Thursday, May 05, 2005

Oil Dependence is America's Achilles Heel

Some social conservatives are publicly breaking ranks with this administration because their plans will worsen American's security situation and increase our dependence on foreign oil. Bush's so-called Energy Plan is just a give-away to the energy industry that almost totally ignores renewables. Renewable energy is where most of our money should be going, not giving $3.2 billion to the oil industry to offset their drilling costs.

Even security-minded critics worry that not enough is being done. Like President Bush, Mr. Woolsey applauds research into futuristic hydrogen-powered cars, but that won't meet today's security concerns, he says. "Our transportation systems are so locked into oil now and the existing infrastructure, that there's a serious risk of terrorist interruption of that infrastructure in ways that could be catastrophic." He worries that a single terrorist attack on, say, a large Saudi refinery could cut 10 percent of the world's current oil supply - and send prices soaring.

"Even if prices got no higher, or even came down some, sending tens of billions of dollars overseas to people determined to destroy us is crazy, no matter the price of oil," says Frank Gaffney Jr., president of the Center for Security Policy, a national security think tank.

He's not against drilling in ANWR. It's just not enough, says Mr. Gaffney, former assistant secretary of Defense under Mr. Reagan and a signatory to the Energy Future Coalition. That plan pumps money into new technologies like alternative fuels, clean-coal electric generating technology, and a better electric grid.

"I believe we as a country are going to do every single one of the things on that laundry list," Gaffney says of the EFC plan. "The only question is do we do it before we have to - or afterward? The chances are we'll have to do it far sooner than we think. We're on borrowed time as far as people seriously disrupting oil flows." |Link|

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