An Energy Crisis of Our Own Making

Energy Policy: As oil climbs toward an unprecedented $100 a barrel, we can only blame ourselves. By falsely demonizing oil in the debate over global warming, we assure an energy-impoverished future.

It would be nice if we could lay this at the doorstep of just one party. Unfortunately, it's a bipartisan mess, created by politicians on both sides of the aisle who are being stampeded into action on climate change.

Take Rep. Bob Inglis, a Republican from South Carolina. He says he realized something needed to be done when his own children threatened to vote for his opponent if he didn't take on the warming issue. Based on this valuable input, Inglis has deduced that Republicans will "get hammered" if they don't do something.

As Weather Channel founder John Coleman said this week, global warming is "the greatest scam in history." Literally thousands of reputable climatologists agree with this.

Yet fear of warming is giving rise to all kinds of bad ideas that will cost hundreds of billions of dollars and deliver very questionable benefits. These ideas include "carbon" taxes on all of us and "windfall" profit taxes on oil companies, bans on drilling for new oil in Alaska and off our coasts, and expensive new mandates — such as higher fuel economy for cars — to reduce "carbon footprints."

If elected president, Sen. Hillary Clinton wants a $50 billion "strategic energy fund," paid for with oil company profits, to bankroll lots of pork-barrel projects that will waste money but produce no new energy. Not to be outdone, House Speaker Nancy Pelosi's energy plan hits middle-class Americans with $15 billion in new taxes to boost renewable energy.

The energy crisis and our consequent funding of Islamofascism are due to liberoid hysteria in the 1980s that shut down nuclear power. Having created this mess, the same claque is moving on to ‘global warming’.

It is remarkable how little the republicans say about this and otherwise fail to hold the leftists accountable.

“The Republicans had the presidency and both houses of Congress and refused to even consider lifting the ban on drilling in ANWAR or removing the moratorium on drilling on our 3 coasts. The last thing the oil companies want is more supply. They’ve got us over a barrel.”

Exactly. Supply and demand economics still apply but the difference is that the supply can be controlled and is. Then market speculators can all bet on the fact that oil commidity will all go up and then of whala! Their are so at the top aiding and abbeting this process. Too bad our national leadership are involved in this firesaling of the American consumer. We (middle class) are becoming either broke or bankrupt and have already begun reducing spending in earnest between the outrageous energy or the credit crunch also fueled by Wall St, Central Banks and the elite. The American consumer shares some blame in all of this as well but it is oversight of good leadership that does not allow such bubbles and greedfests to occur in the first place.

The good news is we live in a world of communication, invention and many, many ultra-wealthy investors. As the price and greedfest continues unabated more investors will continue pouring money into alternative energy. The greedfest will be forced to end someday, but will the USA economy go into depression first or will it survive relatively unscathed before it changes?

While Teddy (Don Quixote) Kennedy is fighting windmills in Hyannis Port, we have the DemonRATs flying a front runner who shrieks from overhead, “ Up up and away on my magic broomstick! I’m fighting Global Warming with a low carbon imprint riding a renewable resource!”, and the Environweeny monkeys banging on their networked keyboards, “How can we get more government grants to fight Global Warming?”
With this insanity, we need to re-institute the forced commitment to mental institutions of politicians who live in a parallel universe.

Meanwhile, America will soon be buying $6.00/gallon gasoline and trying to afford those hybrids that need a new battery every 100,000 miles (add that battery cost to the gasoline you bought for those miles).

biodiesel from algae is the answer.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.