Oil Exploration
Posted at 7:04pm on Jun. 21, 2008 Our Insane Energy Policy
By Pejman Yousefzadeh
Two posts illustrate the insanity; one here and another here. And yes, this qualifies--they tell us, after all, that insanity is doing the same thing over and over and expecting a different result each time.
Posted at 3:09pm on Jun. 19, 2008 Good News All Around
By Pejman Yousefzadeh
Western oil companies are going back to Iraq. This will enable (1) the creation of Iraqi jobs, (2) increased oil supplies that will help bring down the price of oil over time, (3) increased oil revenues for Iraq and (4) greater confidence and increased attention on the fact that the domestic situation in Iraq has improved considerably.
I am sure that someone will find a reason to be upset about all of this--likely arguing anew that any strategic or economic value that comes from this indisputably positive development will somehow sully us all and ensure that we do not have clean hands. While this is a Pavlovian response to stories such as these, there is no reason to take such killjoy behavior seriously. I, for one, am glad that people who scream "ick!" every time a strategic or economic benefit rears its head are not in charge of setting policy at an executive level.
At least not yet, anyway.
Posted in Foreign Affairs | Iraq | Oil Exploration — Comments (3)/ Email this page » / Read More »
Posted at 2:32am on Jun. 16, 2008 "Drill, Drill, Drill"
By Pejman Yousefzadeh
Via the Baseball Crank, we have this article by Newt Gingrich on how Norway has become a leader in offshore drilling--thus helping it to avoid the energy crisis so many Americans are worrying about and this article by Larry Kudlow indicating a strong willingness on the part of the American electorate to having increased drilling. Note the following passage from the Kudlow article:
. . . Recent polling data from Gallup show the percentage of voters blaming oil companies for skyrocketing gasoline prices has dropped from 34 percent to 20 percent over the past year. At the same time, support for more drilling in U.S. coastal and wilderness areas has increased to 57 percent from 41 percent.
This indicates a level of policy sophistication that is, alas, all too absent from our political leadership class.
Posted in Energy | Oil Exploration — Comments (9)/ Email this page » / Read More »
