Sunday, July 06, 2008 | 10:29 p.m.

Oliver North - Common Sense

Home > Opinion Columns > Oliver North
Please contact your local newspaper editor if you want to read Oliver North's column in your hometown paper.
Oliver North

Recently

  • Honoring Independence at PBS
    NEW YORK — The potentates who run the taxpayer-subsidized Corporation for Public Broadcasting have an exquisite sense of timing. To honor America's 232nd birthday, PBS is bracketing our nation's anniversary with a three-part documentary on the …
  • Success Equals Silence
    AUSTIN, Texas — Our Fox News' "War Stories" team came here to the capital of the Lone Star State to work on a documentary about America's 36th president to coincide with the 100th anniversary of his birth Aug. 27. Full disclosure …
  • Show and Tell
    WASHINGTON — Last Sunday, Sen. John McCain met in Washington with Iraqi Foreign Minister Hoshyar Zebari. After their closed-door session, the two men took questions from waiting reporters. The following day, Sen. Barack Obama told reporters …
  • Of Fathers and Flags
    WASHINGTON — Just about everyone in America knows that Sunday, June 15, is Father's Day. The day for dads has been celebrated on the third Sunday of June since 1966, when President Lyndon Johnson decreed it to be so. Those who make and sell …

Petronomics 101

Podcast available through:

If you like Oliver North, you might enjoy

FORT BENNING, Ga. — Here at the U.S. Army's biggest base on the East Coast, soldiers and their dependents are eagerly awaiting the arrival of their "economic stimulus payments." It's a good thing because, like most of us, these American heroes are going to need the extra money just to purchase their next tank of gas.

This week, the Internal Revenue Service begins mailing rebate checks to budget-crunching taxpayers. Bush administration officials hope the checks will be used for shopping sprees to resuscitate the U.S. economy. But instead of getting that new patio grill, consumers are more likely to apply Uncle Sam's payments to their next purchase of petrol.

When the price of oil hit $100 per barrel in January, I wrote in this column, "Those who wish to lead this nation in the future need to put more than hot air into solutions such as clean, safe nuclear energy for electricity and hydrogen fuel-cell technology for propelling people and products around the planet."

Unfortunately, few politicians seem to have given a second thought to the fact that this country hasn't had an energy plan for the past 30 years, and it doesn't look as if we will have one anytime soon.

While Washington's political elites in both parties have debated and dithered, the price of crude oil has risen to $123 per barrel — nearly double what it was at this time last year. The average cost of a gallon of gas at the pump is approaching $4 per gallon. Some analysts now are predicting that the price of a barrel of oil could approach $200 in the next two years — and that gasoline could be $6 a gallon. An equal amount of diesel may cost truckers as much as $7.50.

Meanwhile, Middle Eastern governments are raking in the petrodollars. At least one despotic regime is using its plentiful petrol profits to kill American troops, erect nuclear facilities, fund global terrorism, and strategize about new and creative ways to make Israel's 60th birthday its last as a nation.

Iran, just named by the State Department as "the most active state sponsor of terrorism" and "a threat to regional stability and U.S. interests in the Middle East," this week hardened its position with respect to going nuclear. Supreme Leader Ayatollah Ali Khamenei, who outranks the Persian Napoleon — Iranian President Mahmoud Ahmadinejad — said this week that Iran would not give up its nuclear program.

Last week, delegates from the U.N. Security Council nations plus Germany met to discuss incentives that might persuade Iran to cease its program of uranium enrichment.
But Khamenei would have none of it, baldly stating, "It is a national duty not to fear any sanction." And just in case anyone might misunderstand, the Tehran theocrat added, "We should not allow anybody to deprive Iran of its legitimate rights," and declared, "No world power can make Iran retreat from its path."

Now, you don't need to have a degree in economics to see what's happening. The cost of crude oil is out of sight and climbing. Petrodollars are funding a radical Islamic jihad being waged against us. Here at home, the cost of everything from fuel to food is going up, and we're sending out of the country capital needed to resuscitate an economy that is, at best, sluggish and, at worst, foundering.

The majority in Congress has responded by proposing tax increases for domestic energy production, suggesting new mandates on producers, demanding that coal-fired electric plants be shut down, and whining that foreign governments need to increase oil production — while opposing exploitation of reserves here at home. In a news conference two weeks ago, President Bush criticized Congress for blocking efforts to expand domestic oil production in the Arctic National Wildlife Refuge. And this week, in a noteworthy understatement, White House spokesman Scott Stanzel observed, "We have here, in this nation, resources that we are not utilizing."

No, really? The newest oil refinery in the United States was built by Marathon in Garyville, La., in 1976. Since then, every effort to construct new facilities has been thwarted by protests and lawsuits from "environmental" groups and government red tape. It has been 12 years since the last nuclear reactor came on line to generate electrical power in the United States.

Time and money are wasting. Sen. Kay Bailey Hutchison of Texas has proposed a realistic solution: the Domestic Energy Production Act of 2008. Her bill would permit exploitation of more than a trillion barrels of U.S. territorial oil and nearly 600 trillion cubic feet of natural gas — more than the combined hydrocarbon reserves of Saudi Arabia, Mexico, Nigeria, Venezuela, Libya and Iran. The measure also would streamline the process for building new refineries and clean, safe nuclear power plants, as well as funding to develop alternative fuels.

But none of that — and the consequent reduction in energy costs — ever will benefit American consumers, unless Congress acts. Until they do, we will have to plan on spending our tax refund checks — and a whole lot more — at the pump.

Oliver North is the host of "War Stories" on Fox News Channel and the founder and honorary chairman of Freedom Alliance. Excerpts from his new best-seller are available at www.AmericanHeroesBook.com. To find out more about Oliver North and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.

COPYRIGHT 2008 CREATORS SYNDICATE INC.



AddThis Social Bookmark Button RSS Get RSS Feed for Oliver North Email updates Email me Oliver North updates Comments Comments
Originally Published on Friday May 09, 2008


Oliver North's column is released once a week.
Editors Picks - Opinion Columns
The Republic of Kennedy
Mona Charen
A Letter to My Friend, The Governator
Chuck Norris
Another Lesson at the Pump
Connie Schultz
See All
More Oliver North
Jul. `08
Su Mo Tu We Th Fr Sa
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
View By Month
About the author Print friendly format Write the author Email This Article to a friend
All newspaper editors want to know what their readers like. If you would like to read this feature in your local newspaper, please do not hesitate to share your enthusiasm with your local newspaper editor.


 

Shop Creators Syndicate



Also available from Oliver North: War Stories II : Heroism in the Pacific


Other titles from Oliver North are available in our online store. Click on the cover to the left to see more!
 
Sunday, July 06, 2008 | 10:29 p.m.
About Creators | Privacy Policy | Contact Us | Editor's login | FAQ
Copyright © 2006 Creators.com. All Rights Reserved.
Web Development by JJCO