Sunday, February 26, 2012

Obama: "We're Not Going To Drill Ourselves Out Of This Problem

Last Thursday, in President Obama's address on energy, he repeated a familiar refrain of almost all Democrats when it comes to high gasoline prices and calls for increased drilling: "We're Not Going To Drill Ourselves Out Of This Problem". In that same speech, he tried to take credit for the fact that our dependency of foreign oil has been reduce through -- yes, that's right -- increased drilling.

Back in 2006, the then-Senator Obama from Illinois, wrote this in his book The Audacity of Hope: "We cannot drill our way out of our addiction to oil." Yet, since then, U.S. oil supplies have never been greater. All thanks to new and deeper oil finds and major advances in drilling techniques. Not, because of our government. Because of persistent exploration by the oil companies. Now, we actually may have enough reserves to last us through the beginning of the next century. If Obama would allow those companies to drill.

Over 40 years ago, during the OPEC Oil Embargo, the Democrat-controlled Congress under President Carter, trotted out a bunch of hand-picked, environmentally friendly experts who said we would run out of oil in 40 years. But, now, more than 40 years later, with more than a tripling of the world's automobiles, we still seem to have enough oil in the world.

This "we can't drill our way out" is a tactic that is used, over-and-over again, by the Democrats to delay bringing any new sources of oil into the marketplace. It is driven by their all too cozy association with the environmental movement. Sadly, every time they win using that slogan, it's the working poor and the middle class who suffer as a result of higher gasoline prices. A problem that the Democrats never seem to understand.

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