Tag Archives: Gas Prices

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Obama continues to block oil drilling as gas prices rise

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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.

News

“Clean energy” plant closes after receiving 58 million in subsidies

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From CNS News. (H/T ECM)

Full text:

A clean energy company is closing its factory in Massachusetts, just two years after it opened the solar plant with about $58-million in taxpayer subsidies, the Boston Globe reported. Evergreen Solar calls itself a victim of weak demand and competition from cheaper suppliers in China.

The newspaper describes Evergreen Solar’s closing a major hit to Democratic Governor Deval Patrick’s efforts to make Massachusetts a hub of the emerging clean-energy industry.

“The administration persuaded Evergreen to build at Devens with a package of grants, land, loans, and other aid originally valued at $76 million. The company ended up taking about $58 million, one of the largest aid packages Massachusetts has provided to a private company,” the newspaper reported.

Gov. Patrick, a VIP at Evergreen’s 2008 ribbon cutting, was heavily criticized by his rivals in 2010 for providing so much public aid to a company during tight fiscal times.

The Evergreen closing will eliminate 800 jobs in the commonwealth, the Globe reported.

This reminds me of the Liberal government in Ontario, Canada – they wasted tons of money on green energy as well, and since the province owns the electricity company (Ontario Hydro), all the people have to pay double what they were paying before the green energy initiatives.

Obama raises gas prices by choking oil supply

Meanwhile, at the federal level, Obama is raising gas prices to appease his environmentalist faction. (H/T ECM)

Excerpt:

For the past nine months, Pres. Barack Obama has unilaterally taken steps that will lead to higher gas prices for struggling consumers, and fewer jobs and economic growth for our nation. Now Obama’s handpicked oil-spill commission (made up of environmentalists and political allies) has recommended more steps that will take us farther down that path of needless economic chaos — and, unsurprisingly, President Obama has responded to this report by looking into additional unilateral actions he can take outside the oversight of Congress.

The commission report took its cues from President Obama, calling for more regulation, more government control, and less drilling.

[…]But the Obama commission apparently failed to consider the impact of reforms on taxpayers and on our energy industry. While the commission correctly included a focus on risk-based assessment for all individual offshore activities and operations, they spent entirely too much time appeasing environmental activists with proposals for ways to slow the industry down, like expanding the time it takes for a lease application to be reviewed and recommending a vast amount of new industry-wide regulations.

This is exactly what President Obama aims to do: slow down or stop entirely the drilling of fossil fuels in the U.S., raise the price of existing and new supply wherever it comes from, and use unilateral executive-branch action to make gas so expensive that alternative energy sources will become viable dollar-to-dollar.

Do you see now why people shouldn’t vote for the best looking or youngest candidate? It actually matters who the President is – because the President’s decisions affect the prices of the things you use every day.

That is why making voting decisions based on emotions and happy-clappy talk about helping the poor and helping the environment is such a bad idea. It’s anti-marriage and anti-family. If the government is taking people’s money and wasting it, then people can’t afford marriage and children. The people who whine the most about men not wanting to marry fail to see that it is exactly these feel-good policies that made marriage and parenting UNAFFORDABLE. Either vote based on emotions, or vote for family. There is no third way.

Either the government spends the worker’s money, or the worker spends his own money. What is it going to be? Either policy is meant to make us congratulate ourselves on our moral superiority, or it is meant to enable us to afford to do what we ought to do – marry and raise children. What is it going to be?

News

Democrat energy policies lead to higher unemployment and higher utility bills

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Here’s an editorial from the sensible Washington Times. (H/T ECM)

Excerpt:

The federal government is ushering in 2011 with new powers that will jack up energy costs for consumers. In the name of fighting unproven climate-change theories, bureaucrats are pushing through tough new business restrictions on emissions from energy plants that light and heat homes across the country. As a result, Americans in the near future may be forced to pay a hidden tax in their electric bills or, worse, find themselves in the dark and cold.

The Environmental Protection Agency’s new rules, which take effect Jan. 2, will impose limits on carbon dioxide. The EPA’s primary targets are coal-plant operators, who will be forced to choose between retrofitting their facilities with expensive emissions-control equipment and cooling towers or shutting them down. Democratic Sen. John D. Rockefeller IV – whose West Virginia coal-country constituents have the most to lose from the tough emissions restrictions – announced Friday that he had failed in his 11th-hour attempt to force a Senate vote to suspend the regulations before they take effect. His measure would have delayed for two years the new emissions requirements for power plants, refineries and manufacturing factories under the Clean Air Act.

A study released Dec. 8 by the Brattle Group, an economic consultancy, found that the new EPA rules could force the retirement of older power plants that produce 50,000 to 67,000 megawatts of electricity, or roughly 20 percent of the nation’s coal-fired power plants. As many as 70 million homes could be subject to blackouts, according to American Solutions, an advocacy group for conventional energy. Equipping remaining plants to comply with the mandates would cost $100 billion to $180 billion, the Brattle report warned. Those expenses would be passed along to consumers in the form of higher electric bills.

But it’s no problem, because we can just buy more oil from nations that sponsor terrorism and ship our jobs overseas. The Democrat party is the pro-terrorism and pro-outsourcing party. They want you to pay more for oil and gas, and they want to enrich nations that are hostile to American interests abroad. The moratorium on drilling, the subsidizing of “green jobs” programs, the blocking of new refinery construction, the blocking of new nuclear power plants, and so on, all add to higher gas prices and higher energy prices. This means less money in to bank accounts of working families for the things that working families need.