“It’s the easiest thing in the world (to) make phony election-year promises about lower gas prices,” Obama said. “What’s harder is to make a serious, sustained commitment to tackle a problem that may not be solved in one year or one term or even one decade.”
It’s not my fault!! Don’t blame Me!
And Oil will never solve the problem so let’s concentrate on pie-in-sky, economically non-viable solutions instead! And when you call me on it I will use bogus statistics that “show” I’m not doing just that!!!
Unless you’re a Democrat and the President is a Republican, especially one named Bush, then it’s entirely their Fault!
So Obama trotted out yet another ANYTHING BUT OIL liberal “feel good” Enviro-whacko fantasy: The trio of proposals announced in Miami included a $30 million competition in natural gas technologies and a $14 million program to development algae-based fuel.(which is a minimum of 10 years away from even competing- see below- let alone replacing)
None of this crap is economically viable, but at least it’s not OIL! 🙂
“We’re making new investments in the development of gasoline, diesel ($4 a gallon here in Phoenix) , and jet fuel that’s actually made from a plant-like substance, algae — you’ve got a bunch of algae out here,” Obama said at the University of Miami today. “If we can figure out how to make energy out of that, we’ll be doing alright.
IF!!!!! Yeah and IF I could figure out how to win the Lottery and look like Hugh Jackman and retire as a multi-millionaire the world would be a better place! 🙂
So I think I’ll devote the rest of my life to making that happen and ignore reality. Fantasy is so much better and makes me “feel” so much better. 🙂
Believe it or not, we could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in America.”
IF it Works! IF it’s viable! IF it’s compatible! In 20-30 years and after trillions of dollars of Solyndras.
But at least it’s not OIL!
Obama did not say when he expected algae-based fuel to reach that level, but the federal government has a dodgy track record with respect to developing alternative vehicle fuels. Biodiesel, for example, accounted for less than 1 percent of the diesel fuel market as of 2008, according to the Energy Information Administration. And of course there’s ethanol — after four decades, tens of billions of dollars in subsidies, and draconian mandates that force it on unwilling consumers, ethanol was five percent of vehicle consumption (by volume) as of 2008. Although algae-to-gas is a very different idea, it is still in its early stages.
I did blogs about famines in other parts of the world because so much corn was being used up for the then-latest NOT OIL Liberal fantasy.
But it’s not Obama’s fault! Remember that. 🙂
Oil is what makes the world run, but Liberal hate it, so they’ll do everything they can to avoid it without appearing to do so because that’s bad politics.
Just remember, when you fill up your car and it cost $60,70,$80, $90, $100 to do it it’s The Republicans fault!! 🙂
Oil industry leaders reject Obama’s claim to have given significant support to oil production. “These have been the most difficult three years from a policy standpoint that I’ve ever seen in my career,” Bruce Vincent, president of Swift Energy, an oil and gas company in Houston, said yesterday. “They’ve done nothing but restrict access and delay permitting.”
The Ministry of Truth has a Lot of work to do! 🙂
The Washington Examiner’s Michael Barone argues that he hasn’t been consistent even on that front. “We’ve prohibited a pipeline, the safest way to transport oil, from Canada, but we’re aiding Mexico in offshore drilling, which is riskier, and by a firm that lacks the experience of the U.S. firms we have been trying to prevent drilling in the same body of water,” Barone wrote yesterday. “Does this make any sense at all?”
And we are subsidizing Brazil. It just so happens that Petrogas in Brazil is partially owned by Democrat Uber-contributor George Soros.
Nothing to see here. Except Cronyism. 🙂
Speaking of Crony Capitalism: Solyndra
Nearly two dozen employees of the solar panel maker that got a $535 million federal loan guarantee shortly before bankruptcy got $368,500 in bonuses Wednesday from a federal bankruptcy judge — in spite of the company failing to disclose it gave several of the raises of as much as 70% months earlier, after it went bankrupt.
The Washington Times noted a lawyer representing fired Solyndra workers has argued the company’s liquidation benefits few beyond Argonaut Ventures, part of a foundation run by Obama fundraiser George Kaiser.
Other Solyndras are coming to light, the latest being Sapphire Energy. Its pond-scum-based biofuel still costs over $26 a gallon, but that doesn’t matter when your executives give almost solely to Democrats.
The Washington Free Beacon reports that after $104.5 million in stimulus and other Energy and Agriculture Department funds for a New Mexico facility, it can boast just 36 new jobs. UC Berkeley’s Energy Biosciences Institute says it’ll take a decade before we know if algae-based fuel can compete with gas.
The Washington Post recently found “$3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers.”
Revelations of Obama’s green waste and corruption may have only just begun. (IBD)
The Great Obama Whoppers
IBD: The White House billed President Obama’s energy policy speech as a response to mounting criticism of record high gas prices. What he delivered was a grab bag of excuses and outright falsehoods.
Obama’s main message to struggling motorists was: It’s not my fault, so stop whining. The speech only got worse from there, recycling excuses and myths that Obama’s peddled for years. But there were some standout whoppers that deserve debunking. The five biggest:
“We’re focused on production.”
Fact: While production is up under Obama, this has nothing to do with his policies, but is the result of permits and private industry efforts that began long before Obama occupied the White House.
Obama has chosen almost always to limit production. He canceled leases on federal lands in Utah, suspended them in Montana, delayed them in Colorado and Utah, and canceled lease sales off the Virginia coast.
His administration also has been slow-walking permits in the Gulf of Mexico, approving far fewer while stretching out review times, according to the Greater New Orleans Gulf Permit Index. The Energy Dept. says Gulf oil output will be down 17% by the end of 2013, compared with the start of 2011. Swift Energy President Bruce Vincent is right to say Obama has “done nothing but restrict access and delay permitting.”
“The U.S. consumes more than a fifth of the world’s oil. But we only have 2% of the world’s oil reserves.”
Fact: Obama constantly refers to this statistic to buttress his claim that “we can’t drill our way to lower gas prices.” The argument goes that since the U.S. supply is limited, it won’t ever make a difference to world prices.
It’s bogus. New exploration and drilling technologies have uncovered vast amounts of recoverable oil.
In fact, the U.S. has a mind-boggling 1.4 trillion barrels of oil, enough to “fuel the present needs in the U.S. for around 250 years,” according to the Institute for Energy Research. The problem is the government has put most of this supply off limits.
“Because of the investments we’ve made, the use of clean, renewable energy in this country has nearly doubled.”
Fact: Production of renewable energy — biomass, wind, solar and the like — climbed just 12% between 2008 and 2011, according to the federal Energy Information Administration.
“We need to double-down on a clean energy industry that’s never been more promising.”
Fact: Renewable energy simply won’t play an important role in the country’s energy picture anytime soon, accounting for just 13% of U.S. energy production by 2035, according to the EIA.
“There are no short-term silver bullets when it comes to gas prices.”
Fact: Obama could drive down oil prices right now simply by announcing a more aggressive effort to boost domestic supplies. When President Bush lifted a moratorium in 2008, oil prices immediately fell $9 a barrel.
Obama said in his speech that Americans aren’t stupid. He’s right about that, which is why most are giving his energy policy a thumbs down.
So The Ministry of Truth has EVEN more work to do.
So don’t worry, Be Happy. Your grandkids will be free of OIL!
Possibly…Maybe…Probably Not…But it will make you feel good thinking it will happen.