It’s become quite fashionable in some quarters to blame the oil companies for all ills — a position verging on hypocritical. Either they’re greedy for the big bucks, or they’re sitting on oil they could produce but won’t. (Can’t really make that argument work both ways.)
Along those lines… last night, while flipping through the TV channels, I stumbled across C-Span, and a Democratic congress-critter droning on about offshore drilling, and current oil leases, and how the oil companies aren’t doing anything with them.
This argument has always struck me as specious, but never more so than lately. With the current price of oil, how can anybody seriously think oil companies would deliberately ignore any possible source of income?
And now, there’s another debate kicking up now around leases, and production… only this time, some Democrats see the oil companies as the good guys.
I’m getting dizzy. Are Democrats pointlessly obstructing offshore drilling, and simultaneously being pragmatic about oil shale?