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Wednesday, June 18, 2008 12:00 AM

Gas prices and offshore drilling

Not much is at stake on Election Day 2008. Just the long-term health of the global economy and the future of the planet. That's what the offshore drilling debate is all about.

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  • Wednesday, June 18, 2008 01:16 PM

    Redistributing the wealth

    This could be fun. First we take Mr. Leonard's wealth (retirement plan, real estate, other investments) and distribute the funds to low income individuals living in rural areas. These people have a difficult time paying for fuel, much less affording a hybrid vehicle. Next we could institute a windfall profits tax on the television and movie industries and distribute the money to people living in areas without mass transit so they can purchase more fuel efficient vehicles. Added to that could be a 70% tax on profits of companies selling carbon credits. We could distribute the tax revenues to low and moderate income families whose cost of living has increased with higher energy prices. Better than all these, we could pull a Hugo Chavez and nationalize the oil and gas industry in the U.S. We could hire the experts from PEMEX to come to our country and show us the proper way to operate a national oil company. While you are at it, tell us all how long it will be before alternative energy sources are developed and put into use so that we can end the production of oil and gas.

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