We read this year that there are enormous reserves of natural gas in the rock of the Permian Basin. This is extractable by a high pressure water technique devised by some small enterprises. This too was a large energy source of which we had not heard.
How Mr. Moore concluded that the continental shelf contains so much oil we don't know.
When one considers that no new refinery has been built in 20 years, no new nuclear power plant has been built in 20+ years, and the environmentalists have been so duplicitous about the effects of drilling in the ANWR, it is inherently reasonable to assume that a vastly distorted picture of our energy reserves is what has been presented.
The sheer demagoguery over high gas prices in the short period of the current run up in prices is similarly instructive. Truth will invariably take a back seat to demagoguery where energy is concerned.
One of the things that--when you hear Hillary Clinton talking about, Why are we facing these high gasoline prices?, one of the things the Republicans should be saying is, look, for 20 years we've been trying to drill oil from Alaska, which is the largest untapped reserve in America. Democrats and some Republicans have consistently blocked that. They have blocked drilling in the outer continental shelf, where we have more oil available than Saudi Arabia has. So if you can't produce oil, guess what, folks? You're going to have higher prices."Misplaced Priorities. Pandering on gas prices, ignoring genocide ." The Journal Editorial Report, 5/1/06 (emphasis added).
~~ Steve Moore
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