Friday, June 20, 2008

Don't Drill Me, Bro

Obama's latest sophomoric slogan is "we can't drill our way out" of higher oil prices. Which makes about as much sense as saying that you can't "study your way" to higher grades, "diet and exercise your way" to better health, or "save your way" to a bigger bank account.

Yes, part of the problem is of lack of new refineries, which for the last three decades liberals have reliably ensured remain too expensive to build. But don't tell me that increasing the supply of oil, raw or refined, isn't going to have an effect on the market, in a hurry. I can't say by how much, or how quickly. No one can with absolute certainty. Which makes me wonder where Mr. Obama got his definitive proof that drilling now wouldn't affect the market for years to come and that by only a few pennies a gallon.

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