California's 's senior Senator Dianne Feinstein has joined the battle by writing an op-ed in the Los Angeles Times opposing efforts to increase offshore oil production. The Senator, unfortunately, promotes a myth that offshore drilling and production will not help our economy in either the short run or the long run.
Both suppositions are wrong, and dangerous to boot. Sanford Bernstein (one of the most respected research groups) has produced an analysis noting how quickly the offshore resources off the coast of California - to quote the Wall Street Journal:
"California could actually start producing new oil within a year if the moratorium were lifted," the Sanford C. Bernstein report said, because the oil is under shallow water, has been explored and drilling platforms have been there since before the moratoria.
This would also send a message to the world's petrocrats that America has begun to realize that we are tiring of our fate resting in the hands of nations that wish us harm. The fate of our economy should not be controlled by the whims of the very nations that sponsor terrorism and hate around the world.
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