If We Drill in the US, We Don't Get the Oil | 28 comments (28 topical, 0 hidden)
Missing the point (none / 0)
Cenk, this is of course all true.  However it completely misses the entire point.  As long as oil markets are ruled by supply and demand (and the CFTC just confirmed that they are), and the Republicans can paint the Democrats as restricting supply (no matter how small the supply), they will win the issue...Period.  Remember the Republicans are masters of taking simple (and usually false) arguments and turning them into winning issues.  They are doing it again right now and kicking the Democrats ass with it. 

Here would be my strategy.  Introduce a bill that authorized drilling offshore, forces competitive bidding for leases, sends all royalties to renewable energy research and re-authorizes the renewable energy tax credits for at least 10 years.  The Republicans have to vote for it or they'll look like hypocrites and it will eliminate all ammunition to blame Democrat s for energy prices.   

by alphasigmookie on 07/23/2008 02:35:36 PM EST

absolutely right (none / 0)
That last paragraph is an excellent idea.  With our current crop of representatives and senators that means it doesn't have a prayer, but it's exactly what we need.

by bfaul on 07/23/2008 02:47:23 PM EST

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If We Drill in the US, We Don't Get the Oil | 28 comments (28 topical, 0 hidden)