Like your energy savings due to the crash in oil prices? Well, Obama and the Luddite Liberals have a solution for that.
Can you guess what?
More government regulations to harass and strangle. After all, we should all have a wind farm in our backyard and solar panels like siding on the house, and driving an electric car. Anything else is just evil.:)
The Obama administration has just announced it will issue at least six new major rules directed at the oil and gas industry — an energy strategy that only the member nations of OPEC and Vladimir Putin could love.
The rules would, among other things, curtail methane emissions from natural gas and oil, place new restrictions on fracking, impose further limits on Arctic drilling and impose new safety standards on rail tanker cars.
Never mind that the oil and gas industry has to rely on rail to transport petroleum because Obama has blocked the far cleaner and more efficient alternative of moving oil and gas through pipelines.
More important, these are the kinds of mindless regulations out of this White House that could trip up the economy just as it’s showing signs of new life.
That’s why he has to kill it, and kill it now. Misery loves his Agenda. Miserable people will turn to government for “help” aka power, political power. So you can heat and cool your home with political wind power and solar from the enlightenment of total government control of your life.
The oil and gas industry has carried the rest of the economy on its shoulders for the last six years. But with prices falling, drillers are struggling to keep operations running. Thanks to the boom in shale oil and gas, oil prices have dropped by nearly 50% since the summer. New drilling permits are falling and some marginal wells are already shutting down.
The decline in energy prices is a windfall benefit for the U.S. economy of an estimated $150 billion a year. But drillers must try to tough it out, and somehow earn what are now razor-thin profits.
Could there be a worse time for new EPA regulations to raise the cost of producing our domestic energy? Obviously, the answer is no, but this isn’t collateral damage; it’s the very point of the regulatory onslaught.
The Agenda is the Agenda. Damn the consequences full speed ahead!!
This is an administration that hates fossil fuels, so the endgame here is a slow death to the oil, gas and coal industries by regulatory strangulation. This will force-feed the nation to consume much more expensive “green” energy.
And feel morally and intellectually superior for it. After all, it’s for your own good. 🙂
The biggest beneficiaries from this lunacy will be many of America’s mortal enemies. By driving up the cost of domestic energy production, OPEC, the Saudi oil sheiks, the IS terrorist networks funded with petrodollars and Vladimir Putin come away big winners.
The losers will be the hundreds of thousands of Americans employed by the oil and gas industry, anyone who drives a car, U.S. manufacturers who benefit from low energy costs and families who use natural gas to heat their homes or for electricity.
Like he cares. The Agenda is The Agenda.
It seems so economically traitorous that one wonders whether Obama can pull it off. But this is a “transformational” president who has already nationalized much of our health insurance industry, run the federal budget deficit through the roof, passed mind-numbingly complicated new financial services rules and defunded America’s military.
Press reports indicate his next grandiose mission in his last two years in office is to burnish his “green” legacy by destroying fossil fuel production — as his EPA is already accomplishing when it comes to coal.
What is doubly insidious is that Obama often gives speeches on the economy boasting of the energy revolution that has happened on his watch, even while all the president’s men and women are pursuing strategies behind the scenes to flatten the industry.
These include blocking permits for drilling on energy-rich federal lands, preventing the Keystone pipeline and other infrastructure projects necessary for oil and gas to flourish and some of the toughest EPA standards to discourage fossil fuel-based power plants.
In every budget he demands higher taxes on the oil and gas industry — even as he showers the green energy industry with taxpayer subsidies.
Over the past six years, nearly all the net new jobs in the U.S. economy have come from oil and gas producers. Our reliance on foreign oil has dropped from 60% as recently as 2007 to less than half that in 2013. If the federal government simply stays out of the way, the U.S. by 2020 can be an energy-exporting nation, no longer reliant on dangerous, expensive and unstable foreign sources.
Even the radical environmental case for these regulations is flimsy. The U.S. already has reduced carbon emissions more than any other major nation. Oil, gas and coal production is cleaner than ever before. Obama’s attempt to slash energy production will only make us and the world more reliant on dirtier forms of energy produced abroad — thus increasing greenhouse gas emissions.
Republicans, who will hold majorities in both houses of Congress in January, must do everything in their power to stop these executive actions by an administration run amok.
The president will likely see a rise in his popularity rating over the next several weeks because when gasoline prices fall, Americans feel better about the economic direction of the country.
The new White House rules are yet another reminder that the benefits of the U.S. energy boom are in spite of, not because of, Obama policies. If utility bills and gas prices at the pump start to spike again in 2015 — Americans should remember who they have to thank for that.
After all, The Agenda is The Agenda!