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Location: Pantego, Texas, United States

Friday, March 13, 2009

Democrats have long wanted to stop drilling for oil and gas in the United States, and not just on Federal property but everywhere. Now with Obama in the White House and control of both houses of Congress, they are ready to make their move. They are using tax law to drive the drillers to leave the US, and move operations to other countries. The result of their actions will be to make the US even more dependent on foreign oil, and to reduce employment in the US. The lack of domestic oil supply will be a disaster for the US should a war between Iran and Israel break out, something that I think the policies of the Obama Administration make more likely. This Business Week article discusses the situation with US oil and gas drilling..

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