If we'd increased drilling 10 years ago things wouldn't be so bad today
By Jim Adams
Posted: May 13, 2011
Jim Adams is president and CEO of Offshore Marine Service Association, which represents the owners and operators of U.S. flag offshore service vessels and the shipyards and other businesses that support that industry.
Nearly a decade ago, the retail price for regular gasoline rose 26 cents per gallon in eight weeks to an all-time high of $1.75 per gallon. The government's Energy Information Administration (EIA) was tasked with an "Inquiry into August 2003 Gasoline Price Spike." We were waging the War on Terror, labor unions were striking, hurricanes threatened oil rigs while terrorists threatened refineries, demand for energy was creeping to a new high, and international markets drew down their inventories.
Sound familiar?
READ ON: http://www.usnews.com/opinion/articles/2011/05/13/on-gas-prices-obama-should-lead-or-get-out-of-the-way
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