The Corner

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“Addicted to Oil”


Yes, the United States uses lots of oil. Given that it is far cheaper to produce oil overseas, the vast majority of oil comes from overseas. It’s all well and good to talk about alternative forms of energy, but most of those the President touts — renewable fuels, no-emission coal, etc. — will do nothing to reduce oil imports. Most oil goes into our automobiles, not power plants. The President may get lots of applause for promoting ethanol fuel, but it’s hardly sound economic or environmental policy. Don’t get me wrong. I am all in favor of clearing the way for alternative energy sources. I just lack confidence in the government’s ability to pick the winners and losers in energy markets and steer the way toward an oil-free future.