Connect with us

archive

Ten years ago, Democrats told us ANWR wouldn’t produce any oil for 10 years

 

The Heritage Foundation marks an important anniversary today: it’s been precisely ten years since Senate Democrats blocked oil exploration in the Arctic National Wildlife Refuge, and told us there was no reason to get worked up about it, because ANWR wouldn’t produce any oil for ten years.

How did that work out for you, America?  Lachlan Markay at Heritage notes that “ten years later, oil and gas production on federal lands is at a nine-year low, a gallon of regular unleaded gasoline costs an average $3.90, and the President is busy blaming ‘speculators’ for high oil prices.”

If it makes these Democrats look any better, remember that they claim to believe that the laws of supply and demand do not apply to American oil – at least, not until it has first been stored in the Strategic Petroleum Reserve.  Until it has been sanctified by passing through the SPR, no amount of American oil affects the global price of oil in the slightest, and only the global price of oil has the tiniest affect on what consumers pay at the pump.

Happy motoring, America!

 

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

John Hayward began his blogging career as a guest writer at Hot Air under the pen name "Doctor Zero," producing a collection of essays entitled Doctor Zero: Year One. He is a great admirer of free-market thinkers such as Arthur Laffer, Milton Friedman, and Thomas Sowell. He writes both political and cultural commentary, including book and movie reviews. An avid fan of horror and fantasy fiction, he has produced an e-book collection of short horror stories entitled Persistent Dread. John is a former staff writer for Human Events. He is a regular guest on the Rusty Humphries radio show, and has appeared on numerous other local and national radio programs, including G. Gordon Liddy, BattleLine, and Dennis Miller.

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement
Advertisement

TRENDING NOW:

Alexander Solzhenitsyn Alexander Solzhenitsyn

That Time The Media Told Solzhenitsyn To Love It Or Leave It.

U.S. POLITICS

Transgender Athletes, Laurel Hubbard, CeCe Telfer, Mary Gregory Transgender Athletes, Laurel Hubbard, CeCe Telfer, Mary Gregory

Transgender Athletes Threaten Women’s Sports.

CULTURE

American Pride is Essential to the American Experiment.

CULTURE

Connect
Newsletter Signup.

Sign up to the Human Events newsletter