But everyone else can.
EDITORIAL: Obama surrenders gulf oil to Moscow - Washington TimesI swear, if I were a conspiracy theory believer I'd think it was deliberate.
The Obama administration is poised to ban offshore oil drilling on the outer continental shelf until 2012 or beyond. Meanwhile, Russia is making a bold strategic leap to begin drilling for oil in the Gulf of Mexico. While the United States attempts to shift gears to alternative fuels to battle the purported evils of carbon emissions, Russia will erect oil derricks off the Cuban coast.
Offshore oil production makes economic sense. It creates jobs and helps fulfill America's vast energy needs. It contributes to the gross domestic product and does not increase the trade deficit. Higher oil supply helps keep a lid on rising prices, and greater American production gives the United States more influence over the global market.
We're going to run at least a $1.6 tril deficit this year, unemployment's high, energy prices are high, yet we can't do anything to alleviate it?
Drilling is also wildly popular with the public. A Pew Research Center poll from February showed 63 percent support for offshore drilling for oil and natural gas. Americans understand the fundamental points: The oil is there, and we need it. If we don't drill it out, we have to buy it from other countries. Last year, the U.S. government even helped Brazil underwrite offshore drilling in the Tupi oil field near Rio de Janeiro. The current price of oil makes drilling economically feasible, so why not let the private sector go ahead and get our oil?Because someone might make a profit?
That's starting to be the only reason I can imagine - profits are evil, so all potentials for profit must be squashed. And since private industry involves profits in order to keep going...