war is peace
freedom is slavery
ignorance is strength
Obama’s energy speech was as Orwellian as it gets – the speech reflected an alternate reality. If Obama sounds lackadaisical about the gas prices, it is because high gas prices are what he wants. Obama seems to not want to engage on the topic and dismisses our complaints as trivial.
An article from Investors describing Obama’s biggest fattest lies in his energy speech is paraphrased here –
“We’re focused on production.”
It is true that production is up under Obama but all permits and private industry efforts were in place prior to Obama. Obama limits production where possible – he cancels leases on federal lands in Utah, suspends them in Montana, delays them in Colorado and Utah, and canceled lease sales off the Virginia coast.
Permits in the Gulf of Mexico are crawling along. The Energy Dept. says Gulf oil output will be down 17% by the end of 2013, compared with the start of 2011. Swift Energy President Bruce Vincent is right to say Obama has “done nothing but restrict access and delay permitting.”
“The U.S. consumes more than a fifth of the world’s oil. But we only have 2% of the world’s oil reserves.” Obama likes to say”we can’t drill our way to lower gas prices,” and that U.S. supply is limited so it won’t ever make a difference to world prices.
“Because of the investments we’ve made, the use of clean, renewable energy in this country has nearly doubled.”
Production of renewable energy — biomass, wind, solar and the like — climbed just 12% between 2008 and 2011, according to the federal Energy Information Administration.
“We need to double-down on a clean energy industry that’s never been more promising.”
Renewable energy simply won’t play an important role in the country’s energy picture anytime soon, accounting for just 13% of U.S. energy production by 2035, according to the EIA.
“There are no short-term silver bullets when it comes to gas prices.”
Obama could drive down oil prices right now simply by announcing a more aggressive effort to boost domestic supplies.