Tag Archives: Oil Prices

Democrat energy policies lead to higher unemployment and higher utility bills

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.

Obama administration modifies report by experts

Story here at Fox News. (H/T ECM)

Excerpt:

The seven experts who advised President Obama on how to deal with offshore drilling safety after the Deepwater Horizon explosion are accusing hisadministration of misrepresenting their views to make it appear that they supported a six-month drilling moratorium — something they actually oppose.

The experts, recommended by the National Academy of Engineering, say Interior Secretary Ken Salazar modified their report last month, after they signed it, to include two paragraphs calling for the moratorium on existing drilling and new permits.

[…]In a letter the experts sent to Salazar, they said his primary recommendation “misrepresents” their position and that halting the drilling is actually a bad idea.

The oil rig explosion occurred while the well was being shut down – a move that is much more dangerous than continuing ongoing drilling, they said.

They also said that because the floating rigs are scarce and in high demand worldwide, they will not simply sit in the Gulf idle for six months. The rigs will go to the North Sea and West Africa, possibly preventing the U.S. from being able to resume drilling for years.

They also said the best and most advanced rigs will be the first to go, leaving the U.S. with the older and potentially less safe rights operating in the nation’s coastal waters.

Unbelievable. The Obama administration consulted with experts and then disregarded their policy recommendations! And the Democrats are actually setting us up for another disaster. Not to mention higher gas prices because of the reduction in supply.

Why are we not drilling in Alaska? That is much safer than offshore drilling anyway. Nuclear power would be safer still.

Obama’s naive foreign policy increases likelihood of war in Middle East

The Wall Street Journal explains.

Excerpt:

Events are fast pushing Israel toward a pre-emptive military strike on Iran’s nuclear facilities, probably by next spring. That strike could well fail. Or it could succeed at the price of oil at $300 a barrel, a Middle East war, and American servicemen caught in between. So why is the Obama administration doing everything it can to speed the war process along?

The article lists various elements of Obama’s weak stance against Iran, then continues:

[…]All this only helps persuade Israel’s skittish leadership that when President Obama calls a nuclear-armed Iran “unacceptable,” he means it approximately in the same way a parent does when fecklessly reprimanding his misbehaving teenager. That impression is strengthened by Mr. Obama’s decision to drop Iran from the agenda when he chairs a meeting of the U.N. Security Council on Sept. 24; by Defense Secretary Robert Gates publicly opposing military strikes on Iran’s nuclear facilities; and by Russia’s announcement that it will not support any further sanctions on Iran.

In sum, the conclusion among Israelis is that the Obama administration won’t lift a finger to stop Iran, much less will the “international community.” So Israel has pursued a different strategy, in effect seeking to goad the U.S. into stopping, or at least delaying, an Israeli attack by imposing stiff sanctions and perhaps even launching military strikes of its own.

How do you think Iran would respond to such an air strike? Their entire land force would be left largely intact. Do you think they are just going to take that and do nothing to retaliate? This is a nightmare.