Back to the 70’s

August 4, 2008 by Jeff
Filed under: Economy, Money, Politics 

Everything old is new again or here we go again… Back to the 70’s. Every time I listen to democrats in talk about energy policy I feel I’ve been transported back to the 1970’s.

Admittedly some of of their suggestions like making sure your tires are properly inflated or getting regular tuneups are basic commonsense things that most of us do anyway. That’s not what worries me it’s thing like Barack Obama’s “windfall profits” tax on oil company’s and their complete refusal to talk about domestic oil drilling that worry me.

It’s time to face reality:

  1. Conservation alone is not going to solve our energy problems.
  2. Alternatives like Biofuels have their own pitfalls. Principle among them is that they’re helping drive up global food prices.

Like it or not oil is the life blood of our ecconomy and it’s high time we faced reality and started to expliot domestic reserves.

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