(Christian Science Monitor, September 18, 2006)
At the risk of becoming the most unpopular person in the suburbs, I have to admit that my feelings about the recent discovery of a vast new oil deposit beneath the Gulf of Mexico are mixed. The new find, in what is known as the Jack Field, will sharply increase US oil reserves. That is a good thing. Our dependence on Middle Eastern oil is far too great, given the region’s instability. The new find may also sharply decrease the price of gasoline. That is the part that bothers me..