Overnight Open Thread | Main | Top Headline Comments 4-1-10
March 31, 2010

Why Pretend to Open Up Domestic Oil Exploration?

To find someone else to blame (hint: ChevronTexaco, et.al) for the increase in gasoline prices while the crushing economy and job market hammers Americans.

Short version if you don't feel like listening to it: Obama makes a meaningless announcement while the other wheels of obstruction to domestic energy production gear up to prevent any new production. Who has standing to sue and prevent the actual production? Every damned environmental organization that has been suing to shut down production and refinement for the last 30 years, that's who.

Here's a little arithmetic reminder from some of my past posts on the topic, the price of oil is approximately 55% of the price of a gallon of gasoline. Most other costs, delivery, refinement, marketing and distribution, are pretty much fixed.

This announcement from Obama is worth exactly what his promise not to raise taxes on the middle class is worth.


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posted by Dave In Texas at 11:18 PM

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