OIL PRICES: HIGHER, AND GOING HIGHER

http://www.onlinesentinel.com/opinion/columnists/oil-crisis-looms-prices-spike-obama-extols-algae_2012-03-17.html

Morning Sentinel – Charles Krauthammer – 3/18/2012

the event that drove home the extent of Obama's antipathy to nearby, abundant, available oil was his veto of the Keystone pipeline. It gave the game away because the case for Keystone is so obvious and overwhelming.

Vetoing it gratuitously prolongs our dependence on outside powers, kills thousands of shovel-ready jobs, forfeits a major strategic resource to China, damages relations with our closest ally, and sends billions of oil dollars to Hugo Chavez, Vladimir Putin and already obscenely wealthy sheiks.

Obama boasts that on his watch production is up and imports down. True, but truly deceptive. These increases have occurred in spite of his restrictive policies.

They are the result of Clinton- and Bush-era permitting. This has been accompanied by a gold rush of natural gas production resulting from new fracking technology that has nothing at all to do with Obama.

Obama says of drilling: "That's not a plan." Of course it's a plan. We import nearly half of our oil, thereby exporting enormous amounts of U.S. wealth. Almost 60 percent of our trade deficit -- $332 billion out of $560 billion -- is shipped overseas to buy crude.

Drill here and you stanch the hemorrhage. You keep those dollars within the U.S. economy, repatriating not just wealth but jobs, and denying them to foreign unfriendlies.

http://townhall.com/columnists/katiekieffer/2012/03/19/yes_he_does_5_ways_obama_controls_gas_prices/page/full/

Townhall.com – Katie Kieffer – 3/192012

DEPT. OF INSIDER TRADING

a better name for the Department of Energy (DOE) is the “Department of Insider Trading.” Obama uses the DOE to cut unconstitutional, back-door deals with taxpayer dollars. End result? Rising gas prices.

Obama gave insider seats on the DOE to venture capitalists backing clean-tech firms. Then, his “administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms. … $3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers,” reports the Washington Post.

OBAMA KEEPS HIS ALTERNATIVE TO OIL, CLEAN-TEACH, EXPENSIVE

Obama says he supports American clean-tech. Correction: Obama keeps clean-tech unaffordable. You need rare-earth elements to create solar panels, wind turbines and electric batteries for cars like the Chevy Volt. But President Obama keeps the EPA in business. And environmental regulations like those coming out of the EPA put the former world leader in rare-earth production, California’s Molycorp mine, out of business years ago. It is the government’s fault that we stopped producing rare-earths at Molycorp, which is just now chugging back to life under stiff environmental standards.

Obama blocked Keystone XL

OBAMA KEEPS HIS “BOOT ON THE THROAT” OF BIG OIL

up to 20 percent of the price you pay per gallon of gasoline goes toward state and federal taxes. So, Obama has the power to slash the price of gas by pressuring Congress to eliminate federal gas taxes.

OBAMA FANS MIDDLE EAST TENSIONS, RAISING MARKET UNCERTAINTY

Obama is neither a businessman nor a constitutionalist. He doesn’t understand that socialism makes clean-tech like wind, solar and electric unaffordable. He won’t drill for American oil. He thinks it is fine to use taxpayer money to reward his friends. He stirs Middle Eastern unrest and contributes to market uncertainty. Ultimately, he is responsible for high gas prices. No wonder the late Apple co-founder Steve Jobs warned Obama: “You’re heading toward a one-term presidency.”

Obama Wanted High Gas Prices – Gradually (2008 Election Campaign)

http://www.youtube.com/watch?v=5M1WlV7vafk

YouTube 6/10/2008

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