Monday, January 12, 2015
The ironies of oil - Victor Davis Hanson
The writer has this exactly right.
Those that were against it, are now benefiting from it.
On a side note, the media had it all wrong, too...
Those that were against it, are now benefiting from it.
On a side note, the media had it all wrong, too...
On the Jewish World Review website, Victor Davis Hanson discusses the favorable consequences expanded oil drilling in the United States:
"Then, finally, oil and gas prices plunged due to the 'drill, baby, drill,' can-do attitude of the private sector. Americans should thank the U.S. oilman -- from the drillers in the field to the engineers behind the scenes -- who did the impossible. They vastly increased the supply of what was supposedly a permanently declining resource, and thereby helped to crash prices.
Oilmen, not the government, returned hundreds of billions of dollars to American consumers. They, not Ivy League experts and Wall Street grandees, kick-started the economy where federal subsidies had failed to. They, not the policies of the Obama administration or the rhetoric of Secretary of State John Kerry, weakened our enemies."
