January 22, 2012

THANKS TO THE EPA, get ready for higher gas prices. “Closure of the St. Croix refinery may well effect U.S. domestic gasoline prices adversely, particularly on the East Coast. . . . A clean and healthy environment is good, but there are limits to how closely we can approach what some see as perfection. Excessive regulatory burdens are not good and the United States needs, rather quickly, to strike appropriate environmental balances while taking into account the potential difficulties and disadvantages of securing oil from unfriendly countries as well as from friendly countries subject to attack by others. Nevertheless, we continue increasingly to neglect these factors and therefore continue to fund hostile countries more handsomely than seems to be in our national enlightened self-interest. Lately, we have been galloping off in all but the right directions.”

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