Where have we heard this before?
March 31, 2011 - 7:09 am
President Obama goes on television and says it is time to get serious about the nation’s dependence on foreign oil. Where have we heard that? How about every president since Nixon?
Meanwhile, America's dependence on foreign oil has grown from about 20 percent in the early 1970s to more than 65 percent today.
Jimmy Carter called it the moral “equivalent of war” and then surrendered by throwing tax money at synfuels.
But The Wall Street Journal noted Obama’s policies are making oil more expensive.
“Leave aside the huge stretches of the outer continental energy frontier that are off-limits to exploration, or the Administration's near-yearlong freeze of Gulf Coast drilling after the BP disaster, even in shallow water,” the WSJ editorial states. “In his speech, Mr. Obama gestured at the Northeast shale boom that perhaps holds decades of natural gas reserves. But typically, he called for more regulation, asking his Energy Secretary to ‘improve the safety of this process’ of shale drilling that the government already has the power to regulate.”
An Investor’s Business Daily editorial pointed out the president’s call for cutting oil imports by a third doesn’t square with his promise to Brazil a couple of days earlier to be their best oil customer and offering a couple of billion up front.
“Is this the same President Obama who told the Brazilians: ‘We want to help you with the technology and support to develop these oil reserves safely, and when you're ready to start selling, we want to be one of your best customers’?” IBD said.
As for his clean energy spiel, think synfuels.