One of the reasons for the economic slowdown was the sudden increase in the cost of energy. Many Americans were living on the edge of paying their mortgages, and had the cost of energy remained constant, they probably could have made ends meet. When the cost of going to work doubled, that changed the equation, and the house of cards began to fall. The delay in going after our own natural energy has been part of the whole economic problem. When the Democrats seemed to be willing to let the ban on offshore drilling expire, there was a ray of hope (watch for the environmental lawsuits–they will slow the process down, but hopefully not derail it).
To me, the following scenario is a violation of the public trust and should be disciplined in some way.
We read at Hot Air that–
This comes as both a stunning and ridiculous development; Americans are still coping with high energy prices and coming to grips with a plan to bailout Wall Street, and Senator Reid is denying access to potentially one of America’s most abundant energy reserves. Just how much energy you ask?
Dr. Daniel Fine of MIT reported that 750 billion barrels worth of oil shale have been discovered in Colorado alone. That amount is enough to potentially power the U.S. economy for many decades. Furthermore, if full-scale production begins within five years, the U.S. could completely end its dependence on OPEC by 2020…
In essence, Senator Reid is stripping the decision rights away from his colleagues in other states.
Here’s a fact sheet from Gingrich’s American Solutions group noting that America’s oil shale deposits are fully three times the size of Saudi Arabia’s proven oil reserves, and here’s the contact information for all 100 senators. Go rattle some cages. Exit question: How about a hastily arranged presser for the Barracuda to stress her outrageous outrage at this development?
Update: A reader e-mailed Reid’s spokesman for comment and got this reply. I’m not kidding about rattling cages.
There is a possibility the Senate will be asked to vote on reestablishing the moratorium on oil shale extraction. Although Senate Democrats support measures to increase this nation’s energy supply, oil shale extraction has not been proven to be economically viable, will produce more greenhouse gases, and will significantly decrease the West’s water supply.”