Back on July 13th we published a chart showing that the oil deposits in Rocky Mountains shale would vault the U.S. into a commanding lead in the world as a producer of oil, far ahead of Saudi Arabia. Today Power Line reported that oil shale development is about to get underway -- in Jordan! Jordanian sources say Jordan can become oil-independent, become an oil exporter and satisfy its own needs for 700 years.
But Pelosi-Obama-Reid are preventing the U.S. from achieving energy independence with their ban on exploration and development offshore and in the Rocky Mountains.
Their stubborn disregard for national security and the distress high energy prices are causing average Americans is shocking, Their proposal -- to slap a profits tax on oil companies -- will punish the companies we need to produce oil and not deliver one new barrel of oil to the United States. Their environmental arguments are hogwash, since producing oil in the United States is done with more technoligical expertise and environmental sensitivity than anywhere else on the planet. Is is better for the U.S. to rely on oil production in Nigeria where oil platforms and pipelines are attacked almost daily with resulting oil spoilation of coastal waters?
