If someone came to you today and told you the gas station on the corner was selling regular gas for US$3.29 gallon, wouldnâ€™t you consider that a bargain?Â Just a bit over two months ago, We the PEOPLE!! lamented the fact that regular gas had reached $3.29 a gallon.Â You can read that article HERE.
With the price of regular gas in the
This situation is strangely reminiscent of the 1973-1974 Arab oil embargo which shook the western world and made a fragile economy suffering from the remnants of the Vietnam War endure double-digit inflation.Â Those who lived through it remember the gas lines and sporadic wildcat gas rationing by gas station owners.Â The price of a gallon doubled in a year, and the
Nixon made everyone in the
And both the government and private industry promised advances in alternate energy that would guarantee energy independence for the
Fast-forward to 2008:Â Thirty-four years later, Bush and his syndicate of oil-company- friendly administration officials are at the end of a long line of administrations, two of which were democratic and five of which were republican, that failed to deliver on the alternate energy promise.Â
Certainly, technical advances have occurred with ethanol, solar and wind power, fuel cells and hydrogen, but not one of them has translated into a solution against the huge importation of foreign oil that occurs daily in the
Instead of pushing the envelope on alternate energy, the Bush administration continues to push the envelope on increased oil drilling in places on the continental shelf and in the Alaska National Wildlife Preserve (ANWP) that have been off-limits to the oil companies for many years because of environmental concerns.Â Bush claims that allowing his buddies to drill for oil there will â€œbring enormous benefits to the American Peopleâ€.
This, of course, is spoken by a man who distinguished himself as the owner of an oil company whose sole accomplishment was digging dry holes into the earth.Â Bushâ€™s own Department of Energy refutes his claim, stating that drilling in
But the worst part of all of this is that the oil companies already own leases on an enormous amount of federal land and offshore areas that are not being developed by the oil companies.Â Of the over 90 million acres of federal land and off-shore areas leased by the oil companies, fully 68 million acres is not being developed by them for energy production.Â Put another way, over 75% of the land and off-shore areas leased by oil companies is undeveloped.Â And yet, they want more land and off-shore areas while their friend Bush is still in office (which mercifully ends in seven months).Â You can read more HERE.
And even if the oil companies could somehow explore, drill, refine and distribute more domestic oil, they would only be prolonging their ability to rake in the enormous profits they are making at the expense of research and development into the alternate energy sources this country and the rest of the world desperately need as soon as possible.Â
In 1961 President John F. Kennedy made a
So… how come we still donâ€™t have mass-produced fuel cells powering our vehicles and warming/cooling our homes and factories?Â How come we donâ€™t have wind-turbines and solar panels on every home in
Most importantly, how come the oil companies want more acreage when theyâ€™re not developing three quarters of what they already have?
Because guys like Bush (and now McCain) believe that drilling is good for us.Â Kind of like when he was a