A New York Times editorial this morning refutes “Drill Baby Drill” and supports President Obama’s efforts to reduce oil consumption in the face of high gas prices.
The Times editorial concludes:
“American innovation is a big part of the answer. Two byproducts of the automobile bailout were the carmakers’ acceptance of sharply improved fuel economy and a new commitment to building cars that can meet those standards. The new rules are expected to cut consumption by 2.2 million barrels a day — more than America now produces in the gulf. These and other measures are not nearly as catchy as ‘drill, baby, drill.’ But they have a far better shot, long term, of lessening this country’s dependence on oil imports and keeping gas prices under control.”