Crude Oil

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Poor Barack Obama. Even when he does the right thing (in fact, only when he does the right thing) he's misunderstood and criticized by the people around him. In this case, because he's supposedly come out in support of offshore oil exploration.

Frankly, we think it's vital to find additional sources of domestic oil in view of the fact that the Obama administration has basically given Iran free reign to develop nuclear weapons, which will predictably disrupt Mideast oil supplies in the foreseeable future.

But liberals and environmentalists are screaming, because offshore oil rigs...unless very closely supervised and regulated by the government...might produce profits for oil companies, energy for American business, and hasten the end of the world through global warming, global cooling, and/or global climate change, depending on what sort of mood Al Gore is in today.

However, a closer look at the president's proposals actually shows that he plans to reduce and delay domestic exploration and drilling, while actively seeking to raise the cost of gasoline and impose a "cap and trade" energy tax on virtually every aspect of American's lives.

And so it appears that America's virgin oil fields will remain virgins for the foreseeable future. Which is ironic when you think about what the president has done to the rest of us...