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June 18, 2008
Posted: 02:30 PM ET
FROM CNN’s Jack Cafferty: Can you tell it’s an election year? After a moratorium against drilling for oil in Alaska and off the coast of the U.S. for the last 27 years, suddenly the politicians are saying “to hell with the environment and the tourism industries in places like Florida… let’s drill for oil now!” Funny how gas hits four dollars and politicians throw their principles out the window. President Bush and John McCain both favor drilling as though it will take the place of a coherent energy policy. If exploration started today, some experts predict it could take ten years before you could pump the oil from the coastal areas and Alaska into your car as gasoline. The economic implications for states like Florida – that rely heavily on tourism – are immense. In the event of a leak or a spill, the entire coastline could be ruined. Remember the Exxon Valdez. The political implications for John McCain’s chances of being the next president are also large. If coastal drilling happens in California, McCain can forget about it. Californians are among the most environmentally conscious folks in the country and are staunchly opposed to drilling for oil off their coast. Florida could react the same way. Clean beaches are vital to the state’s economy. But suddenly Florida’s governor, Charlie Crist, who some think is salivating at the chance to be McCain’s V.P., is all in favor. Until yesterday he was opposed. Critics of the idea point out that the oil companies currently have 68 million acres under offshore lease that are not being developed. But critics be damned… full speed ahead. It’s an election year and the voters are mad about gas prices. Here’s my question to you: Is drilling for oil in Alaska and off the coast the answer to high gas prices? Interested to know which ones made it on air?
Mark from Oklahoma City writes: Brock writes: T. writes: Ed from Sebring, Florida writes: Ray from Florida writes: Andy writes: Filed under: Economy Oil Prices
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