Developing crude supplies is really only half the battle, though. Without additional refining capacity, without the excessive regulation brought on by the enviro-whackos and various other assorted nut jobs in the bureaucracy and the media, we’ll never fully gain energy independence.
We have the technology to extract, transport and refine these resources safely and efficiently.
Plus, there is no Constitutional authority for the feds to be engaged in this business at ANY level.
Wait until they lose about half the refining capacity up on the East coast, they'll be screaming their bloody heads off.
Bill O'Reilly should have Hugo Chavez on his program. They seem to hold similar views of big oil.
Venezuela is a good example; Chavez took control of PDVSA (and then everything else) to loot and finance social program vote buying. Now PDVSA is crumbling, so he's making deals with China (with terrible conditions placed on Venezuela long term).