Back To The '70s?

Wasn't it two years ago that then-Minority Leader Nancy Pelosi vowed, if her party took over Congress, to cut energy prices -- especially gasoline? Since then the cost of energy is up more than 70 percent, says Investor's Business Daily (IBD).

Under Pelosi's "common-sense plan," Congress has achieved nothing. Actually, less than nothing, considering that what little has been done has hurt, rather than helped the United States to become more energy self-sufficient, says IBD:

• This year alone, we'll spend $431 billion to buy 3.7 billion barrels of imported oil to run our economy.
  
  
• And in so doing, we are enriching some of the world's most unsavory regimes.

Ironically, we have plenty of oil:

• At least 10 billion barrels in Alaska's National Wildlife Reserve.
  
  
• 30 billion or so offshore.
  
  
• 1.2 trillion in Rocky Mountain oil-shale.
  
  
• Unfortunately, Democrats' extreme green ideology keeps us from drilling for it. Clean coal technologies likewise have been put out of bounds. So has the most logical answer to our energy problem -- nuclear power plants that can be run safely with spent rods reprocessed. France already does this to meet 80 percent of its energy needs.

Democrats have focused instead on a global warming plan that would cost $1.2 trillion. Meanwhile, subsidies and other breaks for biofuels have helped send food prices soaring. As in the 1970s, this is a human-made crisis -- one that has solutions. But it's the Democrats, along with a few equally misguided Republicans, who steadfastly refuse to implement them, says IBD.

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Back To The '70s?

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"If capitalism had never existed, any honest humanitarian should have been struggling to invent it. But when you see men struggling to evade its existence, to misrepresent its nature, and to destroy its last remnants - you may be sure that whatever their motives, love for man is not one of them." - Ayn Rand, Capitalism: The Unknown Ideal

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Americans Indians support oil drilling in ANWR.