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Sec. Richardson as King Canute | |
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| Canute was the legendary
king of 10th century Britain who is said to have brought his court down to the sea, had
his throne plunked down in the shallow water, and then commanded the tides not to rise.
It didn't work then, and it's not going to work now when Energy Secretary
Richardson tells the world how unhappy he is with the petroleum price level. True,
the secretary can flood the world with cheaper oil from domestic stockpiles for a few days
or weeks. But then what? There is no substitute for having an effective energy
policy and the secretary
doesn't have one. He's not even close. Policy Pete |