Showing posts with label Energy. Show all posts
Showing posts with label Energy. Show all posts

Why Gas And Energy Prices Are So High

February 22, 2012 - I'll get right to the point: The price of gasoline is so high because the Obama Administration wants energy costs to be high. Really.

Obama said so himself. If you don't believe me, watch this video.



Obama told the San Francisco Chronicle in January, 2008 that "under my plan, uh, of a cap and trade system, electricity rates would necessarily skyrocket, even, regardless of what I say about whether coal is good or bad, because I'm capping greenhouse gases, coal powered plants, y'know, natural gas, you name - whatever the plants were, whatever the industry was, they would have to, ah, retrofit their operations. That will cost money, that we'll pass that money onto consumers."

Watch Obama's angry speech at the Dept. of Energy on February 5, 2009:


President Obama and his circle want higher energy prices. That includes the gas you need to drive to work, pick up your kids, and go to the store. It includes the gasoline and diesel that powers the trucks and trains that bring essential goods to your neighborhood.  An ABC News report yesterday that we could see $5 per gallon at the gas pumps by Memorial Day.

Various quotes by Obama Administration officials demonstrate the real goals of raising the cost of energy for Americans. One of those quotes is from Energy Secretary Steven Chu.

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Chu said in December, 2008. As reported by the Wall Street Journal, "Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work."

Obama had no teleprompter with him during the 2008 SF Chronicle interview.  What he meant by that last, telling sentence was that the higher prices that would be caused by his energy policies would be passed onto consumers. So, money would not be passed on to consumers. More money would be taken from consumers, he was saying, as prices of heating their homes and filling their gas tanks rise ever higher. And he essentially admitted that this is what he wants.

Three years in to Obama's presidency, we've seen a doubling of the price of gasoline. It's not coincidence. It's according to plan. It's what Obama and the Democrats want.

Obama and much of the Democrat leadership actually do want higher fuel and energy prices, and for two primary reasons: (a) To discourage the use of carbon-based fuels, and (b) To make the cost of "fossil" fuels so painfully expensive that it would force more popular support for alternative "green" energy technologies. There is actually a third reason why they want higher energy prices: Power. That's right, power, and I don't mean the kind that makes your lights burn. I mean political power.

It's all sheer madness, however, driven by emotions and agenda more than by logic. While Obama and others keep telling us that "green jobs" will get the sluggish economy moving again, we've seen a number of stunning green tech companies fail recently, and they did so with hundreds of millions of taxpayer dollars. Solyndra, for example. The Obama Administration is eager to keep shoveling your taxes at losing ventures, yet they ignore and even vilify the fossil fuel industries. Oh, and if you thought Solyndra was bad, you'll just love the about-to-break Horizon Wind Energy scandal.

"At the very same time that the shale revolution is saving the economy hundreds of millions of dollars per day, directly creating tens of thousands of jobs," wrote Robert Bryce for National Review today, "decreasing the need for foreign oil, and spurring growth in manufacturing that will lead to billions of dollars of new investment and still more jobs, the president is bashing the oil-and-gas sector. Not only that, but in Obama’s new budget, he continues to insist that 'clean energy' will drive America’s future competitiveness." Repeat: The Democrats want higher energy prices.

It's not my intention to write a comprehensive analysis of Obama's energy policies. I am no expert, but there are plenty of experts out there offering their take on this subject.

Americans need to be aware that Obama and his supporters are deliberately sabotaging the consumers in this nation. They willing to make sacrificial lambs of us all in the name of fighting global warming, which continues even though the climate change alarmists have been thoroughly discredited. Power, remember? Control the sources of energy and you control the nation. Money is a driving factor, too: Cap and trade is a multi-billion dollar industry, which people like Al Gore have profited from enormously. Do your research, people.

Meet SunPower, Twice As Bad As Solyndra

October 12, 2011 - If you thought Solyndra was a bad deal for taxpayers, wait'll you hear about SunPower (SPWR-NASDAQ). Solyndra is (was) a solar panel manufacturer that received a $535 million loan guarantee from the federal government. Even with all of that money, however, Solyndra went bankrupt.

But Solyndra may be just the tip of iceberg, so to speak, in the Obama Administration's misguided - and expensive - attempts to artificially nurture selected private "green" companies.

"How did a failing California solar company," asks Human Events this week, "buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project?"

Good question. Human Events goes on to note that SunPower "now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain."

What's truly incredible is that the White House seems oblivious to the mushrooming scandal that's come from their failed bankrolling of Solyndra. "With the FBI reportedly digging into the company for potential fraud," reported the San Jose Mercury News two weeks ago, "congressional Republicans had called on the Department of Energy not to rush loans through the approval pipeline just to beat the deadline." 

"But as the clock ticked down," SJM's report continued, "the department approved four more solar energy loan guarantees worth nearly $5 billion. One of the biggest chunks -- $1.2 billion -- went to San Jose's SunPower (SPWRA), which is building a 250-megawatt solar plant in San Luis Obispo County." (Emphasis added)

Solyndra is, we now know, just one of a number of "green" boondoggles pushed by the Obama Administration. How many more will surface remains to be seen.

(Thanks to Chicago News Bench for the SunPower logo)