NO NEED TO SPECULATE WHY ENERGY COST IS SO HIGH. BARACK HUSSEIN OBAMA PROMISED IT!
Randy Schultz, editor of the Palm Beach Post, wrote a column on Sunday March 25th 2012, entitled “Why is the price of gasoline so high? Let’s speculate.” The discredited Democrat Party shill and Obama butt boy concluded that speculators were the main cause of high prices, not the lack of a sensible energy policy from the Democrats.
According to Barrack Obama himself, the debate about what is causing high-energy cost is over; the cause is Barrack Obama, in 2008 Barrack Obama promised he would make it happen!
Barack Obama: "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." (January 2008) You can view this astounding video by clicking the link below.
If that was not evidence enough, then have a look at this clip from Obama’s current Secretary of Energy Mr. Steven Chu:
http://www.youtube.com/watch?v=RrcGRljKHnI
In 2008, Chu stated, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe. What I’m doing since I became Secretary of Energy has been quite clear.”
In May 2011, gas price in Europe averaged $8.06 per gallon, so –in his own words- Chu’s target must be to drive our price of gasoline to over $8 per gallon!
NEW FROM KIA THE CHU SMART CAR
Yes, the Obama Administration admits to attempting to drive the prices of fossil fuels to unaffordable prices, even before practical alternative energy sources are available.
WIND POWERED DOG
Below is a chart from Wikipedia that shows that in 1999 America used a higher percentage of renewable energy (10.5%) than in 2010 (10.1%) even after Obama gave multi-billions of our tax dollars to his political cronies in the green industries. A fortune was squandered on boondoggles such as Solyndra!
Yearly US Renewable Energy (b kWh) by Fuel Source
Year | All US Total | Renewable | |||||||
Hydro | Wind | Wood | Bio other* | Geo Thermal | Solar | Total | % of US Total | ||
2010 | 4,151 | 255 | 95 | 37 | 19 | 15 | 1.212 | 422 | 10.1 |
2009 | 3,984 | 269 | 74 | 36 | 18 | 15 | 0.891 | 413 | 10.4 |
2008 | 4,151.6 | 249 | 55 | 37.5 | 17.6 | 15 | 0.864 | 375.1 | 9 |
2007 | 4,187.4 | 241 | 34 | 39 | 16.5 | 15 | 0.612 | 346.1 | 8.2 |
2000 | 3,836 | 270 | 5.6 | 37.6 | 23 | 14 | 0.493 | 350.7 | 9.1 |
1999 | 3,723.7 | 313.4 | 4.5 | 37 | 22.6 | 14.8 | 0.495 | 392.8 | 10.5 |
Randy Schultz claims that under Obama renewable energy has doubled! The chart above shows in 1999 all US total renewable energy was 392.8 (b kWh). After twelve years and billions of dollars including two years of Obama mega spending, US total renewable energy increased to 422 (b kWh) in 2010, A WHOPPING 29.2 (b kWh) INCREASE! THAT’S RIGHT, A MERE 29.2 ADDED TO THE 4,151 (b kWh) required to run the nation!
Someone must be lying Mr. Schultz! RENEWABLES HAVE BARELY INCREASED SINCE 1999!
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In May of 2007, gasoline prices hit $3.07 per gallon. The national press including the Democrat propaganda tool, the Palm Beach Post hammered Bush and Cheney on a daily basis for causing the pain Americans felt at the pump.
Speaker of the House, Nancy Pelosi went on national TV and said:
“Drivers are paying a heavy price for the Bush administration’s failure to enact a comprehensive energy strategy,” Years of Bush Administration's policies that have favored big oil over the consumers have resulted in record dependence on foreign oil, leaving American families and businesses to pay even higher prices.”
Pelsoi continued, “This Congress, under the Democratic leadership, is working to make up for years of inaction, taking America in a new direction that helps bring down the cost of gas and promotes energy independence. Energy independence is essential, essential to reducing the price at the pump.” Pelosi said.
Fast-forward to 2012 and the new direction the Democrats have taken us. Energy prices have skyrocketed just as Presidential candidate Barack Hussein Obama promised in 2008. In three and a half years of Obama energy policy gasoline cost has risen from $1.84 per gallon to nearly $4.
This is the promise Obama made to America, a promise he has fulfilled:
“So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted. … You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”
Burning coal creates 40% of all the electricity in America. That means that 40% of the exploding, electric cars being produced and driven are coal powered and have a larger carbon footprint than gas and diesel vehicles! Democrats are necessarily Idiots!
