McCain’s Energy Plan: Correct Diagnosis, Killer Prescription
In criticizing McCain’s proposal to drill for oil in the US, Jerome seems to imply that addiction to US produced oil is no better than addiction to imported oil.
“With his proposals to open currently closed off areas of the USA for oil production, John McCain seems to think that the problem is addiction to foreign oil rather than to oil per se.”
Why? It looks to me switching to locally produced oil would be a very big improvement and a first step toward breaking our oil addiction. Locally produced oil will send less US money over to all those petro-tyrants overseas. The new profits made by oil companies on locally produced oil can be taxed to fund research and alternative energy infrastructure. Also, It will have the side benefit of reducing our trade deficit – last I checked that was still a problem.
