Wednesday, January 19, 2011

The Tab Comes Due in 2011

Victor Davis Hanson "But harsh realities have intervened. While the Obama administration was making it far harder to develop oil and gas on government-owned Western lands, and hampering offshore drilling in the eastern Gulf of Mexico and along the Pacific and Atlantic coasts, the world economy was recovering — and with it, energy demands were increasing. As oil now approaches $100 a barrel, gas is already over $3 a gallon and headed still higher. It may have been two years since the beleaguered motoring public embraced the chant "drill, baby, drill," but when voters begin paying nearly $4 a gallon in 2011, they will want far more oil production and far fewer pie-in-the-sky green speeches."

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