December 4, 2008
Quote of the Day – December 4
FSM: Quote of the Day
“The best way to lower profits for the oil companies would be to allow for greater investment in domestic production. Oil companies would love to invest in drilling off the OCS, in shale formations, and in ANWR, as well as new refinery sites. That would not only produce stability and security in American energy production, it would employ millions of Americans and stop the vast transfer of American wealth to foreign oil producers. It would also have the beneficial effect of robbing states like Iran, Venezuela, and Russia of the vital support high oil prices give their regimes. That will produce the boost in the economy needed to invest in research and development for alternative energy sources, without the government going even deeper into debt than it already is.”
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