How does Pelosi explain the negative consequences of the Democratic leaderships new direction? Pelosi says:
“Supply is up. Demand is down, you would think the price would come down. Enter the speculators. Not the healthy speculation that is normal to the marketplace, but a speculation that can add 20 percent to the cost of a barrel of oil. The American people have to know that, because this has happened before.” Pelosi said this on March 1, 2012.
Randy Schultz, editor of the editorial page of the Palm Beach Post is obviously parroting Nancy Pelosi’s March 1st statement. That’s the crux of his Sunday, March 25th column. What he opined could have been direct tweet from Nancy Pelosi! He, like Pelosi, blamed speculators as the major cause driving the price of gas higher, but anyone who is not a registered Democrat can do simple math. If the 20% increase of oil is transferred directly to gas price, which was $1.84 when Obama came to power, do the math - 1.84X.20= .368 cents – so $1.84 + .37 = $2.21. Speculation caused by Obama's anti-energy policies account for only a small price increase from $1.84 to $2.21 per gallon, according to Nancy Pelosi. The remaining $1.70 increase must come from Obama anti-energy actions.
Schultz claims that there is no logical economic reason according to AAA for $3.89 gas. Actually there are many reasons that can be directly traced to the policies of the Obama Administration.
1) Obama’s foreign policy and military actions that caused unrest and chaos in the Middle East and Africa and has put oil reserves at risk fueling speculation in the worldwide oil futures market. The invasion of Libya and the resultant rise to power of the fanatical Muslim Brotherhood across the region where vast world oil reserves are found ramps up speculation in future supplies. Compounding the uncertainty is Obama’s nearly four years of weak leadership in containing the nuclear threats from Iran and possible closing of the Straight of Hormuz.
2) The Obama Administration stifling of domestic energy production on federal lands and coastal regions. The only increase in domestic production is coming from private land. The following is from the Institute for Energy Research:
“The big picture is clear that government policies undertaken by the Obama administration have produced a significant decline in offshore oil production and on federal lands in fiscal year 2011,” the Institute for Energy Research said in response to last week’s updated EIA analysis. “That is certainly not a way to increase domestic production of oil and keep oil and thus gasoline prices in check.”
3) Obama’s opposition to pipelines. The high cost of transporting Americas light sweet crude to refineries, especially in the Northeast, where rail and truck are needed due to Obama’s opposition to the construction of much needed pipelines including the North section of the Keystone pipeline. (New York must import much of it’s fuel products by tanker from Nigeria and the North Sea passing the high transportation costs to the consumer and requiring costly refined gasoline to be imported.)
4) Obama’s government and EPA regulations facing states that need to build oil refineries for gasoline production are economically insurmountable to the industry.
5) Obama’s opposition to modernizing oil infrastructure. Existing oil refineries are closing due to the government policies making them unprofitable, even with gas at $4! Sunoco Inc. will close the northeast regions largest refinery in July, taking 335,000 barrels a day in production off the market! In 2010 the East Coast had 12 refineries, four have closed leaving only 8 in 2012. Obama continues to obstruct new refinery.
As to Randy Schultz claim that Obama has increased oil production; oil production has increased only on private land; drilling that Obama can not stop. Production increased despite Obama. Heritage’s Nick Loris noted these four steps taken by the administration:
• Withdrew areas offered for 77 oil and gas leases in Utah that could cost American taxpayers millions in lost lease bids, production royalties, new jobs and the energy needed to offset rising imports of oil and natural gas.
• Cancelled lease sales in the Western Gulf of Mexico, the Atlantic coast and delayed exploration off the coast of Alaska and kept other resource-rich areas off-limits.
• Finalized rules, first announced by Secretary Salazar on January 6, 2010, to establish more government hurdles to onshore oil and natural gas production on federal lands.
Withdrew 61 oil and natural gas leases in Montana as part of a lawsuit settlement over climate change.
So in summary: we can’t drill on federal lands, we can’t pipe what oil and gas we are allowed to capture and we can’t refine the quantity of gas that we demand!
Obama’s solution; Stifle domestic drilling. Give money to Brazil to drill. Block pipelines coming down from Canada. Stifle domestic refinery businesses. Empower the radical Muslim Brotherhood causing chaos across the oil rich Middle East and Africa. Do nothing for 3.5 years as Iran goes nuclear. Pour a fortune into a solar black hole, search for domestic algae reserves and joust with windmills!
DEMOCRAT DON PROTECTING WIND FARM
OBAMA IS THE REASON PEOPLE CAN’T AFFORD TO DRIVE TO WORK!
Government dependence and Socialism is the goal!
A.F.L.: “When opportunities for profit diminish, opportunities for jobs likewise disappear.”
