In a post titled “McCain Should Link Tsar Putin with ‘Drill, Drill, Drill’” CNBC’s Larry Kudlow is spot on:
But global strategist Thomas Barnett has the energy angle on Russia’s invasion of Georgia exactly right. He says, “Now we all have clarity about the nasty nature of Putin’s Russia,” and this gives us clarity on the need to dramatically reduce our dependence on foreign oil. He asks: Why would the U.S. want to expose the American economy to the potential risk of being held hostage by a couple of oil pipelines that run through the old Soviet empire? He goes on to say, “It’s all-of-the-above time, gang–domestic drilling, nukes, concentrated solar, deep geothermal, clean coal, and whatever else Silicon Valley and heroic capitalists everywhere can dream up as we conduct a market-driven transition to a post-hydrocarbon economy.” (Hat tip to Jimmy Pethokoukis.)