Obama should seize this moment by establishing our own National Oil Trust. It could be modeled after our experience with the TVA and that of the world's third largest energy exporter, Norway's National Oil Trust.
The merits of Obama's decision to allow drilling off parts of the East Coast and Alaska can be debated. But it will soon expose the dirty little secret known to everyone in the oil industry "Dill Here, Drill Now, Pay Less" was a sham.
What's most politically disturbing about the gulf spill is the cowardice of the right in failing to take any responsibility for its positions. Let us not forget the primary plank of the 2008 GOP platform: "Drill baby, drill!"
We can blame BP for the disaster, and we should. We can blame lack of adequate government oversight, and we should. But in the end, we also must place the blame where it originated: America's addiction to oil.
I can understand that cash-strapped agencies needed time to respond to a crisis of this size, but they have had more than a month, and yet we still don't know where the oil is right now or how it is affecting fisheries.
If you've been following the increasing ecological devastation unfolding in the Gulf of Mexico, then you should know about -- and protest -- Shell Oil's plan to begin exploratory oil drilling in Alaska this summer.