Our undaunted seer of the energy future has come up with his own miracle fuel: algae. Yes, green slime, upon which Steven Chu’s Energy Department will be sprinkling yet another $14 million of taxpayer money. – Krauthammer at IBD Editorials

 

By Charles Krauthammer at IBD

EXCERPTS:

…. the American people know something about this president and his disdain for oil. The “fuel of the past,” he contemptuously calls it.

 

Obama says of drilling: “That’s not a plan.” Of course it’s a plan. We import nearly half of our oil, thereby exporting enormous amounts of U.S. wealth. Almost 60% of our trade deficit — $332 billion out of $560 billion — is shipped overseas to buy crude.

 

Who do they think they’re fooling? An oil crisis looms, prices are spiking — and our president is extolling algae.

 

After Solyndra, Keystone and promises of seaweed in their gas tanks, Americans sense a president so ideologically antipathetic to fossil fuels — which we possess in staggering abundance — that he is utterly unserious about the real world of oil in which the rest of us live.

FULL ARTICLE

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