|

Alaska drilling needed
Augusta
Chronicle Editorial Staff September 5, 1997
The latest oil import figures are alarming. The nation's dependence on foreign
oil is growing at a time when Mideast instability is worsening. The U.S. imported
46.2 percent of its oil last year, the highest level since 1977.
Not all oil imports come from the Mideast -- much of it comes from Venezuela,
a new steady, stable supplier that wasn't available in the '70s. Even so, concerns
are rightfully being raised in Congress.
Experts agree that if imports continue to rise at their present rate, America
will be importing between 68 to 71 percent of its oil by 2015. That's altogether
too much, not just for economic reasons, but as it relates to our national security.
The world's most powerful nation must
not become reliant on foreign sources, even friendly ones, for so much of its
oil. There are two proposals now making the rounds in Congress to deal with the
problem. The first is that old, bitter
bromide to raise taxes on petroleum products, especially imported oil, and to
boost regulations on autos to burn less fuel. This is a sure prescription for
an economic downturn, if not recession.
The higher taxes would supposedly be used to underwrite research and development
of alternative fuels. That's all taxpayers need -- new federal giveaways to corporate
welfare moocher Archer Daniels Midland for ethanol, a phony corn-based fuel substitute.
Another plan, urged by Sen. Frank Murkowski,
R-Alaska, makes a lot more sense: open up a small Arctic National Wildlife Refuge
area to domestic oil producers. This is not a new idea either, but it's always
sure to get the eco-radicals to foam at the mouth, although the only reason to
be opposed is pure stubbornness. Ten years
ago the U.S. Department of Interior reported that advancing technologies made
oil exploration possible without damaging the area's sensitive environment. If
that was true in 1987, it's even truer in 1997. The agency went on to recommended
that 1.5 million acres of ANWR's 19.8 million total acres be opened up to oil
producers. So let's stop the stall and
get on with it! |