Recorded on April 25, 2011
It's time for common sense; I'm Ernest Istook.
Gasoline prices keep rising. Saying there's no quick fix, President Obama wants more subsidies for alternative energy. But those take decades to make a difference and cost even more than oil. Meantime, the administration keeps blocking quicker paths to lower prices.
For example, Shell Oil is putting off plans to drill near the Alaska coast because the EPA keeps denying its permits. That leaves 27-billion barrels of oil untapped--a 4-year supply for our whole country. And that's only a fraction of what we could produce from Alaska, from the western U.S., and from our coastline.
Instead, politicians call for investigations of supposed price gouging and speculation. We've heard that before: Those probes have always come up empty; they're just a political distraction. The best thing Washington could do for affordable energy is simple: Get out of the way.
For common sense, from The Heritage Foundation, I'm Ernest Istook.