Tuesday, June 17, 2008

McCain Announced Support For Outer Continental Shelf Drilling -- Congress Still Prefers High Gas Prices

John McCain and Barack Obama both made news today. McCain announced his support for lifting the moratorium on Outer Continental Shelf drilling.

UPDATE: When it comes to drilling, we have a ways to go to catch up with the Brazilians. Fausta notes another mammoth Brazilian offshore strike.

Personally, I'd like to see the United States remain the number one economic power in the Western Hemisphere, but this is not foreordained. If Brazil's Congress is smarter than ours, as it certainly is at the moment, we are at a huge disadvantage.

Power Line -- Two Small Steps Forward

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