Oil Perspective

While the current talk by McCain and the right revolves around drilling in ANWAR and offshore, despite the big oil companies already owning drilling leases on 68 million acres of federal land (and waters) that they aren’t using, former Clinton Secretary of Labor Robert Reich puts that talk into proper perspective.

When you consider that the oil we pump goes into a global oil market, offshore drilling makes no sense. We take the environmental risk, but we’d have to share the negligible price gains with Chinese consumers and every other user around the world.

Just a reminder for those that think that every barrel we produce goes towards our oil needs.

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