Wonder why gas prices are surging, with the cost at the pump topping $5 per gallon in some parts of the country? Obama’s anti-energy-producing policies certainly are not helping. The buck stops in the Oval Office, as this list of the President’s energy blunders attest.
1. Keystone kerfuffle
Canadian energy producers want to sell the United States an abundance of oil, if only President Obama gives the go-ahead to build the Keystone Pipeline XL. However, the President has chosen his deep-pocketed environmental backers over U.S. energy needs (and thousands of jobs for American workers). With the Middle East more volatile than ever, developing North American energy resources would help free the United States from being beholden to Islamic fanatics.
2. Volt vanity
After President Obama’s bailout of General Motors, the automaker turned its attention to producing the Chevy Volt. Even with the government’s help, the electric car is a flop, with few buyers and an exorbitant price. The Volt has trouble staying charged in cold weather and the battery can burst into flames long after being damaged in a minor accident. Obama’s fantasy of gasless cars is proving to be among the biggest debacles in automotive history—rivaling Ford’s Edsel and Chevrolet’s Corvair.
3. Solyndra silliness
President Obama made sure the $787 billion stimulus package was stuffed with initiatives meant to create green jobs by the millions. What the taxpayer got in return was a parade of bankrupt companies, led by Solyndra. The solar-panel producing company got a $535 million loan guarantee, with the promise that 4,000 jobs would be created, but end up filing for Chapter 11 bankruptcy last year. Solyndra became the symbol of Obama’s misreading of the marketplace’s demand for green energy.
4. Tesla travesty
Here’s another tragic “green jobs” story. Tesla Motors received $465 million from the Obama administration to produce electric cars. So far the company has created 400 jobs, at a cost of over a million dollars per job, by producing the Tesla Roadster, with a price tag of $100,000 per car. Unfortunately, should the electric car ever become fully discharged, it would cost $40,000 in repairs. Where’s Occupy Wall Street on this?
5. Moratorium morass
After the 2010 oil spill in the Gulf of Mexico, President Obama imposed a moratorium on deep-water drilling. The action prompted oil rigs to relocate to Brazil, costing jobs in America. Obama then offered technology and support for Brazil to develop its offshore oil production, creating jobs in Brazil. Does this make sense to anyone?
6. Drilling dashed
It is not only the deep-water drilling pull-back that is wrongheaded. The President also refuses to consider drilling in the Arctic National Wildlife Refuge or along most of America’s coastline. And he is not aggressively pushing for shale oil extraction or natural gas drilling on federal lands. There is an abundance of energy in this country if only the President would seek to develop it.
7. Price pandemonium
Of course energy prices are exploding. That’s what the President wanted all along. Remember his famous utterance, saying that under his policies, “electricity prices will necessarily skyrocket.” Also telling was his selection of Steven Chu as energy secretary. Chu once said that it was important for U.S. gas prices to mirror Europe’s sky-high petrol costs. It looks like he may be getting his wish.
8. Cap and trade catatonic
Despite a big push by the environmental lobby, President Obama couldn’t get his convoluted cap-and-trade package through the Democratic-controlled Senate. The legislation would have raised energy costs for consumers, while enriching visionary thinkers like Al Gore, who tried to parlay his global warming alarmism into a profitable venture by cashing in on the legislation’s emission-credits trading market.
9. Algae acclamation
With enormous areas of shale oil deposits and oil reserves in the U.S. remaining off-limits for development, President Obama has turned his eye to America’s algae resources to solve the nation’s energy problem. The President claims that by harvesting algae, and turning it into fuel, the nation could replace 17% of the oil it imports. Mr. President, if you want to reduce oil imports, here is some advice: Drill, baby, drill.
10. Energy excess
It takes a village of Secret Service agents and White House aides to accompany Michelle Obama and her husband (sometimes) on vacations to Spain, Martha’s Vineyard, Hawaii, etc. With Air Force One gobbling up copious amounts of fuel, even one of the First Couples’ date nights to New York could light a town, or even Al Gore’s house. With Americans struggling to pay high gas prices, perhaps the first family can set an example for the nation and start cutting back on their excessive energy use.