Tag Archives: Energy

Obama continues to block oil drilling as gas prices rise

From left-wing Politico.

Excerpt:

The Obama administration late Friday appealed a judge’s orders directing the Interior Department to act on several Gulf of Mexico deepwater drilling permits.

The appeal is the latest salvo in the ongoing fight over the speed with which Interior is – or isn’t – letting oil drillers get back to work after last year’s BP oil spill.

Gulf state lawmakers and the oil industry have accused the department of enacting a “de facto” moratorium against new drilling, while Interior says it needs to ensure safety and environmental protections are in place.

Friday’s appeal challenges rulings by Judge Martin Feldman of the U.S. District Court for the Eastern District of Louisiana, who on Feb. 17 gave Interior 30 days to make a verdict on five pending deepwater drilling permits applications. He later added two additional permits to that order.

The Washington Times re-caps Obama’s record on energy policy.

Excerpt:

President Obama has intentionally hamstrung domestic energy production under the delusional theory that the U.S. economy can thrive on so-called green power. As Mideast turmoil threatens the oil supply, the price of domestic crude has jumped above $100 a barrel and gas at the pump now exceeds $3.46 a gallon. This shows just how dangerous the Obama administration’s economic and energy policies can be to our wallets.

There can be no doubt that the president took deliberate action to block access to the nation’s energy resources. A federal judge recently found the Interior Department in contempt for ignoring his order overturning the oil-drilling moratorium the administration imposed following the BP oil spill in the Gulf of Mexico. On Feb. 22, Judge Martin Feldman upped the pressure by insisting that the department act on five pending permits within 30 days. Permits that would, under normal circumstances, be processed in two weeks have been ignored for four to nine months. “Not acting at all is not a lawful option,” Judge Feldman wrote. The department had no choice but to issue the first permit since the spill on Feb. 28.

Interior pinned the blame for delays on technical problems. Yet, as the department dithered, oil companies atrophied and employees lost work. According to a study released in January by the business alliance Greater New Orleans, Inc., the moratorium cost Louisiana about 25,000 jobs. Houston-based Seahawk Drilling, the most recent victim of the drilling ban, announced Feb. 18 that it had filed for bankruptcy and agreed to a buyout from a competitor. The jobs of the company’s 494 employees are in jeopardy, according to USA Today.

Meanwhile, Mr. Obama’s fiscal 2012 budget proposal calls for imposing a $4 per acre fine on oil and gas companies for land on which they currently hold leases but are not drilling. This gimmick helps the O Force imply that the industry is holding off on drilling in the hope that shortages will drive up prices.

Gas prices are up near $5 in parts of the United States.

When you reduce the supply of a commodity without a decrease in demand, prices go up. This is economics 101. But Obama doesn’t know economics 101, and that’s why we have a 14 trillion dollar national debt, and a 1.65 trillion dollar budget deficit.

Make no mistake – this is a tax on business and individual consumption. We are losing jobs because of Obama’s refusal to allow companies to increase the supply and reduce the prices that Americans pay for energy.

What are the economic effects of the green environmentalist agenda?

From Investors Business Daily.

Excerpt:

Some day, environmental radicals will be held accountable for crimes against the ecosystem — the human ecosystem.

Back in 2007, they convinced federal Judge Oliver Wanger to rule that the Endangered Species Act gave the federal government the right to cut water to thousands of farmers in California’s Central Valley to protect a 3-inch baitfish called the delta smelt.

That ruling turned many of the Valley’s prized vineyards and almond groves into wastelands. Jobs were lost, family farms were shut, fields went fallow and food prices rose.

But there’s been just one problem with this overreaching of the law: Cutting off water didn’t save the smelt.

A draft of a new study from the Delta Stewardship Council shows the water cutoffs had no effect on the smelt. The smelt remains endangered even as farmers have been punished with a policy that cut off as much as 90% of their water.

