Tuesday, May 13, 2008

"Over A Barrel" - Ariel Cohen article


Today on the Rush Limbaugh show, Rush read a column by Ariel Cohen, who is Research Fellow in Russian and Eurasian Studies at the Davis International Studies Institute at the Heritage Foundation. He is a specialist in Russian, Turkish, and Israeli issues. Here's the first paragraph:


As you go deep into debt filling up your tank with $4 gas this weekend, look on the bright side - you're helping to fund countries that hate you.

Read the whole article here. His analysis is, imho, excellent, as was Rush's commentary.

Here's his conclusion:


To stave it off and to combat its oil-rich adversaries, the US needs, in the short term, to expand its domestic energy sector. Increasing oil and gas production in the West, along the Pacific and Atlantic continental shelf, and in Alaska will help, and so will a coal and nuclear power build-up.


The US Congress should also abolish corn ethanol subsidy and lift tariffs on the really competitive ethanol made from sugar cane. Brazil and Africa can produce more ethanol than Iowa and Nebraska. However, in the long term, more advanced technological solutions are vital to stem the global wealth redistribution to OPEC potentates and other America-haters.

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