US President's Clueless Policies Continue to Weaken US
If the United States chooses to cut itself off from its largest, most reliable, and most durable supply of crude oil, from where will it, with its continuing high use of transportation fuel, get its future imports? Crude oil production in two other major U.S. suppliers in the Western hemisphere, Mexico and Venezuela, has been declining (by, respectively, more than 20 percent and more than 15 percent between 2005 and 2011), and in the Middle East the United States faces enormous competition from China.
By preventing the oil flow from Canada, the United States will thus deliberately deprive itself of new manufacturing and construction jobs; it will not slow down the increase of global CO2 emissions from fossil fuel combustion (OK, by two weeks, perhaps); it will almost certainly empower China; and it will make itself strategically even more vulnerable by becoming further dependent on declining, unstable, and contested overseas crude oil supplies. That is what is called a spherically perfect decision, because no matter from which angle you look at it, it looks perfectly the same: wrong. _Vaclav Smil
If the US President were to pay attention to intelligent voices for a change -- such as the voice of Vaclav Smil, quoted above -- he would probably make a lot fewer mistakes, and his country would be in a much stronger position.
Unfortunately, Obama's bad ideas are not limited to the energy sector:
President Barack Obama continued his efforts to make China stronger and America weaker during last weekend’s Asia-Pacific Economic Cooperation (APEC) summit in Hawaii. How? By pressuring Chinese President Hu Jintao to increase the value of the yuan relative to the dollar. If successful, this policy will make Americans poorer relative to the Chinese.One must look for a long time to find anything that Obama has done right. So sad, and so preventable.
The theory behind the Obama Administration’s weak dollar policy is seductive, but wrong. _Forbes
Obama has invested deeply into the green scams and bubbles of his crony friends and supporters, while suppressing and prohibiting all possible forms of energy which are reliable and plentiful.
Without huge government subsidies, big solar and big wind are not viable. Neither are truly viable even with the huge subsidies which are proving ruinous to government budgets from Spain to California -- but without the subsidies, these renewables quickly go nose down into a crash and burn.
If the US re-elects their clown president, they will be committing suicide as a nation. Even with a more rational administration, there is no guarantee that the US can pull out of its steep nosedive.
Hope for the best. Prepare for the worst.