In spite of the best efforts of this Administration, America is on the verge of an energy revolution with consumer costs plummeting due to secure North American sources of oil and natural gas. Innovative technologies for unleashing huge oil shale deposits in North Dakota and neighboring Canada combined with natural gas discoveries primarily located in the northeastern United States will be the building blocks for a second American century.
The EPA’s most recent announcement is all vehicles must meet an average of 54.5 miles per gallon by 2025—a doubling of today’s average of about 27 mpg, according to the Wall Street Journal. The free enterprise system is once again interrupted by the edict of a rogue government agency, and the result will be higher costs to the consumer–whether the consumer wants them or not–and a reduction in vehicle safety in order meet these unrealistic standards.
The city of Baltimore cut off power (undoubtedly powered by coal mined by evil corporations, and manufactured by evil electricity corporations) to the Marxists at Occupy Baltimore. Apparently this upset the Marxist rabble because now they don’t have power for their corporate-manufactured, corporate-sold and corporate-maintained cell phones.
Hope and change were the magic words that swept a relatively unknown, inexperienced Barack Obama into the Oval Office. He campaigned as the one able to fix the Bush economy. Once in office, he has protested that he didn’t know how bad the economy was even though that was what he had run his campaign on. The solution to our current malaise is not more of the same. It isn’t spreading the wealth around in a step-by-step slide into socialism.
Zero. It hasn’t happened in the lifetimes of anyone who isn’t eligible for social security. Zero net jobs were created in the month of August for the first time since 1945. It is almost mind boggling to think about what may turn out to be this President’s singular accomplishment — ending a 792 month job creation winning streak for the American economy. Historians will be looking to determine just how the Obama Administration reached this milestone.
Every American manufacturing company gets tax deductions that help it create jobs and strengthen our economy — whether it produces newspapers, furniture, cars or fuel. Eliminating those deductions would increase unemployment and further slow our nation’s desperately needed economic recovery. Yet that is precisely what President Obama wants to do when oil companies want to use the deductions.
What if you were to learn that a massive Saudi Arabia sized supply of oil was available just 500 miles north of our border? What if this supply of oil was controlled by an ally of the United States who wanted to develop it and ship it south? What if this supply of oil did not require any off-shore drilling? Wouldn’t it make sense to allow that oil to reach the U.S. market rather than having it drilled and transported to China instead?
The Better Use of Light Bulbs (BULB) Act could very well turn the lights back on for those in favor of the incandescent light bulb. Expected to receive a vote in the House of Representatives very soon, the House Energy and Commerce Committee’s legislation, H. R. 2417, would “repeal a provision in the Energy Independence and Security Act of 2007 that requires traditional incandescent light bulbs to be 30 percent more energy efficient beginning in 2012,” according to an article in The Hill.
The Institute for Energy Research (IER) has an interesting piece on Britain’s blunder of relying in wind power. This study finds that because wind energy comes and goes with the wind, many fossil fuel power plants are needed to back up wind power. And when these fossil fuel power plants power up and down, they create more emissions than they do when they run at a steady load. So wind energy costs more and creates more emissions than fossil fuel energy.
Mitt Romney’s defenders claim he wouldn’t really advance the radical environmentalist agenda even though he admits to believing in the hoax of anthropogenic global warming. He’s a Republican, after all. Yet this “Republican” hammered Pacific Gas and Electric in his state with new environmentalist regulations, and also accused the electrical industry of killing people and causing thousands of health problems. Does this sound like a Republican to you?
Last month the Obama administration announced it would release 30 million barrels of oil, the largest ever, from the U.S. Strategic Petroleum Reserve. Only those without an understanding of basic economics would applaud such a move. While we are arguing about Big Oil’s subsidies of $18 billion over 10 years, no one seems concerned about Big Government’s windfall taxes of $24.4 billion every year. We should keep the strategic reserves for a real emergency.
