Some economic fantasies never seem to recede, even in the face of economic reality. One of these is the belief that if only more and more federal land were opened to oil and gas drilling, local and state economies would enter a period of permanent prosperity. That source of extensive economic prosperity, we are told, is just beneath our feet. All we have to do is drill. But, we are told, the federal government’s environmental regulations and bureaucratic incompetence block this drilling and keep us unnecessarily poor.