After eight weeks, President Obama has decided he needs to stop letting our crisis in the Gulf of Mexico go unexploited. In an Oval Office address tonight, he’ll explain why, as he recently told Politico’s Roger Simon, the spill should “shape how we think about the environment and energy for many years to come” — just as our perspective on foreign affairs was “profoundly … indelibly” changed by 9/11.
Oh, so within eight years our government will be studiously avoiding the word “oil” and referring to “pipeline-caused disasters”? Maybe a future president will make speeches about how oil barons helped pave the way for the European Renaissance.
Nah, probably not.
Obama reportedly hopes the spill will reinvigorate efforts in Congress to pass a cap-and-tax bill. The Gulf oil spill is a tragedy, but it doesn’t change the basic calculus about cap-and-tax — namely that, among other things, it:
1. reduces, not increases, employment by giving companies an incentive to move production to