Friday, August 1, 2008

The case for offshore oil drilling

We've talked about this a lot here--about what principles conservatives should espouse on energy, about increasing fuel production, about making fun of Nancy Pelosi for opposing conservative policies. Today, Charles Krauthammer shows that, furthermore, a case can be made for offshore drilling BOTH on the grounds that it will increase fuel production, AND on environmental grounds:

"Consider: 25 years ago, nearly 60 percent of U.S. petroleum was produced domestically. Today it's 25 percent. From its peak in 1970, U.S. production has declined a staggering 47 percent. The world consumes 86 million barrels a day; the United States, roughly 20 million. We need the stuff to run our cars and planes and economy....The United States has the highest technology to ensure the safest drilling. Today, directional drilling -- essentially drilling down, then sideways -- allows access to oil that in 1970 would have required a surface footprint more than three times as large. Additionally, the U.S. has one of the most extensive and least corrupt regulatory systems on the planet. Does Pelosi imagine that with so much of America declared off-limits, the planet is less injured as drilling shifts to Kazakhstan and Venezuela and Equatorial Guinea? That Russia will be more environmentally scrupulous than we in drilling in its Arctic? The net environmental effect of Pelosi's no-drilling willfulness is negative. Outsourcing U.S. oil production does nothing to lessen worldwide environmental despoliation. It simply exports it to more corrupt, less efficient, more unstable parts of the world -- thereby increasing net planetary damage."

Read the whole thing.