Skip to comments.Crude Cruelty (Oliver North)
Posted on 03/10/2011 8:57:27 PM PST by jazusamo
WASHINGTON Fuel and food prices are up. So is unemployment. Officials in the Obama administration and their allies on Capitol Hill are stunned. They shouldn't be. It's O-Team policy or lack of it that got us here.
According to the U.S. Department of Labor, the number of Americans seeking unemployment benefits for the first time jumped this week to 397,000 meaning there are more people looking for work than the private sector has jobs available. You don't have to be a government economist to see the direct connection between rising costs for essentials such as gasoline, home heating fuel, electricity and eating and layoffs.
This week, the U.S. Energy Information Administration claimed the new spike in the cost of fuel is the result of a "sudden and dramatic increase in crude oil prices" precipitated by "political unrest in North Africa, including violent uprisings in Libya." Truckers buying diesel and those of us who heat our homes with fuel oil are already paying a nationwide average of $3.87 a gallon up a whopping 35 percent from a year ago. On March 9, our government experts forecast regular-grade retail gasoline already 38 cents a gallon higher than it was a month ago will "average $3.71 per gallon during this year's summer peak driving season." That prediction ignores reality.
Instability in Yemen and Bahrain and Somali piracy already have added to supply uncertainty and contributed to higher global prices for crude oil. Now Libyan sweet crude production more than 1 million barrels per day has all but ceased. Just hours after French President Nicolas Sarkozy granted formal recognition to a rebel "interim government" in Benghazi, James Clapper the Obama administration's hand-picked director of national intelligence publicly told the Senate Armed Services Committee he expects that Moammar Gadhafi's "regime will prevail." But even if he's right, Libya's major oil port at Ras Lanouf is likely to remain "offline" as long as Gadhafi holds on to power in Tripoli.
Unfortunately, what happens in Libya may turn out to be the least of our "oil troubles" no matter what the Obama administration finally decides to do about supporting the rebels or a no-fly zone to keep Gadhafi's air force grounded. Less than 24 hours after this week's EIA forecast, crude oil prices spiked again and international financial markets plummeted on reports of unprecedented violent anti-government protests in Saudi Arabia, the world's No. 1 oil producer.
No reasonably informed person debates the devastating consequences for the global economy if Saudi crude is suddenly less available. Though Canada and Mexico are our primary sources of imported oil, 10 percent of U.S. petroleum product originates in Saudi Arabia, and the price keeps going up as the certainty of supply goes down. Meanwhile, we already are paying more for electricity, consumer products, air travel, heat for our homes and the cost of getting to work for those of us who have jobs.
What's Obama's answer? In his "Winning the Future with Clean Energy" speech at Penn State University last month, he introduced his "Better Buildings Initiative" and said we all should live and work in places that are "energy-efficient." He repeatedly used the words "research" and "innovative" and "high-tech." As expected, his line about eliminating "the billions in taxpayer dollars we currently give to oil companies" was wildly applauded. So was his Utopian vision of "developing a way to turn sunlight and water into fuel for our cars."
I share the hope of living long enough to drive a fuel cell automobile. I think it's a great idea because I don't want my money going to people who hate us and wage jihad against us. But I don't expect that's going to happen in the next five years and the "next energy crisis" is here and now.
That's why it is so disappointing that Obama has done nothing to accelerate exploitation of our own domestic energy sources or build more nuclear power plants. He doesn't breathe a word about American energy independence. He can't say the words "clean coal," though the technology exists today.
Though the present turmoil in the Middle East began as a protest over food prices in Tunisia, he cannot acknowledge the devastating global consequences of converting food into fuel. This year, more than 30 percent of America's corn crop subsidized with billions of taxpayer dollars will be converted into ethanol. And he still wants stringent rules and regulations that will force Americans to drive more electric cars, use more biofuel and buy compact fluorescent light bulbs from China.
Supposedly, the Obama administration has embraced Rahm Emanuel's infamous axiom: "You never want a serious crisis to go to waste. ... It's an opportunity to do things that you think you could not do before." Yet even with the looming prospect of catastrophic increases in the availability and cost of transportation fuel, the most imaginative thought the O-Team can conjure is to release supplies from our Strategic Petroleum Reserve.
On Capitol Hill, Senate Majority Leader Harry Reid claims to be working hard to prevent a shutdown of the federal government. At the White House, officials are busy urging union supporters to shut down state governments in Wisconsin, Indiana and Ohio. Unfortunately, nobody seems particularly concerned that the lack of a coherent national energy policy threatens to shut down the U.S. economy. That's crude cruelty.
Quelle surprise. Zer0's fault.
The time for that was last year, when his pitiful party had both Houses of Congress, with comfortable margins, and the White House. They failed, big time. They did not, as required by law, pass a budget to get the US through this fiscal year. They truly snatched defeat from the very jaws of victory. They squandered their advantage in favor of taking care of their political supporters. And now they have little if any say on the budget.
It was the Democrat/Leftie cabal that failed to pass a budget. Had they done so there would be no threat of a ‘government shutdown’ at this point.
We need to point the finger directly at those who brought this ‘crisis’ down on themselves. Don't let them revert to type and play the victim card. If government employees suffer as a result of what happens in any part of this fiscal year the blame falls on the Democrats, period. End of story.
Proclaim it loud and long!
Dead on the money. Pelosi and Reid failed to carry out their responsibilities as leaders of the House and Senate and Dem party. Now they whine like two year old kids that Repubs are doing their job.
And while they are on the subject the conservative should also point out how much of what's wrong with the economy today was set up by the same Democrats who squandered their advantage by failing to do their job.
There should absolutely no response to any mentioning of a shutdown and its potential effects other than simply pointing out it would not be a problem had the Dems done their job. Period. End of discussion.
Don't threaten us with this nonsense. Get lost.
My solution would be to figure out how much needs to be cut to assure a balanced budget and then make the cuts across the board. Whatever it is, across the board. No BS of letting bureaucrats use punitive cuts to sway public opinion or punish those who step out of line.
Had I been in charge in Wisconsin I would have made the moves needed to get a balanced budget and when the bitching and moaning commenced I would refer them to the teachers and other unionized workers whose refusal to participate in the cutting led to having to eliminate entire positions by the hundreds or thousands. Let's see how long these ‘public servants’ continue to enjoy popular support when they're reticence, plain ol’ selfishness, brings real pain to others.
Let the pain assign the blame.
The Rats and Obummer did this for political gain. They knew what they were doing and they also know that he press is on their side and will spin any smell of a Gov’t shut down they will blame the “party of no” as they have coined.
As has been said, WE need to remind anyone who makes any kind of remark that it is the Repub’s fault that it was the Demonrats that caused all the problems we have since 2008 and especially since 2009-2010. The Dems are cowards, and they are smart and know exactly what they are doing.
So if only 10% of our oil comes from SA, why don’t our oil prices only go up 10%? Or even 20%?
There is something else going on, and I’d look to the White House for the source of that something.
Oliver North tellin’ it like it is.
Thanks for the ping jaz.
ya ..O is a real brain child. lol
LOL! Ain’t it the truth? :)
all his point scream of truth, but need a bit more counter alinsky ridicule for good measure...