The Oilman Mantra
In the July 12,2008 President G.W. Bush, using the current energy price surge as an excuse, called on Congress to to take four steps to open up more oil and gas exploration as a means of dealing with the energy situation in America today. In his first point Mr. Bush stated that," For the sake of our economy and American consumers, Congress must move quickly to expand exploration". Even if more exploration was approved right this second, it would have absolutely no effect on the price of energy and it would not do anything to change the direction of the energy policy of this Country. Exploration and development of new sources of Fossil Fuels will take years to reach the market place, therefore "new"oil wells will not alleviate the current energy crisis in any way. But the real question is, why is the President not calling on Congress to enact and fully fund a program that will put America on a path towards independence from Fossil Fuels. Just as Brazil was able to...