The Obama Energy Boom That Isn’t & the Destruction of Our Energy Industry

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Domestic energy production is increasing and jobs are arising out of energy construction. Obama is responsible, right? No, it is the result of private-sector investment and policies put in place by his predecessors. Obama’s policies jeopardize the progress we have made and will eventually destroy the energy sector.

Obama’s policies are driving up energy prices for consumers as he promised when he said they would necessarily skyrocket or when Chu, his energy secretary said he wanted $10 a gallon gas. Gas prices have doubled under Obama. If Obama’s policies continue, things are going to get a whole lot worse.

CNS News: …Over the past three years, the president has systematically discouraged new energy exploration and development. His proposed five-year offshore lease plan sharply restricts the sale of leases for energy exploration and bans energy development on 97 percent of the available offshore areas. Since Obama issued his six-month deepwater moratorium in 2010, the number of permits issued for offshore energy development has declined a staggering 40 percent to 50 percent.

As a result of the president’s policies, energy production in Alaska and the Gulf of Mexico is projected to decline. Energy production in Alaska is threatened to such an extent that the future viability of the Trans Alaska Pipeline System, a vital source of domestic oil, is now in question.

The president is also restricting energy production on federal lands. While energy production from federal areas was relatively high in 2010 and 2011, almost all of that production was from leases issued before he entered office. Under the Obama administration, the issuance of new drilling leases and permits to drill on federal lands has declined by 44 percent and 39 percent, respectively.

Perhaps the most spectacular example of the president’s hostility to increased domestic production is his recent rejection of the largest shovel-ready project in the United States, the Keystone XL pipeline, which, in addition to boosting domestic production, would immediately create 20,000 jobs. The pipeline would also greatly enhance the reliability of our energy supply by replacing crude oil imports from places like Venezuela with imports from Canada, our nation’s closest trading partner…

Thanks to the extremism of the EPA and their exaggerated regulations regarding greenhouse gas emission rules, the cost of energy is on a steady rise as Obama promised it would be before he was elected.

Obama is placing our energy security in grave danger.

…Approving the Keystone XL pipeline, streamlining how offshore and onshore permits are issued, lifting the offshore oil and gas moratorium in the Eastern Gulf and Atlantic and Pacific Coasts, relaxing boutique fuel requirements, opening offshore areas of Alaska and Alaska’s North Slope and stopping new regulations that will drive up the price of gasoline are just a few of the actions that could be taken today to open up domestic energy resources and ease Americans’ pain at the pump.

Robust domestic energy production will create jobs, enhance the reliability of our energy supply, spur economic development and help keep gas prices down. It’s time for the president to stop stifling American energy and start encouraging the development of all our nation’s energy resources…Read more:Politico – Sen. Thune

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