"Effectively reverses White House plans announced at the end of March [14 months ago] to open the Gulf region - along with other large swaths of U.S. coastal waters - to oil and natural gas drilling."
Yeah, well, that was then; this is now.
Reacting to gasoline prices and polling numbers is no way to establish a national energy policy.
According to the Federal Reserve Economic Database, we spent about $42.5 billion to import oil in April. Annualized, that adds up to more than a half TRILLION dollars to places like Saudi Arabia, Nigeria, Venezuela, Iraq, and Angola.
Our largest oil trading partners are Mexico and Canada, but that's a symbiotic relationship which helps all three parties.
The others - which are among the next five in order of the amount we import - are unstable, unfriendly to the United States, or both.
How safe does that make you feel?
President Obama should stop treating America's energy security like it is nothing more than a chip in the Great Presidential Poker Game.
We need an energy policy which makes sense, which will provide some measure of stability, and which reflects the realities of available domestic resources from wind and solar, to nuclear and natural gas.
Our energy future is too important to be reduced to a bumper strip.
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