DesertFox
07-14-2008, 09:17 PM
Investor's Business Daily
With oil hitting $147, Nancy Pelosi finally admits energy is a problem. But instead of drilling for it, she's cooked up a new drain-the-reserves scheme. It's pure politics at a time of crisis. She ought to resign.
Any leader with an energy record as derelict as Speaker Pelosi's ought to step down. Where she once was just incompetent and irresponsible, she has now — with her latest scheme to fix oil prices — become dangerous.
Despite polls showing Americans in favor of drilling more oil from America's huge untapped supplies, Pelosi won't allow it. She just wants to empty our Strategic Petroleum Reserve for a short-term fix to get through Election Day.
It's an irresponsible suggestion, signaling not only an ignorance of how the economy works but also a willingness to place the nation at risk in the case of emergency.
More (http://www.ibdeditorials.com/IBDArticles.aspx?id=300927847223162)
With oil hitting $147, Nancy Pelosi finally admits energy is a problem. But instead of drilling for it, she's cooked up a new drain-the-reserves scheme. It's pure politics at a time of crisis. She ought to resign.
Any leader with an energy record as derelict as Speaker Pelosi's ought to step down. Where she once was just incompetent and irresponsible, she has now — with her latest scheme to fix oil prices — become dangerous.
Despite polls showing Americans in favor of drilling more oil from America's huge untapped supplies, Pelosi won't allow it. She just wants to empty our Strategic Petroleum Reserve for a short-term fix to get through Election Day.
It's an irresponsible suggestion, signaling not only an ignorance of how the economy works but also a willingness to place the nation at risk in the case of emergency.
More (http://www.ibdeditorials.com/IBDArticles.aspx?id=300927847223162)