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Just Drill, Barry ^ | February 25, 2012 | John Ransom

Posted on 02/25/2012 4:27:16 AM PST by Kaslin

When presidential candidate John Kerry pointed out that he voted for the Iraq War before he voted against the Iraq War, we all thought it a terrible gaffe. But politics, in a study of how politics leads to a devolutionary society, no longer sees campaigning as being for something before being against something as gaffe-worthy.   

Yesterday’s sex scandal can be today’s mystique, if you are just willing to afterward reveal to teenagers on TV what kind of underwear you favor.

So it’s with this quaint notion that right can be made wrong- and vice a versa- if you just are brave enough to ask people to lower their standards by this much: <---> (not actual size…actually much, much smaller) that we address Democrat energy policy- or lack thereof- depending on your standards… or lack thereof.

It turns out that being for having an energy policy before being against it –or vice a versa- it isn’t a gaffe at all; no, indeed.

Under Obama, the Democrats have made it part of the party platform.

For example, did you know that president Obama has been a champion of Big Oil since he became our Chameleon-in-Chief?

That’s right: Oil production is at an all time high under- hurray!- his administration because he’s been so cooperative with oil and gas producers- and, depending on your standards, or lack thereof, you might even believe him when he says it.

Last year the New York Times was so disgusted with Obama’s landmark, much-billed energy policy speech that they actually issued this correction:

This article has been revised to reflect the following correction:

Correction: March 30, 2011

A previous version of this article misstated how many of the president's proposals to reduce the country's reliance on imported oil were new in his speech on Wednesday. None of them were, not one of them.

So let’s you, me and the New York Times agree that Obama really doesn’t have an energy policy. Recently Obama reinforced that notion, when he tried to sell us on the idea that he's responsible for increased oil production. Please.  

You see, Obama was against oil production before his newest, bestest policy, just recently embraced 72 hours ago, that- to paraphrase him- says: “Drill, Barry, drill.”

His change of heart <hack, cough>, or lack thereof, has come about in wake of the administration’s latest self-inflicted gunshot wound to the economy, rising oil prices… again.  

For decades the basic policy of all US governments, Democrat or Republican, has been to keep oil prices relatively low and relatively stable.  To argue a contrary policy, as Obama has done, would be like arguing that a higher crime rate leads to less crime because we’d end up getting more criminals off the street and in to jail. Crime rates would certainly go up, if we encouraged it. 

So it goes with oil prices.     

Since Democrats took over Congress in 2007, we’ve gone from relatively stable oil prices to all time highs, a small correction, and now we are headed back to all-time highs...again.  We have neither low prices, nor stable prices.

And oil prices have been rising during a jobs recession masquerading as Obama’s Summer of Love or Day of Rage. Just wait to see what oil prices do when we have real economic growth. But of course we neither have had growth nor will we grow under these self-defeating economic and energy policies, which are really the same thing. 

Makes you wonder if the same bright federal lights who illegally sold guns to Mexican meth dealers are also in charge of energy policy (see Solyndra). It’s the only explanation that I can come up with for the willful blindness that allows the Obamanauts to not see that their energy policy, like their policy on gun-walking, WON’T END WELL.

Economies around the world have been reeling and tottering on the brink of disaster: Japan? Recession, Europe? Recession. China? Double Secret Recession.

Rising oil prices won't help.

And this just in: Guess who has the largest amount of oil reserves in history? That’s right: the U-S-A.  

“In fact, the U.S. has a mind-boggling 1.4 trillion barrels of oil,” writes Investors Business Daily, “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.”

We have lots of recoverable oil it seems, but we don’t have a recoverable president of the United States.

LiveCharts Index Forex Commodity Futures Stock Charts

China, Japan and Europe, with a combined $30.6 trillion in GDP, are responsible for almost half the economic output of the world. Despite contraction in those economies, oil prices are still making new all-time highs. Basic supply and demand, if supply and demand weren’t artificially restricted and inflated by our genius central planners at central banks around the world, should have oil prices going down, not up to new all-time highs.

We are in the midst of repeating exactly what happened in 2008: A world economy already sputtering, faced rapidly rising oil prices until oil prices collapsed, taking everything else with it. 

Built to last? This newest oil bubble? Maybe. But I tend to think of oil as the real estate play of 2012. In 2011 we at least needed bad, bad news to chase oil prices up. Now it’s just happening on its own. 

The so-called soft-patch economy we’ve been in since last year has been the result of spiking oil prices as much as anything. Last year at this time, a red flag was going up on all the great economic news Obama was bragging about. The red flag was oil prices that were spiking to two year highs on news out of Libya regarding regime change and news out of Japan about the tsunami. One extended soft-patch later, the lesson that seems to be lost on the administration is that oil prices do have a direct effect on US economic growth.    

