While there may be emotional appeal to chants of “Drill baby Drill” and “American oil for Americans” the reality is that oil taken from beneath American soil simply does not belong to America. It belongs to the oil companies that drilled it and not to Americans. It’s not that way in most of the world … More Is it time to consider nationalizing the US oil industry?
There has been criticism of President Obama’s ostensibly restrained emotional response to the the Gulf oil crisis. I find his approach reassuring in the same sense that when a plane has lost its engines I would much prefer a calm, cool and effective pilot at the controls. Give me Sully any day over a pilot … More “Sully” Sullenberger and the BP Oil Crisis
I was thinking about crude oil being a fungible commodity and I realized that I had a fundamental misunderstanding about debate of “to drill, or not to drill” in the Gulf. Prior to this somewhat embarrassing epiphany, my working hypothesis and basis for my position on the issue was that the oil obtained from drilling … More Does the oil from the Gulf of Mexico belong to America?