Tuesday, September 05, 2006

Good News from the Gulf

There may be a major deepwater oil find. Certainly, anything with the potential to boost domestic reserves by 50% should be welcomed by one and all. The real question is whether or not Chevron and others will be allowed to go into the production stage if the testing pans out.

Given that the Senate can’t summon up the moxie to allow drilling on an airport sized piece of frozen over wasteland in the Arctic (ANWR), prospects for any rational energy policy aren’t exactly cheering.