One of the major drivers of American culture is the new technologies which have impelled our nation's economy forward so many times in the past…My expectation is that we can again be saved by an old/new technology, namely hydraulic fracturing (fracking) to produce petroleum and natural gas.
No matter how much President Obama may pretend to be a friend of oil and natural gas as the election approaches, his green team constantly betrays the truth that they are fully engaged in an all-out war on domestic energy production.
As the national average gas price nears $4 per gallon, the real tragedy is that this crisis is due in part to President Obama's restrictive energy policies.
On March 1, President Obama gave a speech on energy consumption, selectively using facts to paint a picture that doesn't reflect reality.
President Obama championed a temporary payroll tax holiday under the pretext of helping working families. If only he had a comprehensive energy policy, he could have done much more.
As a candidate for President, Obama pledged that good science would guide policy in his Administration, but his actions belie his words. He says he's for jobs and for economic recovery, yet he dithers on approval of the Keystone Pipeline.
Congress is asking: Is the administration just guilty of making a poor investment or did it deliberately doll out money for Solyndra to fit an ideological agenda?
Like so much of the hope-and-change agenda, the electric car idea isn't off to a very good start, and new research finds it may not be so green after all either.
Ronald Reagan reminded us that you get more of what gets incentivized, and less of what is penalized, and his economic policies proved it. So did the Kennedy and Bush tax cuts. But, Obama and the Democrats seem obsessed with defying history, as well as common-sense, by pillorying oil and gas with more taxes, regulations, and punishing rhetoric.
If you are handed the keys to an economy already weak in the knees, why would you give it a big punch in the gut with an anti-job, anti-growth, anti-American energy policy? Look at the evidence.
From his Hawaii vacation site, Barack Obama said his 2011 resolution was to "make sure our economy is growing, creating jobs and strengthening our middle class." If that's true, then he needs to make an immediate about-face with his domestic energy policy that is killing thousands of jobs and driving energy prices through the roof.
In many ways, America is like a giant public company. It produces roughly a quarter of the world’s total economic output, and rewards its 300 million shareholders with a standard of living standard that is the envy of the planet. Large companies require skillful leaders, and the shareholders have high performance expectations of their executives. Leadership changes happen because of scheduled retirement, or when the shareholders become upset with the company’s performance. In 2008, America had a retiring President, but the shareholders of America had also grown weary of a prolonged war, an economy sliding backwards, and politicians who spent too much and listened too little. Of the applicants for the job of President, America decided on the relatively untested, fresh new face that promised “hope and change” – exactly what the shareholders in America thought they wanted.