Tag Archives: Green Energy

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Obama’s new economic plan: more money for unions and Solyndras

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Obama says that we need to take taxpayer money away from job creators and give it to teacher unions and green energy companies run by Obama fundraisers.

Excerpt:

Obama said he wants to give public schools the “resources” they need to hire and reward good teachers.

“So I don’t want folks in Washington to be bashing teachers,” he said.  “I don’t want them to defend the status quo.  I want us to give schools the resources they need to hire good teachers, reward great teachers.”

Of course, the evidence shows that throwing money at public schools doesn’t produce better outcomes. The right solution is to let parents choose the schools their children would attend with a voucher. That works, but Obama is opposed to that because it would take money away from Obama campaign – which is funded by money taken from union dues. So this part of Obama’s plan is just about funneling money through the teacher unions into his campaign war chest.

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Obama additionally said he wants to “double down” on the money he has already put into solar and wind power, biofuels and electric batteries.

“Let’s double down on clean energy that has never been more promising — solar and wind and biofuels, and energy efficiency, electric batteries,” he said.  “That’s what we need to be investing in.”

Again, we have seen with Solyndra and the other similar companies that go bankrupt, that green energy is nothing but Obama handing out taxpayer money to companies linked to people who give donations to Democrats running for office. The purpose of wasting money on green energy companies isn’t to reduce gas prices for poor people. Wasting money on green energy actually raises gas prices by devaluing our currency through deficit spending and money printing. The purpose of green energy grants is to reward people who fund Obama’s election campaign. If Obama cared at all about families facing high gas prices, he would have approved the Keystone XL pipeline – and he didn’t.

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President Barack Obama has released a new video in which he praises the nation’s largest abortion business, Planned Parenthood, which is a prime endorser of his presidential re-election campaign.

“For you and for most Americans, protecting women’s health is a mission that stands above politics,” President Obama says in a video message for the Planned Parenthood Action Fund. “And yet over the past year we’ve had to stand up to politicians who wanted to deny millions of women the care they rely on and inject themselves into the decisions that are best made between a woman and her doctor.”

“Let’s be clear here, women are not an interest group. They’re mothers, and daughters, and sisters, and wives. They’re half of this country and they’re perfectly capable of making their own choices about their health,” Obama says.

Again, Planned Parenthood gets hundreds of million dollars of taxpayer money to kill babies, then they turn around and hand a bunch of their profits back to Obama with campaign contributions. All of this high sounding rhetoric from Obama is nothing but spending taxpayer money like a drunken sailor that will come back to him in the form of political contributions. That what all this “brother’s keeper” rhetoric amounts to.

More here from Investors Business Daily.

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Obama imposes 5-year oil drilling moratorium on Atlantic coast

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From Breitbart.

Excerpt:

Yesterday the Obama administration announced a delaying tactic which will put off the possibility of new offshore oil drilling on the Atlantic coast for at least five years:

The announcement by the Interior Department sets into motion what will be at least a five year environmental survey to determine whether and where oil production might occur.

Virginia Gov. Bob McDonnell notes that a planned lease sale, which the administration cancelled last year, will now be put off until at least 2018. As you might expect, Republicans were not impressed with the decision:

“The president’s actions have closed an entire new area to drilling on his watch and cheats Virginians out of thousands of jobs,” said Rep. Doc Hastings, R-Wash., who chairs the House Natural Resources Committee. The announcement “continues the president’s election-year political ploy of giving speeches and talking about drilling after having spent the first three years in office blocking, delaying and driving up the cost of producing energy in America,” he said.

This is in addition to the moratorium on drilling in the Gulf that Obama imposed before.

Excerpt:

A moratorium on drilling in the Gulf of Mexico after the 2010 Deepwater Horizon oil spill plus a longer offshore oil and natural gas permitting processes will cost the U.S. more than $24 billion in lost oil and natural gas investment over the next several years, according to a report commissioned by the American Petroleum Institute.

The study by the energy industry trade group also found that, because of the moratorium and longer permitting process, capital and operating expenditures fell over the last two years by $18.3 billion.

The region saw $8.9 billion and $146 billion in investments in crude oil and natural gas, respectively — about 6 percent of global investment dollars. But that figure would have been closer to 12 percent for 2011 had the drilling moratorium not been put in place, the report said.

“As a result of decreases in investment due to the moratorium, total U.S. employment is estimated to have been reduced by 72,000 jobs in 2010 and approximately 90,000 jobs in 2011,” the report said.

In addition to closing an entire new area to drilling, Obama is also using environmental regulations to destroy jobs and raise energy prices.

Excerpt:

Despite rhetoric to the contrary, the Obama administration is poised to deal a major blow to U.S. oil and natural gas, a leading industry group charged Thursday.

Domestic production of both fuels could plummet if proposed Environmental Protection Agency regulations, designed to limit emissions from well sites, go into effect later this year, according to an extensive new study commissioned by the American Petroleum Institute.

The natural gas extraction technique known as “fracking” would be hardest hit, and fuel extracted via the popular process would drop by about 52 percent, according to a new study commissioned by API. Total gas production would decrease by about 11 percent, while domestic oil production could fall by as much as 37 percent, the report says.

Make no mistake – this Democrat administration is opposed to job creation in the energy sector and opposed to lowering gas prices.

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Is Obama telling the truth about U.S. oil reserves?

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The Department of Energy's own figures

The Department of Energy’s own figures

Investors Business Daily explains. (H/T Master Resource)

Excerpt:

When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump.

“Even if you opened up every square inch of our land and our coasts to drilling,” he said. “America still has only 3% of the world’s oil reserves.” Which meant, he said, that the U.S. couldn’t affect global oil prices.

It’s the same rhetoric President Obama is using now, as gas prices hit $4 again, except now he puts the figure at 2%.

“With only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices,” he said. “Not when we consume 20% of the world’s oil.”

The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources like algae.

But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country’s oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world’s proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves “are a small subset of recoverable resources,” because they only count oil that companies are currently drilling for in existing fields.

When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:

At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government’s Bureau of Ocean Energy Management.

About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.

Up to 2 billion barrels of oil in shale deposits in Alaska’s North Slope, says the U.S. Geological Survey.

Up to 12 billion barrels in ANWR, according to the USGS.

As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.

Then, there’s the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale — a type of oil released from sedimentary rock after it’s heated.

[…]All told, the U.S. has access to 400 billion barrels of crude that could be recovered using existing drilling technologies, according to a 2006 Energy Department report.

When you include oil shale, the U.S. has 1.4 trillion barrels of technically recoverable oil, according to the Institute for Energy Research, enough to meet all U.S. oil needs for about the next 200 years, without any imports.

Please share this article, because it is unlikely that Obama’s Solyndra-supporting buddies in the mainstream media will report the facts on domestic energy production.