Friday, March 16, 2012

Charles on Oil

Charles Krauthammer sums up the oil situation:

Obama boasts that on his watch, production is up and imports down. True, but truly deceptive. These increases have occurred in spite of his restrictive policies. They are the result of Clinton- and Bush-era permitting. This has been accompanied by a gold rush of natural-gas production resulting from new fracking technology that has nothing at all to do with Obama.

It drove me nuts to hear Obama boast about oil production being up on his watch. Yeah, only because Bush approved leases that became productive after he left office.

Another thing - if increased production won't help ease prices, why on earth would releasing from the Strategic oil reserve ease them? In fact, we have a huge pool of available oil if he would just let us drill. And a pipeline that everyone except him wants built... Read the whole thing.