Tuesday, Aug. 5, 2008 | 2:04 a.m.
The big political issue of the day seems to be whether to drill for oil in our coastal waters or in the Arctic National Wildlife Refuge despite the present prohibition. The implication is that opening up more territory to domestic drilling will somehow lower the price of gas at the pump. When are we going to recognize that we are at the complete mercy of the oil companies and that they will make whatever decision best helps their bottom line and the stockholders?
The oil companies have plenty of domestic oil lands on which they could drill if they chose. They export more than one-third of the domestic oil they produce, and giving them more areas in which to drill will permit more exporting of our oil.
The only answer to our predicament is to bite the bullet and embark on an all-out effort to develop the alternative sources of renewable energy that will not be depleted in our lifetime and not harm our atmosphere. If we can go to the moon in 10 years, we can certainly develop these energy sources to the point that oil prices become inconsequential.
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