President Obama’s Conflicted (to say the least) Oil Policy and Pronouncements

Strap in; it’s a roller coaster ride.
High gasoline and oil prices are bad.

Obama, speaking at a San Francisco event for donors, called rising gasoline prices an economic drain on drivers and said curbing oil reliance is a “national security imperative.”

High gasoline and oil prices (if they are gradual) are good.

I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers…

Action signaling that the President favors domestic drilling:

the administration has approved 39 new shallow-water permits as well as seven recent deepwater permits and is pushing for more production.

[Way to go, sir! I know that this is coming at a political cost to you which is regrettable.]
Potential action signaling that the President opposes domestic drilling:

A three-inch lizard that thrives in desert conditions could shut down oil and gas operations in portions of Southeast New Mexico and in West Texas, including the state’s top two oil producing counties.
Called the Dunes Sagebrush Lizard, it is being considered for inclusion on the federal Endangered Species listing by the U.S. Fish and Wildlife Service.

[We don’t need to actually use the lizard’s tail to drill for oil, as Glenn Beck has advocated. But let’s not continue down the path of madness of putting animals ahead of the vital needs of human beings.]
Statement affirming that the level of oil supply globally is adequate.

It is true that a lot of what’s driving oil prices up right now is not the lack of supply. There’s enough supply. There’s enough oil out there for world demand,

Statement strongly implying that the level of oil supply globally is not sufficient.

President Barack Obama on Tuesday urged world oil producers to lift crude output

Higher oil prices are good if fueled by an expensive, artificial carbon-control mechanism.

In a speech prepared for delivery in Portsmouth, N.H., the Illinois senator said the cap-and-trade plan would be the centerpiece of a wide-ranging set of measures designed to cut emissions of gases tied to global warming and weaning the United States off of dependence on oil. …
Obama’s plan would require all credits to be purchased at auction, rather than allocated by industry — a move his campaign said would ensure that all polluters pay for every ton of emissions released.

[… and also ensure that all consumers unnecesarily pay more for every joule of energy they need.]
Higher oil prices are bad if driven by capitalism and speculators.

President Barack Obama on Tuesday blamed speculators for driving gasoline prices higher and straining American consumers, saying there was enough oil in world markets to meet demand.

Wheee! That was fun! (… er, does anyone understand the President’s stance on oil?)

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BobN
BobN
10 years ago

One thing that the Obamunists don’t understand is that the energy problem can’t be solved by diverting more taxpayer money at it. It isn’t a question of money. It is a question of the difficult scientific and technical problems involved and the pace of innovation that comes from creative minds working on it.
It’s like saying that if a woman can have a baby in nine months, nine women can have a baby in one month.
Obama’s plan is not to solve the problem, but to redirect even more money to his cronies and political allies. This is such a cynical corruption of government power that it can only be described as evil. General Electric, Al Gore and Kleiner Perkins are just a few of the political cronies who are taking billions of our dollars but providing no return on the “investment”.
The problem of education spending is similar: despite the self-serving excuses of the unions, improving education is not a function of how much money is spent but on how the money is spent.

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