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Originally Posted by fiatlux
http://finance.myway.com/jsp/nw/nwdt...&date=20060807
Why can't we tax the h*ll out of foreign oil companies while at the same time at least begin to start drilling our own oil? Only until Cali, Fl, La, and alaska loosen those liberal restrictions that make it unprofitable to drill can we begin to decrease our independence on foreign oil. We have the oil all we have to do is drill it.
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All the oil/natgas on the US continental shelf added together ain't going to make even a tiny dent in US oil imports.
Btw, Canada and Mexico are the major source of "foreign" supply of energy to the USA.