Wednesday, June 28, 2006

So, Pombo is good for something

I'll be damned. Reading newspapers, you'd think that all Pombo was doing was going on vacations for the purposes of embezzelment. Hah. So, I was reading an article by accident and this is what it says:

There’s even good news from Washington on the energy front. The House Resources Committee, chaired by California Republican Richard Pombo, has just delivered the Deep Ocean Energy Resources Act, which will give coastal states the authority to drill 100 miles or more offshore. This will allow for exploration and production in the deep seas and on the Outer Continental Shelf (OCS), where kajillions in oil-and-gas reserves are waiting to be siphoned. It also will provide the coastal states with significant oil and gas royalties. Democratic House Minority Leader Nancy Pelosi opposes this, but the bill has strong bipartisan support.

(Larry Kudlow, NRO, June 27, 2006)

I would argue with Larry about the oil prices, e.g. Hubert's Peak and yada yada, but this is not the point of this post. The point being... the Government and Congress in general, and good old Pombo in particular, continue their (futile, in my opinion) struggle to keep oil prices down. The funniest part is, since the prices are bound to raise anyway, all he (they) can do is to reduce the rate at which they climb. That must be one thankless job. But oh well. They are all volunteers.


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