Liberty Scout
13 March 2010
Even though two-thirds of Americans are for offshore drilling, the Obama Administration seems determined to make us more dependent on foreign oil as we wait for alternatives to be developed and mass produced. This week the Obama Administration continued their war on energy independence by announcing an offshore drilling ban for 3 years.
Future Fuels: Our secretary of energy pushes bio-refineries and windmills to oil executives at an energy conference as the administration announces a three-year offshore drilling ban. This is a policy for economic suicide.
They don’t qualify as an official group of victims, but carbon-Americans, as they have been called, did not have much to cheer about last week, when Energy Secretary Steven Chu addressed CERAWeek 2010, a premier industry conference hosted by IHS Cambridge Energy Research Associates.
With an economy struggling to regain sound footing, Chu advocated a starvation diet devoid of additional fossil fuels that are to remain under the ground and seabed. Instead, he supports 53% more funding for wind research and a 22% jump for solar research.
Subsidizing alternative energy fits the classic definition of insanity. Despite huge subsidies, it has proved to be neither cost-effective nor a reliable, significant contributor to our national power grid. Yet we keep subsidizing it, expecting a different result.
This news comes at the same time Harvard researchers estimated the need for gas to be 7 dollars per gallon to meet the Obama Administrations emissions standards. Interestingly, the Obama Administration is pro-energy independence and offshore drilling… in Brazil.
