Saturday, May 10, 2008

Fairytale Tellers....,

Ollie North in Townhall.com about Sen. Kay Bailey Hutchinson's Domestic Energy Production Act of 2008. You almost want to feel sorry for these people, and you have to feel sorry for the people who believe them;
While Washington's political elites in both parties have debated and dithered, the price of crude oil has risen to $123 per barrel -- nearly double what it was at this time last year. The average cost of a gallon of gas at the pump is approaching $4 per gallon. Some analysts now are predicting that the price of a barrel of oil could approach $200 in the next two years -- and that gasoline could be $6 a gallon. An equal amount of diesel may cost truckers as much as $7.50.[...]The newest oil refinery in the United States was built by Marathon in Garyville, La., in 1976. Since then, every effort to construct new facilities has been thwarted by protests and lawsuits from "environmental" groups and government red tape. It has been 12 years since the last nuclear reactor came on line to generate electrical power in the United States.

Time and money are wasting. Sen. Kay Bailey Hutchison of Texas has proposed a realistic solution: the Domestic Energy Production Act of 2008. Her bill would permit exploitation of more than a trillion barrels of U.S. territorial oil and nearly 600 trillion cubic feet of natural gas -- more than the combined hydrocarbon reserves of Saudi Arabia, Mexico, Nigeria, Venezuela, Libya and Iran. The measure also would streamline the process for building new refineries and clean, safe nuclear power plants, as well as funding to develop alternative fuels.

But none of that -- and the consequent reduction in energy costs -- ever will benefit American consumers, unless Congress acts. Until they do, we will have to plan on spending our tax refund checks -- and a whole lot more -- at the pump.
Should have heeded the prescient leadership of Pres. James Earl Carter thirty years ago when there was time enough to do something about what's around that signpost up ahead.

Can you even begin to imagine how shocked and awed the folks who believe chindribble like this townhall.com article are going to be when the stuff really hits the fan in earnest?

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