Saturday, September 29, 2012

Quote of the Day

Steven Hayward, a major contributor to PowerLineBlog, writing about the Obama administration's anti-energy policies:
It is axiomatic that if the federal government had realized five or six years ago that the technological advances in directional drilling and hydraulic fracturing that have set off the current domestic oil and natural gas boom were coming, they surely would have done something to stop it.
Maybe not Hayward's "five or six years," but I'd certainly accept "four years." BTW, directional drilling isn't new - has existed for decades - but perhaps has been improved in recent years.