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Leadership: Making jokes about remembering what it was like to pump gas or speaking at a foreign-owned wind turbine plant does not ease the pain at the pump that has been orchestrated by the White House.
President Obama found time on the eve of a possible government shutdown to dine with the Rev. Al Sharpton, address his National Action Network Annual Gala and make quips about an energy crisis America finds increasingly unfunny.
"I don't pump gas now, but I remember what it was like pumping gas. ... I remember the end of the month (paying bills) .. . I remember that," the president joked Wednesday. Now he spends his time running up the nation's bills while he fulfills his campaign promise to make energy prices "necessarily skyrocket."
The president said he was not "out of touch" as the media accused President George H.W. Bush of being when he demonstrated unfamiliarity with supermarket scanners. No, the president is plugged into reality as he test-drives overpriced electric cars no one wants and tours foreign-owned wind turbine plants.
Speaking at such a plant in Fairless Hills, Pa., owned by the Spanish firm Gamesa, Obama said there was "not much we can do next week or two weeks from now" about gas prices. He didn't address his two-year war on domestic energy including a seven-year moratorium on oil drilling off both coasts, the eastern Gulf of Mexico and in the Chukchi and Beaufort seas off Alaska.
He could lift that ban today, sending a powerful supply-and-demand signal to the market. He could unlock areas in the West where oil shale reserves are estimated to be triple the crude Saudi Arabia has underground.
He could support the Keystone pipeline project to deliver oil from Canada's tar sands to the U.S. market. That project would build a 1,661-mile pipeline from Alberta to refineries near Houston, create 13,000 "shovel-ready" jobs and provide 500,000 more barrels of oil per day. But the president who wants to reduce oil imports by a third wants to increase them from Brazil.
Instead, the president says oil companies aren't using the leases they have. But an oil lease is only a license to explore, not a guarantee of finding oil. If there were oil in these areas that could be profitably extracted, oil companies would do so.
They're not the ones who are driving up prices by restricting supply. It's an Obama administration that includes a secretary of energy, Steven Chu, who has said "we have to figure out how to boost the price of gasoline to the levels in Europe." He was talking about $8 a gallon or higher.
Budget Battle: Fresh on the heels of the Republican budget plan unveiled this week by Rep. Paul Ryan, liberals in Congress are preparing to unveil their own. We've glimpsed some of the details. They can't be serious. Paul Ryan's plan to restore fiscal sanity is many things, but insincere is ...
Regulation: The political left has governed the pharmaceutical industry so relentlessly that it takes $1 billion or more to bring a drug to market. Is that the proper treatment for an industry that can save us from a superbug? Scientists have found a gene in some bacteria in New Delhi's ...
Big Government: The media are primed to blame Republicans for an impending shutdown that Democrats are praying will happen. The dirty secret is that government doesn't shut down during shutdowns. During the Clinton administration, a budget confrontation with the Republican Congress led to a ...
Sometimes it takes a bit of legal political extortion to get politicians to do the right thing, even the very thing they've claimed they want to do. Such was the case with breaking the shackles President Obama and the Democratic Party clamped on the Colombia Free Trade Agreement at the behest of ...
On Sunday, House Budget Committee Chairman Paul Ryan laid out the gist of his strikingly bold budgetary proposal. On Tuesday, he released his well-conceived plan in its entirety. On the day in between, President Obama launched his re-election campaign. Whether Obama acted consciously in ...
Posted By: dwdrury(3700) on 4/8/2011 | 12:38 AM ET
Vote Obama: No Change, No Hope, No Clue
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Posted By: dorsaighost(35) on 4/7/2011 | 11:18 PM ET
sneakers and Manny ... wow, so much nonsense in so little space ... sneakers, if you are an energy expert I'm a billionaire ... and Manny, what "new technology" do you expect us to drive to work in or haul freight with or deliver packages to your home with ? your ignorance of the real world of energy can't be solved by me, you need to do your own homework ...
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Posted By: sneakers(20) on 4/7/2011 | 11:02 PM ET
MannyElTigere, Couldn't agree more. New drilling technology has opened up much cheaper energy sources of oil and natural gas than so-called green energy (I work for a company with considerable wind/solar market presence). As I travel the globe as an energy expert, I am truly amazed at the complete lack of understanding of energy markets, and markets in general, by the typical American compared to, say, a Brazilian, Chilean, or Chinese.
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Posted By: MannyElTigere(15) on 4/7/2011 | 8:36 PM ET
We need to get off Oil, whether domestic or foreign. We need to embrace new technology and if possible, regulate the energy market, even if it goes against our own fiber of FREE-MARKETS. Free-market exists to PROFIT on the back of the consumer. More Oil is to favor those who have a major stake on that commodity. We need a change. Are you willing to jump into the painful bandwagon for our children to have a better, independent future?
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