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“ Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a month-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.”

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Quoting NRO:“Unfortunately, what’s being sold as a bipartisan, ‘best-of-all-worlds’ energy compromise — the so-called ‘Gang-of-10’ (now, ‘Gang-of-16’) bill in the Senate — deserves ridicule, not celebration.”
We can and must do better than this!
“People who believe that the government should make all decisions about what kind of energy is produced, how that energy is used, and how much energy is consumed will of course be thrilled with a bill like this (unless, of course, their favorite fuel is left without a large and expansive spot at the federal trough). People who doubt the government’s ability to run whole industrial sectors, on the other hand, should be horrified at this advertised ‘New Era’ energy bill.”
This bill does not go nearly far enough in opening areas where energy production is currently not allowed. The “domestic only” clause is utterly counterproductive. And, ALL of the $84 BILLION in subsidies needs to be eliminated! If you need just one of many reasons why, click here.
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Quoting CNBC (be sure to click the link and view the associated video):
“ A congressional subcommittee struck down an important bill, which could have opened up reserves [in the Outer Continental Shelf] worth billions of barrels of oil and trillions of cubic feet of natural gas, on Wednesday [6/11/08].”
