Historian Victor Davis Hanson Said…

Posted: March 27, 2011 in Political Stuff
Tags: , , ,

“Now gasoline costs more than $4 a gallon in many places in California, and averages more than $3.50 nationwide. In response, the Obama administration is reportedly considering tapping into the nation’s Strategic Petroleum Reserve to increase supplies and drive down high prices brought on by a recovering world economy and unrest in the oil-rich Middle East. Yet the reserve depot was not designed to alleviate periodic gas-price spikes, but to ensure our very survival during a global catastrophe that might result in a cutoff of most petroleum imports from overseas. There are now more than 700 million barrels of stored oil in the reserve. In times of near-Armageddon, even that huge supply would provide for all of the nation’s oil needs for only a single month. It would make up for all imported oil cutoffs for only two months. So how is it wise to tap this critical but finite reserve — especially when the current administration had prohibited new oil and gas production in large parts of the Gulf of Mexico and the western United States? The administration certainly will not reconsider new drilling in oil-rich areas in Alaska or elsewhere off the American coasts. The message to Americans seems to be that it is OK to consume old oil stockpiled by previous generations (the reserve was begun in 1975), but quite wrong to drill for new oil to be used by the present generation.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s