merrie says: California won't drill for the estimated 1.3 billion barrels of recoverable oil off its coast because of bad memories of the Santa Barbara oil spill - in 1969. We won't drill for the estimated 5.6 billion to 16 billion barrels of oil in the moonscape known as the Arctic National Wildlife Refuge (ANWR) because of - the caribou. Our waters may hold 60 trillion untapped cubic feet of natural gas. As in Brazil, these are surely conservative estimates. While Brazilians proudly embrace Petrobras, yelling "We're Going to Be No. 1," the U.S.'s Democratic nominee for president, Barack Obama, promises to impose an "excess profits tax" on American oil producers. You'd think the "national security" nominee, John McCain, would get this. He's clueless - a don't-drill zombie. The Democrats' climate-change bill collapsed last week under the weight of brutal cost realities. Why we are sitting on an ocean of energy but won't drill for it? |
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