If, via executive order by reason of National Security, the President announced tomorrow a national initiaitve to drill in ANWR, drill of the Gulf Coast, drill off the Pacific Coast, immediatley clear regularoty issues for producing form the Oil shale in the Rocky Mountains, and to build a minimum of ten new refiners (including for heavy cude) and ten new nuclear power plants in the next 5-10 years...
Opec would immediately and drastically lower their price to try and get in front of that and make it economically unfeasable. We might well see prices below $2.00 within a few months as a result.
Our answer would be to take their lower prices and then proceed forward anyway.
THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA
For a long time I can’t figure out why President Bush doesn’t do this. If Clinton can rope off millions of acres of prime coal property in Utah (”stroke of the pen, sign into law...pretty cool”) - why can’t Bush do the opposite with ANWR and elsewhere?