February 2, 2018

Drill, Baby, Drill!

Spiking the football has its place and purpose. President Obama's smug interchange with Governor Romney (the Younger) over Russia's place as strategic threat should run three times a day and more on weekends.

As should -- the WSJ reminds -- "Drill, Baby, Drill!"

Readers of pre-millennial vintage may recall the 2008 presidential campaign when Republicans and especially Sarah Palin picked up the chant "drill, baby, drill" as a response to soaring oil prices. The theme was much derided, not least by Barack Obama, who as late as 2012 called it "a slogan, a gimmick, and a bumper sticker" but "not a strategy." Ten years later, who was right?

The U.S. Energy Information Administration (EIA) reported Thursday that U.S. crude oil production exceeded 10 million barrels a day for the first time since 1970. That's double the five million barrels produced in 2008, thanks to the boom in, well, drilling, baby.

I recall an enjoyable beer night out with many friends of this blog and former-friend Lattesipper looked at me incredulaously when I suggested that oil prices could return to sub $100/bbl.

Me and Governor "Lipstick" was right.

Oil and Energy Posted by John Kranz at February 2, 2018 3:16 PM


There are other benefits too.

Posted by: johngalt at February 2, 2018 11:01 PM

Can't wait to take another fist-pump over this, and hopefully not make the associated verbal swipe too snarky when I ask the gentle question:

Is it that time in the decade for Nat'l Geographic to publish another End of Cheap Oil? edition?

Posted by: nanobrewer at February 4, 2018 12:34 PM

@JG: Yes, the article notes U.S. a New Edge in Energy and Diplomacy... everything Obama did NOT want. Heh.

I still don't like Trump, but GD he gets results.... reminds me of Lincoln's statement about U.S. Grant's drinking "find out what it is he drinks and send a case to every general!"

Diet Coke for the entire GOP Congressional delegation!

Posted by: nanobrewer at February 4, 2018 12:40 PM

America really doesn't realize just how unimportant it is to have a POTUS you would like to have a beer with.

I love the Lincoln quote about Ulysses S. Grant! Very apropos.

Posted by: johngalt at February 5, 2018 3:37 PM | What do you think? [4]