The drilling bill that bans drilling

The Dems have figured out that the public finds it reasonable to drill for more oil. But rather than allow it, they pull a PR stunt - a bill in Congress - to make it appear, but not allow more drilling. Don't fall for it. Jeff Jacoby digs in.

The Boston Globe:
... It isn't a drilling bill, it's an anti-drilling bill. If it becomes law, nearly all the oil and gas in the Outer Continental Shelf would be off-limits forever.

Q: Huh? The story says the bill "would allow offshore drilling as close as 50 miles from the Atlantic and Pacific coasts." It quotes House Speaker Nancy Pelosi: "It's time for an oil change in America, and this bill represents that." That's anti-drilling?

A: C'mon: A few weeks ago, Pelosi was implacably opposed to letting the House vote on lifting the offshore drilling moratorium. "I'm trying to save the planet!" she told Politico. "I'm trying to save the planet!" You really think someone so sanctimoniously hostile to drilling just six weeks ago is all for it now?

Q: But this bill -

A: This bill permanently bans all drilling within 50 miles of the US coast, which just happens to be where most of the recoverable oil and gas reserves are. It permits drilling between 50 and 100 miles out only if the adjoining states agree - which they won't, since the bill denies them any share in the royalties the oil companies would have to pay, thereby eliminating any financial incentive for a state to say yes. Virtually all the oil off the California coast and beneath the Eastern Gulf of Mexico would be locked up for good. Don't be fooled: The only offshore drilling this bill really opens the door to would have to be 100 miles or more out to sea, where the oil companies have no infrastructure.

Q: But the Democrats claim they are "expanding the availability of oil by at least 2 billion barrels."

A: Do you know how much oil is out there? According to the Interior Department, the offshore areas where drilling is restricted contain more than 19 billion barrels - that's equal to 30 years of current imports from Saudi Arabia. The bill would deny Americans access to as much as nine-tenths of that oil. A good deal? I don't think so.

Q: So what are you saying? The Pelosi bill is a sham?

A: Call it a political maneuver. Democrats don't really mind high gasoline prices; more pain at the pump means reduced consumption of fossil-fuel, which they and their environmental allies blame for global warming. But with millions of constituents growing increasingly upset over $4-a-gallon gas, and with polls showing the public heavily in favor of lifting the drilling ban, they had to do something. Voila - Speaker Pelosi's bill: a feint of supporting offshore exploration that would actually make drilling more difficult...