilling will have no short-run impact on prices. We don’t care. We only hope that the current furor over prices drives policy in a direction we like: towards expanded drilling.
– Though it won’t eliminate the need for importing oil from the middle east, expanded use of domestic oil supplies (including the estimated 1.5-2.6 trillion barrels to be derived from shale-oil) will lessen our dependence on middle eastern oil.
– This issue could be a winner for John McCain. The Rasmussen poll we saw tonight said that 62% of Americans agree that we should drill domestically. Obama may be leaving behind Bill Clinton’s centrist ideals, but he should not forget that Presidential politics are almost always all about the economy. We almost feel sorry for poor global warming fetishists whose green utopia has run headlong into economic reality.
This is one of those few, happy instances when the popular policy is also the right one.
All that remains is for high gas prices to hold long enough to bully Democrats in Congress into passing domestic drilling legislation OR give McCain and congressional Republicans an election-breaking issue come November.
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