President Obama’s War on Oil and Gas

Posted by PITHOCRATES - March 23rd, 2013

Week in Review

The economy is still languishing in a recession.  At least if you look at the labor force participation rate.  Which has fallen greatly during the Obama presidency.  And still shows no signs of recovery.  Hundreds of thousands of jobs continue to disappear from the labor force.  While median income falls.  And gas and food prices rise.  In fact the only boom going on during the Obama presidency has nothing to do with President Obama.  The oil and gas boom is all on private lands.  Where he can’t stop it.  Like he has stopped it on public lands.  But if you listen to him talk you wouldn’t know that (see Obama’s Quiet Declaration of War on Oil and Gas Production by Clark S. Judge posted 3/18/2013 on U.S.News & World Report).

Last week, the president traveled to the Argonne National Laboratory outside Chicago to deliver what the White House billed as a major speech on energy…

Despite the speech’s “energy” label, the oil and gas boom that is in the process of transforming the United States from a net importer to a net exporter of hydrocarbons rated only one forward-looking sentence. “[W]e’ll keep moving on the all-of-the-above energy strategy that we’ve been working on for the last couple years,” the president said, “where we’re producing more oil and gas here at home but we’re also producing more biofuels, we’re also producing more fuel-efficient vehicles; more solar power; more wind power.”

That was it. No mention of allowing drillers onto public lands from which they have been excluded throughout the Obama presidency. No mention of allowing construction of the Keystone pipeline, a major step, if it happens, toward fully freeing the nation from dependence on such problematic petroleum suppliers as Venezuela and the Middle East…

But here’s a thought: Could it be that the president’s brushing aside of the only viable short-term sources of American energy—the oil and gas boom—had to do with a story that broke the day before? As Bloomberg reported, Mr. Obama “is preparing to tell all federal agencies for the first time that they should consider the impact on global warming before approving major projects, from pipelines to highways.” Bloomberg added, “The result could be significant delays for natural gas-export facilities, ports for coal sales to Asia, and even new forest roads, industry lobbyists warn.”

In other words, it looks as though the entire energy address may have been a smokescreen, covering the start of a White House-driven war on American oil and gas production.

So not only is the president keeping drillers off of public lands he is now directing his administration to hinder the economic activity on private lands.  By putting up roadblocks to hinder the private sector bringing their products to market.  Which won’t do anything to improve the labor force participation rate.  In fact, it will probably cause even more jobs to disappear from the market.

Guess the president doesn’t care about the oil and gas industries.  As long as he has fuel for Air Force One to travel the world on vacation he’s content with the way things are now.  Horrible.

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