“Environmentalists claimed the sky was falling in Delta, and the only way to save smelt was to flush more fresh water to the ocean,” said Andrew House, spokesman for Rep. Devin Nunes, R-Calif. “So they embarked upon a narrow path of diverting water from (San Joaquin Valley) farmers by using science to confirm their predetermined assessment of what was going on.”

But it didn’t work. Similar evidence is now coming out from the Pacific Northwest stating that shutting down the logging industry never did save the spotted owl.

In both cases, the science was highly speculative and new predatory species seem to be more likely causes. But that never stopped cocky environmentalists from saying they had all the answers — and all the power.

“Our farmers went through two years of supply cuts to have . .. better information and science, ” said Steve Wade, executive director of the California Farm Water Coalition, commenting on the report.

Wade noted that the water shut-off has been particularly hard on family farms, many of which have gone under as a result of the policies. He said their farms have been bought out by big agribusinesses, ironic given environmentalists’ hatred of that.

Unemployment reached 40% in some areas as a result of the cutoff, and even cities like Fresno (with an unemployment rate above 16%) ended up losing 25% of their water, too.

Food lines appeared in the world’s most fertile agricultural valley, with farmworkers accepting bags of carrots grown in China, a sorry emblem of man-made famine.

House notes that not only did the water shut-off wreak havoc on Central Valley farms, its smelt-saving basis — which Judge Wanger later called “sloppy science” — managed to endanger the smelt even more by not addressing the real reason for the creature’s demise.

“They wasted so much time focusing on a phantom problem, they haven’t examined what the real problems are. Now you have the Delta Stewardship Council saying” the species may not be saved, House said.

This was never about science anyway. “It was … about re-engineering the development of California, particularly the San Joaquin Valley,” said House. “They don’t think the west side should be farmed at all, they want it removed from production, gone to a natural state, re-engineered as a socialist Utopia.”

Real people’s lives were ruined by this green alarmism. And it’s happening everywhere. People losing their jobs, paying more for electricity, food riots and even people dying from malaria in the third world because of DDT bans.

Obama’s SOTU speech: more spending on Democrat special interests

From Hans Bader at the Washington Examiner.

Excerpt:

In his State of the Union address, President Obama will call for even more spending on his cronies – what he euphemistically refers to as “targeted investments” in things like “green jobs.” Such spending benefits companies that donate millions to liberal politicians, like GE, which recently spent $65.7 million on lobbying to extract special favors from the government.

[…]“The new spending” Obama will call for will likely “include initiatives aimed at building the renewable-energy sector—which received billions of dollars in stimulus funding.”

This is a bad sign for the American worker, because such green jobs programs have wiped out thousands of American jobs in the past.  The $800 billion stimulus package used “green-jobs” subsidies to send American jobs overseas.  79 percent of those subsidies went to foreign firms, such as an Australian firm that imported Japanese wind turbines, effectively outsourcing American jobs.

[…]The Wall Street Journal reports that the President will also call for “new government spending” on education. This is also a dubious idea, given that America already spends much more per capita on education than most other wealthy industrialized countries, with worse results.

[…]Dumping more money on the educational system is unlikely to spur economic growth, since so many college students learn little in college, are not interested in learning, and only go to college in order to get paper credentials rather than an education.

[…]Unlike other countries, which focus on educating engineers and other economically-productive occupations, America focuses on superficial, ideologically-fashionable liberal-arts majors.

If I had to summarize Obama’s speech, I would say “the government will give you a unicorn in every stable”.

Let’s put the teleprompter away and review the facts.

Government spending: (i.e. – what Obama calls “investing”)

CBO Projected Federal Budget Deficits
CBO Projected Federal Budget Deficits

Unemployment rate:

Unemployment Rate
Unemployment Rate

The Democrats controlled ALL SPENDING starting in January of 2007, when they gained control of the House of Representatives and the Senate. When spending increases, businesses understand that there are only two ways to pay it off. Higher taxes, or inflation. So they stop hiring here and ship their jobs overseas. That’s Obamanomics.

Republican Congressman Paul Ryan’s response.