The Danger Of Drilling In Alaska

Thomas L. Friedman writes that the Bush administration's energy policy and the "obsession" to drill for oil in Alaska's wildlife refuge "endangers" the U.S.
March 21, 2005, 10am PST | Abhijeet Chavan
Share Tweet LinkedIn Email Comments

"...the Bush team's obsession with drilling in the Alaskan wilderness to increase supply is mind-boggling...[Noted energy economist Philip Verleger Jr. said] Consumers in China and Japan, not the U.S., will be the real beneficiaries of any big Alaska find...Moreover, focusing exclusively on squeezing out a little more supply will only discourage conservation, Verleger added, setting the stage for higher prices again in three or four years...That's why America urgently needs what I call a 'geo-green' strategy, which combines geopolitics with environmentalism."

Thanks to Abhijeet Chavan

Full Story:
Published on Thursday, October 6, 2005 in Star Tribune
Share Tweet LinkedIn Email