As the fallout continues to grow from the failure of the Keystone Pipeline project, the obama administration continues its sorry track record of stabbing the average hurting almost beyond all hope American citizen, in the back. obama, the first muslim illegal alien potus killed the Keystone oil pipeline project until AFTER the 2012 elections. Then he has the nerve(no problem for the most arrogant and out of touch potus we have had in my lifetime)to say that this decision was not about politics or hanging on to the votes of the far left and the nasty horde that makes up the environazi movement, is extremely insulting.
Delaying or killing a project that the libtards like to call 'shovel ready', that would have provided 20,000 jobs in this economy really shows the long term stupidity of obama and his administration of traitors like steven chu. Mr.chu, who was busy visiting a solar panel plant owned by the equally traitorous general electric, stood by his previous statement that the United States must remain competitive in the clean energy market.
Not to mention that this erroneous decision has angered our Canadian neighbors and rightfully so.
This is the same general Electric that is moving much of it's domestic manufacturing over to China, including a lot of the company's management. This is the same general electric that paid ZERO in corporate taxes and has giving millions to obama and his cronies in donations. This is the same general electric that has those commercials on television that try to dupe you into thinking what a great corporation it is.
The Keystone project decision should have angered the unions that would have benefited from many of those 20,0000 jobs but there has been nary a snivel or whine from them. Even if many of the rank and file are seething, they are probably under orders not to say anything against the one who has done all he can to support many of the most vile and poisonous unions in existence, like the SEIU.
With price of oil now at, over or just under $100.00 a barrel, the Keystone decision may end up really hurting the first muslim illegal alien potus in ways he could not have imagined. The supreme arrogance that obama suffers from will extract a heavy price from obama. The saddest part about all of this is that the American citizens are the ones who will suffer the most. While we struggle to hang onto our homes(if you lucky enough to still own yours), obama and queen MOOCH will continue to dine on steak and take another vacation at the taxpayers expense.
We have all the domestic resources we need to provide energy power for our country. Coal, Oil, Natural Gas, Hydro-electric, Solar are there, ready and waiting to be tapped. Solar using all domestically produced production.
From Fox News.
D.C. Energy Debate Simmers as Oil Prices Rise
As oil prices creep upward, lawmakers in Washington are staking out familiar and competing positions over how to address the rising price of energy.
The Energy Department itself remains tangled in the scandal over failed solar firm Solyndra. Amid signs that gas prices could soon hit an upswing, top Energy officials are distracted preparing for testimony before Congress and answering the House Energy and Commerce Committee's requests for documentation on its renewable energy loan program.
Yet the department is standing by the intent of that program, and continues to push for more alternative energy investment as the prescription for unstable energy prices. While Republicans over the past few days have pushed anew for domestic oil drilling and exploration, the Obama administration is doubling down on the renewable energy game plan.
Energy Secretary Steven Chu on Friday visited a -owned solar plant in Arvada, Colo. There, he said the United States must compete in the clean-energy industry, reiterating his message to the Energy and Commerce Committee from a day earlier.
The White House remains in sync with Chu, despite mounting criticism of his department's handling of the loan guarantee to Solyndra and other companies. "Secretary Chu has the president's full confidence," White House spokesman Eric Schultz said in a statement. "Under his leadership, we are on track to double the generation of renewable energy from sources like wind and solar."
Schultz also cited steps to develop "domestic resources safely and responsibly."
But the White House may come under increasing pressure to do more on the domestic front, with the oil-price cycle poised to trigger a political cycle of energy-related recriminations.
|environazis celebrating the delay of the Keystone Pipeline Project.|
The price of a barrel of oil this past week hit $100 for the first time since July. After steadily falling from its spring peak, the price of oil has risen nearly 30 percent since early October. Gas prices are down from their May high of nearly $4. But the decline is starting to level out, and may reverse if the trend in oil prices holds.
AAA estimates the average price of a gallon of regular gas is about $3.37 -- that's still 50 cents higher than a year ago. After releasing oil from the Strategic Petroleum Reserve earlier this year, the Obama administration may be out of short-term fixes for another price surge.
The administration telegraphed its concerns about the oil market earlier this week, when addressing the prospect of sanctioning Iran's Central Bank.
Adam Szubin, director of the Treasury's Office of Foreign Assets Control, said at a House hearing Tuesday that the Central Bank sanctions could actually benefit Iran while hurting the U.S. and global economies by causing oil prices to spike. "If there is a spike in the price of oil ... there could be profound harm to the global economic recovery and a windfall to Iran," he said.
Amid the concerns, there was a flurry of talk on the GOP side this past week about domestic energy exploration.
In their latest transportation bill, House Republicans proposed unlocking new areas to drilling and using that revenue to fund infrastructure projects. The bill includes provisions to require new leases for offshore drilling, new rules for shale drilling and a green light to drill in a fraction of the Arctic National Wildlife Refuge in Alaska. The latter has been a contentious topic for years. Rep. Doc Hastings, R-Wash., pushed the GOP plan Thursday as the ticket to energy independence.
"Increased energy production is one of the best ways to create new American jobs, grow the economy, lower energy costs and generate new revenue," Hastings said in a statement.
But Steven Koonin, undersecretary for science in the Energy Department, stressed at a Senate hearing earlier this week that more domestic production will not necessarily bring prices down.
"Oil is priced globally," he said. "There are some differences due to quality and location. But basically there is one global oil price. We are not in control of that price as the president has said. We're a small producer and a large consumer in that global market."
Koonin said the U.S. would need to move beyond oil to enjoy more affordable energy. "Even if we produced it all at home -- which I think would be very difficult to do -- we will still be subject to the dynamics of the global market," he said. "If you want to decouple from those dynamics, free yourself from them, we need to run our transportation on something other than a liquid hydrocarbon. And that means either electricity or natural gas or hydrogen."