All Commentary
Wednesday, March 30, 2011

Obama To Set Goal of One-Third Cut in Oil Imports

“Mr. Obama will propose a mix of measures, none of them new, to help the nation cut down on its thirst for oil. He will point out the nation’s tendency, since the first Arab oil embargo in 1973, to panic when gas prices rise and then fall back into old gas-guzzling habits when they recede. . . .

The administration is not prepared to open new public lands and waters to drilling, officials said, but will use a new set of incentives and penalties to prod industry to develop resources on the lands they already have access to.” (New York Times)

Panic or prices–guess which one the State prefers.

FEE Timely Classic

Let’s Not Be Energy Independent” by David R. Henderson