Skip to comments.Pump And Circumstance
Posted on 03/30/2011 5:33:11 PM PDT by Kaslin
Energy Policy: President Obama wants to cut oil imports by a third after telling Brazil he wants to be their best customer. Cellulosic ethanol won't cut it, and neither will talking out of both sides of your teleprompter.
In a Georgetown University address that echoed President Jimmy Carter's "moral equivalent of war" speech in 1977, the president on Wednesday outlined his plan to reduce oil imports by one-third over the next decade.
Carter, too, set the goal of reducing oil imports by a third through conservation, increased fuel efficiency, more use of ethanol and other alternative energy sources, and the wearing of more sweaters.
There was nothing new in Obama's version. It didn't work then. It won't work now.
It's hard to square the president's words with a seven-year offshore drilling ban in effect off both coasts and Alaska's continental shelf and in much of the Gulf of Mexico, with a de facto moratorium covering the rest.
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"?
In his Georgetown speech, Obama said oil companies ignored the vast areas his administration has placed off-limits to oil and natural gas development, complaining that oil companies haven't exploited the oil leases they've already been granted.
(Excerpt) Read more at investors.com ...
Democrats love to tell us over and over and over again that drilling won’t help because it takes 10 years to bring wells online and into production.
The Democrats have been telling us that for 10 years now.
The biggest problem Americans have right now with jobs is called the Democrat Party.