“If you have twitter and/or facebook, make sure you put Newt’s quotes, policies/positions, speeches e.t.c. out there.”
http://spectator.org/archives/2012/02/29/obama-loses-his-first-debate/
Newt Gingrich :
“After I came out for a program to get to $2.50 a gallon
gasoline, Obama decided he had to make a speech on energy. It is a very revealing speech.
It is factually false, intellectually incoherent, deeply conflicted on policy and in some places just strange.”
Gingrich exposed Obama’s confusion regarding fracking, saying that:
“Obama lives in this fantasy world of government subsidies. He says,
quote, “It was public research dollars that over the years helped
develop the technologies that companies are right now using to extract
oil and natural gas.” Just to set the record straight, fracking began in
Kansas in 1947 and it expands to Oklahoma in 1949. It’s done in Canada
in the 1950s. And George Mitchell and the private sector are regarded as
the pioneers in the development of “fracking.”
This would be like suggesting that the Air Force invented the airplane
and they don’t know who these two Wright Brothers are because, after
all, they were private sector guys who were just bicycle mechanics, and
how could they have invented the airplane when actually
it must have been the Air Force because everything that was good is done by the government.
That is the Obama mindset.”
Gingrich summarizes:
“Obama’s is a very revealing speech. You have an intellectual left
winger who lives in a fantasy world in which he very cleverly uses
language to say things that aren’t true that sound good because he
knows that if he tells you what he really wants to do, you will defeat
him in a landslide.
One of our jobs, of course, is to make sure that
the American people understand what he really wants to do. Our choice
is between energy independence and never again bowing to a Saudi King
and $2.50 gasoline and about $18 trillion in royalties over the next
generation; enough you could literally pay off the national debt just
with the royalties for the federal government from development with no
tax increase, and at least a million new jobs. That is our side.
Obama’s side is a series of fantasies in which your tax money is thrown away on products that are not commercially feasible,
while you pay higher and higher prices, and are coerced into smaller and smaller and smaller vehicles.
These are the two futures we are going to campaign on this year.”
Obama’s lies and The Truth:
Even though the US is the world’s third largest oil producer, it has
had to import 90 billion barrels of oil at a net cost of $3.1 trillion since 1975, $2 trillion in the last ten years.
Roughly two-thirds of the oil consumed in the US over the past decade is imported.
http://dailyreckoning.com/wp-content/blogs.dir/5/files/2011/08/DRUS08-23-11-2.png
US Crude Oil & Petroleum Products:
Domestic Supply - 2,755,156 oil barrels
Import Supply - 4,304,533 oil barrels
Domestic crude oil, in 2010 - 1,998,137
Import Crude Oil, in 2010 - 3,362,856
http://www.eia.gov/dnav/pet/pet_sum_snd_d_nus_mbbl_a_cur.htm
What Newt is saying - developing the national resources, means to stop buying imported oil for roughly $500 billion a year will create jobs and processing local crude oil, will make the free market working and necessarily lower the energy price, gasoline included.
After all, when Obama was inaugurated the gasoline was at $1.87 the gallon. I don’t see why the price couldn’t get down to that, if all the anti-energy regulations of his administration were repealed.
It happens in North Dakota, where oil is extracted on private land, it can happen on national scale if some federal land and offshore are open to oil and gas processing.