If oil prices stay high, this time, it just means the US economy will be slowed to a standstill- again, if it ever really has grown in real terms rather than just inflated. On the other hand, if oil prices collapse, it just means the financial losses in the oil patch will ripple throughout markets. And these are markets that have more assets, concentrated in fewer places than was true in 2008- in other words they are much too bigger to fail than last time we had to bailout troubled assets.

And remember Obama fixed too big to fail. Let’s hope that he doesn’t have to try to prove it. That has the makings of Tyson-Holyfield Part III. We’ll be lucky if someone just loses an ear, so to say.   

Because far from ensuring more production of oil, Obama has done everything he can to restrict oil production at a time when the country has finally discovered enough oil to become a net exporter of petroleum. Obama, in fact, has concentrated oil assets in fewer distribution outlets and the result has been higher prices.   

“The administration’s actions and its policy proposals on domestic oil and natural gas development are out of synch with its words,” says the president of the American Petroleum Institute (API). Oil producers, who API represents, actually benefit from these high prices. “The administration is restricting where oil and natural gas development may occur, leasing less often, shortening lease terms, going slow on permit approvals, and increasing or threatening to increase industry’s development costs through higher taxes, higher royalty rates, higher minimum lease bids, and more regulations.”

Contrast oil prices with natural gas prices which “plunged 32 percent in 2011 to end the year at $2.989 per million British thermal units for the largest annual decline in half a decade,” reports Bloomberg.

TOPICS: Business/Economy; Editorial
Rest of the article in the link
1 posted on 02/25/2012 4:27:17 AM PST by Kaslin
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To: Kaslin
“In fact, the U.S. has a mind-boggling 1.4 trillion barrels of oil,” writes Investors Business Daily... The problem is the government has put most of this supply off limits.”

President Boondoggle is making sure Mooselimb countries get our tax dollars one way or another. Either through higher oil prices or fraudulent solar power companies or just outright handouts to philanthropic orgs like The Mooselimb Brothahood.

2 posted on 02/25/2012 4:42:01 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Texas Eagle
He's also giving back some of the Aleutian islands to the Russians under the cloak of secrecy. The article was posted here but could not find it when I back tracked. Get on it Newt! Sarah where are you on this?
3 posted on 02/25/2012 5:17:35 AM PST by ronnie raygun (V)
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To: Kaslin

Remember when Pres. Bush dropped the price of oil overnight by announcing an increase in domestic supply?
Don’t recall whether it was threat of the oil reserve or drilling but it worked.

4 posted on 02/25/2012 5:46:42 AM PST by Vinnie
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To: Kaslin

If gas goes to $5 this summer that is an issue every voter & non-voter will feel. We need to drill everywhere & drill now. The Republicans need to drill this into the voters heads & drill now, not later.

Issue facts & figures on amounts of oil & number of permits before Zero starts to blame it on the evil oil companies and everybody but the Won.

And don’t let him shift blame for the Keystone XL pipeline. Point out that if he really cared at all about the US, he would have found a way to get the bill passed rather than playing at politics.

5 posted on 02/25/2012 5:51:33 AM PST by HangThemHigh (Entropy's not what it used to be.)
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To: Kaslin

bump for later reading

The world is burning and this bastard is fiddling.

6 posted on 02/25/2012 7:37:28 AM PST by Christian4Bush (PSA. As of 2/25/12, 255/330 days 'til we vote out/take out the trash. (11/6/12, 1/20/13))
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To: Kaslin

Barry would rather ooze than drill.

7 posted on 02/25/2012 7:50:17 AM PST by depressed in 06 (6 November, 2012, the day our embarrassment is sent back to Kenya.)
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To: ronnie raygun
He's also giving back some of the Aleutian islands to the Russians under the cloak of secrecy. The article was posted here but could not find it when I back tracked. Get on it Newt! Sarah where are you on this?

I found this link after a quick search. It did not start under Obama but under Bush I, but still it is a travesty.

Aleutians link
8 posted on 02/25/2012 9:26:08 AM PST by Nowhere Man (Send Obama back to the ghetto, November 6th.)
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To: Kaslin

We need more Barry Goldwater and less Barry Obama.

9 posted on 02/25/2012 9:27:51 AM PST by Nowhere Man (Send Obama back to the ghetto, November 6th.)
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To: depressed in 06
Barry would rather ooze than drill.

I'm showing my age here, but Obama is a true "scum-bum."

("Scum-bum" is said to be first used or at least made popular by it's use by Sheriff Buford T. Justice in the edited track of the 1977 movie, "Smokey and the Bandit" (one of my favorites), so they can show it on TV)

Come to think of it, we need to send Sheriff Justice to the White House.
10 posted on 02/25/2012 9:31:32 AM PST by Nowhere Man (Send Obama back to the ghetto, November 6th.)
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