Enron loophole

Better late than never. Well, some folks think so anyway.

The truth is, last weekend’s program featuring talk radio host Bob Ehrlich was pretty much a yawner. There was a half hour of the latest Republican talking point: “Drill Here, Drill Now. Pay Less – Drill off the Coast of Ocean City or right smack-dab in the middle of the Chesapeake Bay – We Don’t Care” (I made that last part up. But nobody said anything against it, either. Why is it always someone else’s backyard or beach off in the distance that needs to get drilled for oil?).

As best as anyone can figure opening up all this drilling might worth a few pennies off a gallon of gas – in five years. All this time BIG OIL already owns drilling leases over about 68 million acres of American land and they aren’t touching it, for some reason.