Obama’s Plan on Energy Future is a “Dry hole”

President Obama took his limousine in a 60 vehicle motorcade Wednesday, to make a speech at Georgetown University on a “Secure Energy Future”. This was another standard campaign style rally masquerading as a policy speech.

Obama is the eighth president, starting with Richard Nixon in 1973, to try and corral our gasoline dependence and become energy independent. Richard Nixon, Gerald Ford, Jimmy Carter, Ronald Reagan, George H. W. Bush, Bill Clinton and George W. Bush have all trotted out some kind of policy and we are still worse off than when it began.

The distinction here is that President Obama doesn’t use his supposed lofty rhetoric to inspire us, instead he can only attack and insult his opponents. Barack Obama must be one bitter man.

It didn’t take him more that five minutes to knock Sarah Palin,

“Now, here’s the thing -– we have been down this road before. Remember, it was just three years ago that gas prices topped $4 a gallon.  I remember because I was in the middle of a presidential campaign.  Working folks certainly remember because it hit a lot of people pretty hard.  And because we were at the height of political season, you had all kinds of slogans and gimmicks and outraged politicians — they were waving their three-point plans for $2 a gallon gas.  You remember that — “drill, baby, drill” — and we were going through all that. (Laughter.) And none of it was really going to do anything to solve the problem.  There was a lot of hue and cry, a lot of fulminating and hand-wringing, but nothing actually happened.  Imagine that in Washington.” (Laughter.)

Sarah Palin responded to Obama’s speech by saying, “It’s unbelievable (literally) the rhetoric coming from President Obama today. This is coming from he who is manipulating the U.S. energy supply. President Obama is once again giving lip service to a “new energy proposal”; but let’s remember the last time he trotted out a “new energy proposal” – nearly a year ago to the day. The main difference is today we have $4 a gallon gas in some places in the country. This is no accident.”

“Meanwhile, the vast undeveloped reserves that could help to keep prices at the pump affordable remain locked up because of President Obama’s deliberate unwillingness to drill here and drill now. We’re subsidizing offshore drilling in Brazil and purchasing energy from them, instead of drilling ourselves and keep those dollars circulating in our own economy to generate jobs here.”

Obama committed to slashing oil imports by one third by 2025, an empty promise to say the least, the same kind of boiler plate he made at his State of the Union address. It was another “rainbows and unicorns” attempt at his grand shell game of a presidency.

I made my speech on energy, rather the fact that the United States will  NEVER achieve energy independence back in May of last year. The United States Will Never Achieve Energy Independence

Obama brushed aside the potential exploration of our oil reserves by saying the U.S. only had about 2% of the World’s supply; a calculated misstatement as it is really closer to 10%. (A Guide to Oil reserves and Resources) This president always distorts the truth to make his point, in this case, to promote the increased exploration of natural gas.

It just so happens that T Boone Pickens is a huge Obama supporter and just by coincidence, T Boone’s own fortune is tied up in natural gas — and he would benefit.

Pickens is the largest shareholder in Clean Energy Fuels, a California company that owns and operates 200 natural gas refueling stations across the country. Clean Energy also owns Dallas-based BAF Technologies Inc., a company that converts vehicles to run on natural gas. Pickens also owns mineral rights on 156,000 acres in Pennsylvania and West Virginia and 30,000 acres in Oklahoma and Kansas.

Obama was quick to kill deep water drilling in the Gulf, after the BP rig explosion. Now that the New York Times has written three expose articles on the lax regulations of Gas Wells, I seriously doubt Obama or the EPA will do a damn thing about natural gas drilling. (Regulation Lax as Gas Wells’ Tainted Water Hits Rivers)

“This speech was more about polluting the future than winning it,” said Friends of the Earth Climate and Energy Director Damon Moglen. “President Obama today doubled down on his support for dirty energy sources including the nuclear, corn ethanol, oil, natural gas, and coal industries, while going AWOL on a crucial fight over the Clean Air Act.”

Rep. John Culberson, R-Houston said, “Sadly, we’ve already seen American jobs leave the Gulf Coast and head to the president’s recently championed Brazil as a result of this administration’s de facto moratorium on offshore drilling,” “Adding insult to injury, industries are starting to relocate to countries like India and China, where no emissions standards exist, providing zero net benefit to our environment.”

Culberson said Obama’s priorities make no sense and will cost taxpayers and companies many dollars.
“You don’t need a PhD in economics to understand that further regulations will only serve to eliminate jobs and raise energy prices for struggling American families and businesses,” he said. “The fact of the matter is that oil and gas companies do not need incentives for expedited development….The only people who need ‘incentives’ are the ones sitting in the president’s administration who are proposing additional regulations that will further slow the leasing process.”

The President’s campaigning for 2012 continues and the price we are paying at the pump is still going up. Thanks for the bullshit, President Obama.

Posted 0050PT
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