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The US has not had a rational energy policy for many years. Instead
we created energy legislation focused on conservation and citing
energy independence as the principle cause. Some legislation
focused on protecting the environment primarily by creating
moratoria over designated geographic areas. This effectively
blocked drilling along the entire eastern and western offshore
areas, areas on land and offshore northern Alaska, parts of the
Gulf of Mexico and vast areas of federally owned land. As the
country 's oil requirement grew so too did our need to import oil.
Oil prices also grew and the daily value of imports have now
reached about a billion dollars per day.
The US has not had a rational energy policy for many years. Instead
we created energy legislation focused on conservation and citing
energy independence as the principle cause. Some legislation
focused on protecting the environment primarily by creating
moratoria over designated geographic areas. This effectively
blocked drilling along the entire eastern and western offshore
areas, areas on land and offshore northern Alaska, parts of the
Gulf of Mexico and vast areas of federally owned land. As the
country 's oil requirement grew so too did our need to import oil.
Oil prices also grew and the daily value of imports have now
reached about a billion dollars per day.
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