As Obama approves offshore drilling, Burt Rutan affirms that the U.S. has centuries' worth of oil at its disposal, but thinks "it would be kind of cool if we just left ours in the ground and then when Saudi Arabia is out...charge them $1,000 a barrel for it."
In April 1982, Rutan founded Scaled Composites to develop research aircraft. Since its founding, Scaled has been the world’s most productive aerospace prototype development company, developing new aircraft types at a rate of one each year.
Recent projects include the White Knight and SpaceShipOne, the world’s first privately funded spacecraft. He made international headlines on 21 June 2004, when with Mike Melvill at the controls, SS1 flew history’s-first private manned space flight. On 4 Oct 2004, SS1 won the $10M Ansari X-prize (two flights within 5 days flown by Melvill and Brian Binnie). The Virgin Atlantic GlobalFlyer designed and built at Scaled made its maiden flight in March 2004 and a record setting solo world flight in March 2005.