Name:
Location: Pantego, Texas, United States

Friday, June 20, 2008

I listened to Nancy Skinner spin about Barack Obama's policy on oil drilling, and she was lame. She says Barack doesn't want to contiue the "same old failed policies of George Bush." I wonder what policy she is talking about since we clearly have not been drilling. She says that drilling is deceptive becasue it will take years to have an impact. (I think people know that, but they also know that if we don't start now we won't have oil enough oil in a few years.) Obama wants to spend the money on "green renewable energy" that will create a lot of jobs for Americans. I have three problems with that statement: first, drilling will create a lot of jobs for Americans, second, what "green renewable energy" is Obama talking about? He needs to be specific. Is it electric cars? Is it hydrogen fuel cells? Governments have not been good at selecting winners and losers in the marketplace. And third, it will take a long time for any of the wonderful green technologies to make it to the marketplace, so that won't have any near-term effect on gasoline prices. She says Obama wants to use the money required for drilling applied to green technology. The money for drilling would come from oil company profits. Apparently Obama plans on taking the money from oil compamies with his ill-conceived excessive profits tax.

0 Comments:

Post a Comment

<< Home