Wall Street Journal:

Sanford C. Bernstein & Co. analyst said in a report there is a lot of offshore crude that can be produced relatively quickly. The problem: It is located off California, where politicians have built careers opposing new drilling.

“California could actually start producing new oil within a year if the moratorium were lifted,” the Sanford C. Bernstein report said, because the oil is under shallow water, it has been explored and there are drilling platforms that have been there since before the moratoria went into effect.

Meanwhile, Barack Obama’s “fast-track” plan for reducing foreign oil imports will take a minimum of 10 years and has no guarantees.

According to the Obama campaign, only plans that “would provide short-term relief at the pump or a long-term strategy for energy independence…would be worthy of our consideration.” And 10 years with no guarantees is a better plan?