Friday, February 10, 2012

Green Energy IS A Lie : Fossil Fuel Drives America


What I want to know is just how much more are the people of this country willing to pay for energy to heat their homes or drive their car before they say enough is enough.

Obama and most Democrats, if given another term in office, will drive the general public into financial ruin as the price of fossil fuel ramps up so will all other commodities, most important of these is food which is already nearly out of control. Little wonder then as nearly 54% of all our industries are fueled by fossil fuel and will be for the foreseeable future.

This November, make the decision in the voting booth on just who is responsible for the mess we are in and then vote them out of office.

Costs and Consequences: America's Misguided Energy Policies
Source: Mario Loyola, "Costs and Consequences: America's Misguided Energy Policies," Texas Public Policy Foundation, January 2012.

By targeting fossil fuels in favor of renewable energy, the Obama administration's energy policies suppress job creation and result in higher energy costs for American families. The damaging effects of these policies can be seen in a number of areas, says Mario Loyola, a senior analyst at the Armstrong Center for Energy and the Environment.

First, the administration's use of taxing tools against fossil fuels and subsidization of renewable energy seeks to create an artificially stimulated demand for an inefficient resource.

According to the 2011 Almanac of Environmental Trends, wind power is three times as expensive as electricity derived from coal, while solar power is four times as expensive.
In his 2012 budget, Obama proposed eliminating 12 tax-related provisions that favor oil companies, generating $46 billion over 10 years, all of which would go to his proposed $148 billion in subsidies for green and renewable energy. The energy industry replied that, in response to losing $4 billion annually, they will cut back on expanding capacity by about a third, eliminating or deferring hundreds of jobs.

The Obama administration recognizes that the only way renewable energy can be allowed to compete with less expensive fossil fuels is by making oil and natural gas more expensive to develop. The president used the Gulf Coast oil spill as a pretense for reaching that end.
The moratorium on deep water drilling made little technical sense, as it halted operations during some of the safest phases of oil production. It was clearly legal overreach, as evidenced by the fact that it was thrown out by numerous courts on several levels of the judiciary.

The subsequent regulatory atmosphere caused 33 drilling rigs present in the Gulf before the spill to leave for other countries, as of June 10, 2011.

Continuing this broad campaign, the Obama administration now relies on onerous regulations from the Environmental Protection Agency and the U.S. Fish and Wildlife Service to price oil and natural gas out of the market. Their rules increase costs -- costs that will inevitably be passed onto American consumers.

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