Inverstors Business Daily -- 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.
"We're focused on production."
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.
"The U.S. consumes more than a fifth of the world's oil. But we only have 2% of the world's oil reserves."
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."
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."
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. Keep reading...
Blog author's comments - The President continues his attempts to deceive concerning the rising gas prices.
In the video Obama tries to make the situation amusing, but I don't believe the majority of American people are laughing.
Last Wednesday the Senate Democrats rejected the Keystone Pipeline project and ANWR drilling.
Keystone was expected to create thousands of high paying jobs in the oil industry. The project itself would create 20,000 construction jobs. The pipeline would bring oil from Canada to refineries in the US.
Obama says no to more drilling for our own oil. He said no to the Keystone pipeline from Canada.
We are in serious trouble if he gets a second term in office.
We're Not Drilling in the National Mall,
We're Not Drilling at Your House"