$10 Billion and nowhere to spend it

Help the oil companies spend their lucre, won’t you? 1

At a press conference this afternoon, Secretary of the Interior Gale Norton came up with another creative reason to open the Arctic Refuge to drilling: The oil companies need some place to invest their record profits!

(Or so I'm inferring from this E&ENews PM headline "ANWR: Oil industry needs places to invest profits, Norton says." I can't get the full story because I have no subscription.)

Why not spend the rest of Friday afternoon thinking of better ways for the oil companies to spend their profits? Leave your bright ideas in comments or send them to Sec. Norton.

Ana Unruh Cohen is the director of environmental policy at the Center for American Progress and a frequent Grist blogger.

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  1. Sarah K. Burkhalter's avatar

    Sarah K. Burkhalter Posted 7:27 am
    28 Oct 2005

    Now, now, let's not be too hasty ...... I'm sure Norton has environmental reasons for drilling in the Refuge. Because she's a lifelong conservationist! It says so right here in her bio! She believes that for conservation to be successful, the government must involve the people who live and work on the land! (I'm sure she's been up to the Arctic multiple times to chat with the native people). She supports environmentally sensitive energy production on public lands, including renewable sources! And uh ... she's an avid hiker!
    Excuse me while I go vomit.

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