Congress = OPEC?
The Bear on Jul 07 2008 at 8:28 am | Filed under: Energy Policy
Energy: What do the Democratic-led Congress and OPEC have in common? Both sit on vast amounts of oil, and are content to leave it in the ground and let prices soar. Fortunately, Americans are catching on.
New polls show that Americans, far from thinking that we can do nothing, want Congress to drill, and drill some more if necessary, to break the energy crisis.
A Pew Research poll out Wednesday found that 47% say exploring and drilling for more oil and building new power plants should be the top priority for U.S. energy policy, up from 35% in February. And 50% now say they favor drilling in ANWR, up from 42%.
That follows a Rasmussen poll in June showing that 67% of Americans support drilling for more oil, and 64% think it will help bring down the price of energy.
President Bush understands this shift.
“We can help alleviate shortages by drilling for oil and gas in our own country, something I’ve been advocating ever since I’ve been the president,” he said Wednesday. “I’ve been reminding our people that we can do so in environmentally friendly ways. And yet the Congress, the Democratically controlled Congress, now has refused to budge. It makes no sense.”
He’s dead right. In fact, Democrats in Congress for nearly two decades have rejected drilling for more oil, …
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