Excerpt of an editorial in the Wall Street Journal:
Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress's recent antics. Members have debated ideas ranging from suing OPEC to the Senate's carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for "price gouging" – everything except expanding domestic energy supplies.
Amid $135 oil, it ought to be an easy, bipartisan victory to lift the political restrictions on energy exploration and production. Record-high fuel costs are hitting consumers and business like a huge tax increase. Yet the U.S. remains one of the only countries in the world that chooses as a matter of policy to lock up its natural resources. The Chinese think we're insane and self-destructive, while the Saudis laugh all the way to the bank.
At present, it is charitable to call Mr. McCain's energy ideas incoherent, and it may cost him the election.
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2 comments:
Locking up our resources now is absolutely absurd. It's like buying a lot in a neighborhood and not building a house until the neighborhood deteriorates. The future will surely hold alternatives to fossil fuel - we should use what we have available now and cut our ties with the middle eastern oil producers.
If you look at John McCain's website http://www.johnmccain.com/Informing/Issues/
by following the link you can see what is missing and that is no definitive energy policy.
This is the number one concern of everyone in the country right now and McCain is turning a blind eye at a time when he should be stepping up to the problem.
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