Fuel prices got you down? Need a job? Well, prepare to unlearn everything you’ve learned about domestic energy production. Don’t ever let another green “warmer” tell you, “We can’t drill our way out of this mess.” That’s a lie. Contrary to environmentalist talking points, we know that by conservative estimates, the United States enjoys three times the oil reserves of Saudi Arabia. Additionally, we have enough natural gas reserves to last nearly a century. Let that sink in.
Raymond Keating, chief economist for the Small Business & Entrepreneurship (SBE) Council, said many businesses are nervous about the cost of energy, public policy changes, government spending and debt, and regulatory issues like ObamaCare. This atmosphere of uncertainty is causing businesses to hold off on hiring, investing and growing. All of this comes together to keep our economy struggling.
High gas prices hurt all of us because it is limiting visitors coming to South Dakota as well as cramping us from seeing the other parts of our beautiful state. In fact, the high gas prices remind me of the ration stamps during World War II that also limited our travel. The only difference is the ration stamps were needed because the gas was going to a good cause. Things are different today.
The Environmental Protection Agency (EPA) tows a strong line when it comes to mercury, issuing 946 pages of rules requiring the U.S. energy industry to sharply reduce already low emissions of mercury and 83 other pollutants. Interestingly, U.S. power plants account for less than 0.5 percent of all the mercury in the air Americans breathe. Those florescent lightbulbs that “greenies” love so much also contain the element the greenies want power plants to get rid of.
The nomination of John Bryson as Barack Obama’s new Secretary of Commerce has been touted in some circles as “the latest in a recent string of moves by the Obama administration to mend relations with the business community.” But is the selection of Bryson — who founded a radical environmental organization and helped spearhead the United Nations climate change movement — really a good choice for American businesses?
The Cost-of-Living Adjustment (COLA) for the past two years was 0.0%. The COLA legislation was passed in 1973 to ensure that Supplemental Security Income (SSI) benefits would keep pace with inflation. Many other entitlements plus private- and public-sector employee salaries and benefits have become attached to the annual COLA computation. Every organization that uses the federal computation for a COLA has not adjusted salaries automatically. With unemployment running at 8.7%, most workers are just grateful to have a job.
The first Republican presidential debate was held tonight in South Carolina. Participating in the debate was Rep. Ron Paul (R-TX), Minnesota Governor Tim Pawlenty, businessman Herman Cain, former Pennsylvania Senator Rick Santorum, and former New Mexico Governor Gary Johnson. Candidates were asked about a variety of topics from the war on terrorism, to government interference in the free market, to abortion and drug legalization, to marriage and homosexuality.
President Obama publicly laments the rise in fuel prices. However, could this rise in energy costs be government policy? This isn’t a supply problem. Mr. Obama’s Energy Secretary Steven Chu believes that Americans should pay for gas at the same rate as Europeans which at the time of his statement was seven to nine dollars a gallon.
Answering a question on America’s foreign dependence on oil from a Northern Virginia Community College student at a town hall event on April 19, Barack Obama boldly alleged, “we have actually continually increased U.S. production, so U.S. production is as high as it’s ever been.” It was a claim so false as to be laughable. With all the benefits of being energy independent, why is it that politicians only pay lip service to the idea?
Last night Congressman Ron Paul (R-TX) told Sean Hannity he was gearing up for a run for president. Ron Paul has always had an admirable respect for the U.S. Constitution and has always been a strong voice for fiscal responsibility and limited government. If he were the average conservative who believed in such things, I could really get behind him as a presidential candidate. unfortunately, when it comes to foreign policy and national defense…well, the phrase “crazy as an outhouse rat” comes to mind.
Today America faces an economic earthquake and a social tsunami. The lack of a historical perspective may well prove to be the undoing of our nation. Once a people are divorced from their past they live in the Eternal Now and those who set the agenda can always change now. The study of History not only provides context it also provides an endless number of lessons, illustrations, and warnings.