I just read this piece by Mark Steyn, one of my favorite commentators, on Congress’s latest attempt to “fix” our oil problems, and found myself in complete agreement with everything he said. Here’s an excerpt:
“It shall be illegal and a violation of this Act,” declared the House of Representatives, “to limit the production or distribution of oil, natural gas, or any other petroleum product … or to otherwise take any action in restraint of trade for oil, natural gas, or any petroleum product when such action, combination, or collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price, or distribution of oil, natural gas, or other petroleum product in the United States.”
Er, okay. But, before we start suing distant sheikhs in exotic lands for violating the NOPEC act, why don’t we start by suing Congress? After all, who “limits the production or distribution of oil” right here in the United States by declaring that there’ll be no drilling in the Gulf of Florida or the Arctic National Mosquito Refuge?
Precisely. Congress wants to “help” us with this problem? Don’t intervene more, or posture because you know that no intervention is really going to help. Get out of the way! Lift the restrictions on drilling and refining and shipping oil and oil products here in the US. Allow the oil companies to get more of the stuff that’s just sitting there under American soil and waters waiting to be dug up and poured into someone’s SUV instead of forcing us to put up with the unnaturally high prices caused by OPEC’s latest squeeze on supply. Ronald Reagan famously said that the nine most terrifying words in the English language were, “I’m from the government and I’m here to help.” How true that is in the case of this Congress.
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