Currently, 56% of the U.S. trade deficit is the result of oil imports. Two hundred billion dollars of American wealth is transferred overseas every year to countries that don’t like us very much. If current Obama Administration policies don’t change soon these numbers will only get bigger. Regardless of these numbers the Obama Administration only wants to hear about green energy.
Post Tagged with: "oil exploration"
January 18, 2011 07:49
The No Subsidies Energy Policy
If Obama wants to set us on a path to a sustainable-energy future – and a green one, too – he should propose a very simple solution to the current mess: eliminate all energy subsidies. Yes, all of them – oil, coal, gas, nuclear, ethanol, and wind and solar.
January 6, 2011 07:13
EPA holds up oil drilling in Alaska as gas prices rise
Alaska Governor Sean Parnell said “the federal permitting system is broken and we are paying the price. These appeals are not all about protecting the environment”
October 11, 2010 06:05
America’s Crude Advantage
Drilling restrictions are sending oil and gas production outside America’s sphere. The curbs are presumably in place for environmental reasons. But the truth is, it’s cleaner to drill at home than elsewhere.
July 29, 2010 08:30
The Job Moratorium
A new analysis of the effects of the offshore drilling moratorium shows more to worry about than beaches and tourism. Massive job loss and economic hardship lie ahead, and we’re doing it on purpose. – IBD
March 26, 2010 01:00
Gas up $1 a gallon on Obama’s watch -just you wait!
Now at $3, Obama’s proposed climate bill and environmental regulations will push it higher still.
