Tuesday, May 6, 2008

Gilmore Gets One Right

Yes, you read that right. The former Governor and US Senate candidate got something right--Energy.

Gilmore recently presented a good energy policy plan. And with gas prices as high as they are, it could help him in the fall should he win the nomination. In fact, gas may be even more expensive then which will make the issue all that more important.

Boone Pickens predicts oil will go to $150 a barrel. He called the move to $75 and $100, so I take what he says seriously. And $150 a barrel is a serious problem that must be dealt with.

Gilmore proposes drilling an Anwar, expanding offshore drilling (when was the last time there was a problem with an offshore rig—oh right, there haven’t been any problems), new refinery capacity and clean nuclear power.

I know the environmental lefties will groan, but this is a matter of our continued economic survival. We’ve got to get off the foreign oil and Gilmore has a good plan to do it.

I would suggest we take some additional steps. We need to stop filling the Strategic Petroleum Reserve—this will decrease demand and potentially decrease prices. Not only should we stop buying, I think the Federal government should start selling some of the reserves. They will make some nice gains (maybe they can use this to offset the gas tax holiday!) and increasing supply will do even more to lower prices.

Oh, and don’t say I never said anything nice about our former Governor.

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