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President Obama recently expressed enthusiasm for aggressive offshore drilling--in Brazil. His energy "blueprint" will get no further than all previous presidential schemes because it is unserious at its core.
Russia is poised for the first time in two decades to make its presence felt in the northern Pacific Ocean.
The Bush administration is busy burying $3 billion underground––the cost of filling the Strategic Petroleum Reserve to its 700-million barrel capacity––without any good reason.
The mullahs are addressing their vulnerability to a gasoline shortage.
The New York Times rattled energy markets this week with a Sunday front page story asserting that many "insiders" in the natural gas industry harbor serious doubts about the long-term viability of the natural gas market.
Ahmadinejad has run Iran's economy into the ground.
Venezuelan dictator Hugo Chávez is cementing strategic relations with China; the United States can no longer afford to practice wishful thinking but must recognize the threat growing in Venezuela.
Cushioning the pain of higher oil prices by cutting oil taxes or drawing on the Strategic Petroleum Reserves would only prolong the period of adjustment to higher oil prices.




