We posted yesterday on what seems to be the Democrats' lack of seriousness about doing something to increase oil supplies. Today we read that Nancy Pelosi is insisting that oil companies drill on federal lands to which they have already been granted access. The oil companies say that the cost of exploring these lands for oil is prohibitively high and the risk is that there's too little oil on these lands to make drilling profitable.
The oil companies want to drill where they know there's oil, and the Democrats want them to drill where there might be none.
HT: Ramirez
RLC
