What Were They Thinking?

I hate to say this, but our two senators fully deserve the criticism being thrown at them from conservatives over the Gang of 10 energy "compromise." Erick gives us a nice summary of the legislation over at Peach Pundit, and it's pretty much what you would expect from a compromise between Democrats and the GOP. The spineless Republicans cave in to 90% of everything the Dems want, and get a whole lot of nothing in return.

Every. Stinking. Time.

Here's the deal:

"If Saxby Chambliss and Johnny Isakson have their way, most of the outer continental shelf (”OCS”) would be permanently off the table for expanded energy exploration. Right now, the ban on OCS exploration must be renewed annually.

10 billion barrels of oil and 18 trillion cubic feet of natural gas would be permanently untouchable off the Pacific Coast.

10 billion barrels of oil and 8 trillion cubic feet of natural gas would be permanently untouchable in ANWR.

2 billion barrels of oil and 18 trillion cubic feet of natural gas would be permanently untouchable in the Atlantic."

Oh, and the bill would also raise taxes on energy companies by $30 billion. Let me guess - Saxby and Johnny had to throw that little tidbit in to "sweeten the deal" for the populist Democrats who want to be able to say they stuck it to the big bad oil companies.

And what did they get in exchange?

Access to a small fraction of the resources we have available to us right now, and a PERMANENT ban on the rest. I'm sorry. I really do like Saxby, but this CANNOT happen. I really don't understand his, or any of the other Republicans' reasoning for this nonsense. The public has made it very clear that we want to drill everywhere, now. Just do it, already.