Our nation’s natural resources and access to affordable energy are under assault from environmentalists, business interests and progressive politicians. Their plan is to raise the price of fossil fuels to make renewable energy economically competitive.
But too many Americans already face significant financial difficulties due to soaring energy costs and rising food prices. For example, a May 2011 USA Today/Gallup poll found that seven in ten Americans say high gasoline prices are causing them personal financial hardship.
Lower-income families are hardest hit by soaring energy prices. A recent study concluded that these households are spending nearly a quarter of their incomes on energy costs. Considering income inequalities, energy price increases have a disproportionately large effect on black and Hispanic households.
This crisis reverberates. Wal-Mart, the nation’s largest retailer, cites higher gasoline prices for disappointing sales. A poll conducted by the wholesaler website DollarDays.com found 25 percent of small business owners fear high fuel prices will lead to layoffs.
President Obama’s energy policy is a major contributor to this economic pain. Instead of taking advantage of our nation’s abundant supply of domestic natural resources — coal, oil and natural gas currently provide about 85 percent of our energy needs — Obama is waging a war on fossil fuels.
Obama’s energy policy is designed to raise the costs and reduce the supply of fossil fuels through regulation of natural resource development and use.
Unfortunately for America, it’s the only way Obama can make renewable energy competitive to meet his goal of generating 80 percent of electricity from “clean” energy sources by 2035.
It’s a command-and-control energy policy where the federal government takes an active role in picking energy winners and losers, causing energy prices to “skyrocket” while stifling economic growth and driving jobs overseas.
No, but your bitching about him constantly is pushing on my last nerve...
Answer by DSamuels at 7:06 PM on Jun. 5, 2011
Answer by DSamuels at 7:14 PM on Jun. 5, 2011
Answer by daughteroftruth at 7:24 PM on Jun. 5, 2011
Answer by itsmesteph11 at 7:36 PM on Jun. 5, 2011
Answer by annabarred at 7:54 PM on Jun. 5, 2011
Answer by sopranomommy at 8:39 PM on Jun. 5, 2011
causing energy prices to “skyrocket” while stifling economic growth and driving jobs overseas.
I wonder if those jobs leaving the country will be blamed on Bush or if Obama will take ownership of that one. No, I really don't wonder. LOL. We all know it will have been Bush's fault.
Answer by QuinnMae at 9:37 PM on Jun. 5, 2011
Answer by Farmlady09 at 10:23 PM on Jun. 5, 2011