Investor’s Business Daily Editorial
Energy: President Obama says he’s taking every step to thwart the Islamic State terrorism threat. Alas, that isn’t so. We can and should drill our vast oil and gas resources to reduce petro-dollar funding of ISIS.
But for this administration — hyper-obsessed as it is with its crusade against fossil fuels — fighting a war against terrorism remains a distant second priority.
The dollars ISIS uses to buy arms, train terrorists, make bombs and build a network of murderous operatives around the world come from Middle East oil.
Every credible news agency and intelligence report tells us they are able to wreak world havoc because they have as much as $50 million of oil money flowing in each month.
One obvious way to disrupt those now threatening to launch Paris-like attacks in London, Washington, D.C., New York and elsewhere is to produce more oil right here in the U.S. — depriving terrorists in the Mideast of a major part of their revenue stream.
We now have an economic and national security case for shale oil and gas drilling and for using our vast coal resources. As such, to support domestic energy production so we don’t have to finance those who are trying to kill us is, well, patriotic.
With a pro-drilling policy, the U.S. can be a net exporter of oil and natural gas within five years or so.
Technological leaps forward have given us more energy production capacity than any other nation in the world. We can easily replace OPEC and Russia.
But Obama is doing all he can to stop U.S. production, and he recently declared that we need to keep our energy resources “in the ground.”
If anti-energy decisions — such as the ban on oil and gas exports and Obama’s recent rejection of the Keystone XL pipeline — were reversed, domestic production could easily double.
Domestic drilling alone won’t destroy ISIS, but it’s a simple and obvious step that will incapacitate our sworn enemies and help our domestic economy at the same time.
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