How Obama Could Help US Energy: Get Government Out of the Way!
Without his nose growing visibly, the President claimed the government was behind the technological advances that led to the current shale gas boom, and even suggested that he might take credit for the rise in domestic oil production. In fact, Mr. Obama's administration has hampered and castigated oil companies at every turn. In the light of the hysterical grandstanding over the BP Gulf spill (whose impact proved to be greatly exaggerated), it was ironic indeed to hear the President now declare a great opening up of offshore exploration.In other words, the US oil & gas sector has grown and prospered despite Obama's agenda of energy starvation. Imagine how much healthier US energy and US industry would be without vicious governmental harassment and regulatory handicapping.
The industry has responded to attacks by becoming more innovative and productive. According to the U.S. Energy Information Administration, between 2007 and 2010, U.S. oil production grew from 5.1 million barrels a day (mbd) to 5.5 mbd. The agency predicts domestic production will hit 6.7 mbd by 2020, helping take imports down to 36% of domestic usage in 2035 from 60% in 2005. So much for peak oil. Meanwhile, the EIA also predicts that by 2016, thanks to the shale boom, the U.S. will be a natural gas exporter. _NatPost
After taking credit for prosperity that has occurred despite everything he could do to shut it down, Mr. Obama goes on to promote the green energy scams which are helping to kill Europe, and which will certainly destroy any economy foolish enough to depend upon them.
One wonders if the President has the slightest clue about the flagging state of the wind and solar industries in Germany, or that what is boosting China's alternatives industry is government subsidies ... from other countries.Obama says he is promoting clean oil technologies, and takes credit for the economic success of technologies which he has tried to kill, but more intelligent people can see through his endless crap. Obama's ongoing (although publicly undeclared) war against coal, oil sands, oil shale kerogens, shale oil & gas, advanced nuclear power, arctic oil, offshore oil, etc. etc. amounts to a total policy of energy starvation -- relentlessly pursued by the EPA, NRC, Interior Department, and a score of other agencies and politically controlled bureaucratic entities.
The President announced a plan to devote huge swathes of public land to the development of clean energy to power "three million homes." He also apparently committed the Navy to buying a chunk of this power, as if it weren't expensive enough to guard the Strait of Hormuz.
Mercantilist alternative energy strategies represent - as Jimmy Carter famously suggested - the "moral equivalent of war." The problem is that it is war on one's own economy. At least, with his partial ceasefire against the oil industry, President Obama is now only shooting himself in one policy foot rather than both. _NatPost
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