I know this sounds absolutely crazy, but it seems to me after reading a couple articles that the Bush administration is contradicting itself on oil. I know, I know, now I’ll be lumped in with those crazies who think our phones are being tapped, but things aren’t adding up for me.
I just read an article today that talked about the fact that the government may wave $7billion in oil royalties as incentive for oil and gas companies to continue to drill more and drill deeper. One of the quotes from the article says,
“We need to remember the primary reason that incentives are given,” said Johnnie M. Burton, director of the federal Minerals Management Service, according to the report. “It’s not to make more money, necessarily. It’s to make more oil, more gas, because production of fuel for our nation is essential to our economy and essential to our people.”
This seems to be a government driven incentives program that encourages the production of more oil. Am I wrong or confused? This seems to be in stark contrast to Bush’s words, less than a month ago during the State of the Union address, where he said,
“By applying the talent and technology of America, this country can dramatically improve our environment, move beyond a petroleum-based economy and make our dependence on Middle Eastern oil a thing of the past.”
I know Bush wants America to apply talent and technology to finding an answer, but what if he applied the money from gas incentives to alternative fuel research. I think $7billion could go a long way. But then again, I still think that Brad and Jen have a chance.