Posted on 02/28/2011 8:21:13 AM PST by agee
Gasoline prices keep going up and the consumer is getting hammered with gas well over three dollars. In 2008 the soaring cost of energy was the fuse that kicked off the US recession that was ultimately driven by the financial crisis. Both issues were made worse by the federal government's interference in the marketplace. The US economy is set for a repeat of 2008 because the White House never learned from the root causes of the recession.
The unrest in the middle east showing no signs of abating and international bad boy Iran is being as provocative as it thinks it can get away with. The US seems frozen by indecision and shows no clear leadership on the middle east protests for self determination. These facts invariably mean that oil prices will continue to be extremely volatile, and large consumers (like airlines and power producers) will hedge their bets by buying and hoarding as much as they can afford. Gas prices are going to continue to be pushed up and the economy is going to suffer as a result.
Some of the volatility in the market place could have been avoided if we had a President that took energy production seriously. Instead the US government turned on its proven energy producers by canceling oil and gas leases and threatening a carbon tax scheme that discouraged investment. Through regulation and red tape millions of acres of potential oil and gas reserves are now off limits to exploration. The Obama administration used the BP oil spill as an excuse to illegally hamstring domestic energy production, even going so far as to lie about what experts had recommended.
(Excerpt) Read more at americanthinker.com ...
We do not need an energy policy. What we need to do is scrap the energy policy and let energy freedom reign. Drill oil, build power plants. Laissez-nous faire.
Actually, Sarah Palin HAS an energy strategy, and the credentials!
Here’s my energy policy: Leave it to the market.
Exactly. Step 1 for the federal government: Get the frick out of the way.
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