Michael Milken’s opening presentation at a conference on “America’s Energy Future” included a damning series of slides quoting eight broken promises from American presidents regarding foreign oil dependence. The Christian Science Monitor collected the quotes into one column to make the hypocrisy (or utter ineffectiveness) even more obvious:
* In 1975 with 36.1% of oil from foreign sources, President Gerald Ford said, “We must reduce oil imports by one million barrels per day by the end of this year and by two million barrels per day by the end of 1977.”
* In 1979 with 40.5% of oil from foreign sources, President Jimmy Carter said, “Beginning this moment, this nation will never use more foreign oil than we did in 1977 – never.”
* In 1981 with 43.6% of oil from foreign sources, President Ronald Reagan said, “While conservation is worthy in itself, the best answer is to try to make us independent of outside sources to the greatest extent possible for our energy.”
Go here for the other five. It’s a must read. And for the record, “drill, baby, drill” is not a viable solution to this problem. Yesterday’s satellite photo of the Gulf of Mexico oil slick is all the answer anyone needs to that tired meme.