U.S. Obstinacy Means High Oil's Here to Stay
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The fault in Congress is not the oil companies, it is Congress itself. Just yesterday we saw the Bureau of Land Management issue restricted rules on drilling on government lands. Drilling for natural gas in Wyoming, a major resource, soon stops for small mating animals. It's a political third rail to talk about drilling off coasts for oil .We don't even know if it is there because it isn't worth exploring. Much of Alaska's off-limits. Vital animals.
We're a joke.
Think of it -- every country in the world is trying to find more oil wherever it can be found. Except for us. ...
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