About the Author

Richard Cochrane is trained in chemistry and metallurgy but is far more interested and practiced as a political and fund raising consultant, writer and amateur historian. He grew up in a Navy family and with his two younger brothers carried on its 500+ year tradition of naval service to Great Britain and the USA then enjoyed a career with one of the largest advertising and public relations agencies working with numerous Fortune 500 companies and many of America's premier educational institutions. He maintains friendships and acquaintanceships around the world. He lives in Santa Barbara, California.

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Congressional Democrats Dance and Dither While Americans Drown

July 17th, 2008 • Richard Cochrane
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Drilling can be funInaction on Oil Causing Largest Transfer of Wealth in World’s History

Thursday seeking to spur oil companies to drill in already leased lands introduced a “use is or lose it law” apparently not knowing that is already the law. Congressional Democrats are scrambling to appear pro-drilling - hence the “Drill Act” title for Thursday’s bill - even as their leaders appear dead set against reversing the long-standing drilling bans along the Atlantic and Pacific coasts. Speaker Pelosi and Senator Feinstein pandered to Californians’ who according to a new Field Poll still oppose offshore drilling despite paying record high gasoline prices.

Rather than acting to unlock more oil Democrats have ranted about gouging, speculators, and of course what they say are sins of the Bush administration. Congressional job approval ratings have fallen to single digits as they dither and dawdle while motorists suffer.

The national debt is $9,512,671,965,066.07 (trillion) or $31,253.44 for every man, woman and child in the nation. And thanks primarily to inaction on domestic oil production it is increasing $1.73 billion a day. This will be the largest transfer of wealth in world history.

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