Pelosi: Save the Planet, Let Someone Else Drill

By Charles Krauthammer
Real Clear Politics

WASHINGTON - House Speaker Nancy Pelosi opposes lifting the moratorium on drilling in the Arctic National Wildlife Refuge and on the Outer Continental Shelf. She won't even allow it to come to a vote. With $4 gas having massively shifted public opinion in favor of domestic production, she wants to protect her Democratic members from having to cast an anti-drilling election-year vote. Moreover, given the public mood, she might even lose. This cannot be permitted. Why? Because as she explained to Politico: "I'm trying to save the planet; I'm trying to save the planet."

A lovely sentiment. But has Pelosi actually thought through the moratorium's actual effects on the planet?

Consider: 25 years ago, nearly 60 percent of U.S. petroleum was produced domestically. Today it's 25 percent. From its peak in 1970, U.S. production has declined a staggering 47 percent. The world consumes 86 million barrels a day; the United States, roughly 20 million. We need the stuff to run our cars and planes and economy. Where does it come from?