Our Energy Policies Benefitting Elites

Deneen Borelli

Deneen Borelli eloquently stating the facts about our energy policy:-“…Our nation’s natural resources and access to affordable energy are under assault from environmentalists, business interests and progressive politicians. Their plan is to raise the price of fossil fuels to make renewable energy economically competitive.

But too many Americans already face significant financial difficulties due to soaring energy costs and rising food prices. For example, a May 2011 USA Today/Gallup poll found that seven in ten Americans say high gasoline prices are causing them personal financial hardship.

Lower-income families are hardest hit by soaring energy prices. A recent study concluded that these households are spending nearly a quarter of their incomes on energy costs. Considering income inequalities, energy price increases have a disproportionately large effect on black and Hispanic households.

This crisis reverberates. Wal-Mart, the nation’s largest retailer, cites higher gasoline prices for disappointing sales. A poll conducted by the wholesaler website DollarDays.com found 25 percent of small business owners fear high fuel prices will lead to layoffs.

President Obama’s energy policy is a major contributor to this economic pain. Instead of taking advantage of our nation’s abundant supply of domestic natural resources — coal, oil and natural gas currently provide about 85 percent of our energy needs — Obama is waging a war on fossil fuels…” Read here: Energy for the Elite