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About Oil
By Harris R. Sherline
June 9, 2008

Page 2 of 2

In addition, development of natural gas resources is being limited (potentially enough to heat every home in the U.S. for the next 150 years) and oil fields in California have been shut down.

In 1973 we imported 34.8% of our oil, today we import 60.3%.

Since 1977, with the exception of three years, the federal and state governments have collected more in taxes every year from the sale and import of oil than the oil industry earned in profits.

Congress has approved trade legislation that the EPA says will increase the price of gas by $1.50 a gallon. They have also approved lawsuits against the oil companies for the "possible future destruction of an Alaskan Eskimo village," but perhaps the most absurd action taken by our legislators was authorizing a lawsuit against OPEC. (Glenn Beck: "Anwr or Bust!", May 21, 2008)

With political leaders like these, who needs enemies?

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Read more of Harris Sherline's commentaries on his blog at "opinionfest.com."

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Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA.

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