Sunday, March 25, 2012

HANSON: Drilling is a win, win choice for U.S. - Washington Times

HANSON: Drilling is a win, win choice for U.S. - Washington Times

When the summer driving season starts soon, and tension heats up about Iran, gas may reach $5 a gallon. Nothing bothers voters more than paying an extra $20 or $30 every time they fill up. In times like these, they soon might prefer even an oilman in the White House to an ideologue whose opposition to new oil development seems more religious than empirically based.

All presidents, of course, usually get the blame when the price of gas skyrockets and praise when it plummets, just like they own a bad or good economy, or a successful or failed war.

Presidents can affect gas prices, at least in the long term, by exercising budgetary discipline resulting in a currency that buys more oil per dollar, by approving or rejecting federal oil leases, and by adding or curbing regulations that affect oil exploration and development. In all of these cases, Mr. Obama has supported policies that contribute to higher gas prices.

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