(H/T to Babalu) While the Obama administration has stopped oil exploration and new well drilling in US waters, that hasn't stopped governments with "a lick of sense" (as they say where I grew up). From the NY Times:
MOSCOW — The Russian energy giant Gazprom has joined a growing list of companies that plan to drill for oil in the waters off Cuba, close to the United States but out of reach of its safety regulators.and if that doesn't make you a little queasy:
Russian oil firms, which operate mostly on land in Siberia, have little expertise offshore and have sought to form partnerships to gain experience.Oh, great. A bunch of people drilling in the gulf who have "little expertise" in offshore oil drilling. What can possibly go wrong?
The administration is still living under the delusion (demonstrably false) that the "green energy economy" is going to rescue us. In doing so, they have condemned us to slavery to the OPEC cartel, and a continuation of all the problems that come with that. Strangely, the idea seems to be that pollution and oil spills are alright if they happen to dark-skinned people elsewhere in the world, but we wouldn't want them here. I would say Obama is racist, but it seems that this has been our policy for decades. Maybe it's just environmentalists that are racist.
The world runs on oil, and it will do so until something better and cheaper comes along. It's not coming next week, it's not coming next year, and I'll bet it's not here for another 20 years. No magical unicorn farts. Just oil.