Energy Fantasyland

Victor Davis Hanson, National ReviewGas is well over $4 a gallon in most places in California -- and soaring elsewhere as well. But are such high energy prices good or bad?That should be a stupid question. Yet it is not when the Obama administration has stopped new domestic offshore oil exploration in many American waters, curbed oil leases in the West, and keeps oil-rich areas of Alaska exempt from drilling. Last week, President Obama went to Brazil and declared of that country's new offshore finds: "With the new oil finds off Brazil, President (Dilma) Rousseff has said that Brazil wants to be a major supplier of new...

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