Obama’s Energy Promise – Phony & Costly

Obama’s at it again – promising what he can’t deliver (reducing oil imports by 1/3 in 10 years) while counting on the fact that in 10 years no one will remember this disingenuous promise, or if they do, we will be unable to hold him accountable since he will be out of office (thankfully).

Oh yes, Obama’s third option, which he often uses, is to blame industry by saying or implying that they have not taken advantage of what he (and his bureaucracy) has so kindly given to them. This is especially insulting (telling an industry how to run their business) when Obama has NO business experience (let alone energy experience) and even his administration has very few members who have any business experience.

Clearly, the first thing that any rational human being would do in order to deliver on this promise would to help encourage more oil & gas exploration & production. Yet, he continues to do just the opposite. The most obvious example is that despite stating, several months ago, that he would reopen the Gulf to drilling, the Dept. of Interior has issued only one permit. Furthermore, according to a study of public lands by the Bureau of Land Management, nearly 2/3 of America’s onshore oil reserves and 40% of natural gas reserves remain inaccessible due to legal restrictions.

In short, contrary to what Obama’s has said about reducing our oil imports, the Obama administration continues to discourage American exploration & drilling. Not only is this making us more dependent on foreign oil & gas, but sadly it is also costing us jobs at a time when we should be trying to create jobs – not shipping them overseas.

Although it is April 1st, this is not a joke.

Walter Curtner
CRBC Issues Chair