Wednesday, May 28, 2008
Oil - Who to blame
No surprise here.
Same old, same old...
Same old, same old...
Tom Glennon tells us at NewMediaJournal.com:
"It is popular to blame the oil companies, oil cartels, or greedy speculators. But in truth, we are in a bed of our own making. It is not the usual suspects who have passed laws based on bad science, radical environmental lobbies, self interest, political agendas or ignorance of technological advances and free enterprise economics. It is the result of our own government, mainly through the ineptness of Congress. At the risk of sounding glib, the following old saw comes to mind. If the opposite of Pro is Con, what is the opposite of Progress?
One need only look at the energy bill recently passed to confirm my opinion. While this 86.3 billion dollar legislation (including 3.8 billion in pork that has nothing to do with energy) does tell the auto makers how to build cars, tell us that we can’t buy incandescent light bulbs after 2012, and demand that we continue to use 1.25 gallons of gasoline to produce 1 gallon of ethanol (subsidized by us of course); it does not result in one new gallon of gasoline, or one watt of new electricity.
So who is to blame for the 'new' energy crisis we face? Look no further than Washington DC."
