President Obama has waged war on fossil fuels for three and a half years – and American consumers and families are caught in the green energy crossfire.
They are getting hit with higher energy prices, dismal employment prospects and a floundering economy, as billions go to unfriendly overseas countries for oil we could produce in the USA, and billions of tax dollars are wasted on subsidy schemes designed to make “green” energy more competitive – by raising the cost of electricity and fossil fuels that really power our economy. Even worse, his policies are actively killing jobs and preventing job creation: in the oil patch, coal country, and hundreds of industries whose survival depends on reliable, affordable energy. Family salaries and budgets, health and welfare, hopes and dreams are being pummeled. In reality, the only thing “green” about his ideologically driven energy policies is the money leaving our wallets. Mr. Obama’s energy policy isn’t about serving American consumers. It’s about appeasing environmentalists and crony capitalists whom the President is counting on for his reelection campaign.
In an incredible “coincidence,” some of the “green” energy companies that received portions of the $15 billion in taxpayer-financed US Energy Department loans and grants are run or backed by some of President Obama’s biggest campaign donors. Solyndra – the solar company that went bankrupt, fired its employees and now cannot repay its $535-million loan – is just one example. Presidential candidate Obama said energy prices “would necessarily skyrocket” under his policies. Energy Secretary Steven Chu said “somehow we have to figure out a way to boost the price of gasoline to the levels in Europe” (over $8 per gallon), to reduce consumption. And EPA Administrator Lisa Jackson is issuing carbon dioxide and other regulations that will drive coal-based electricity out of existence, make cars even more expensive and less safe, and give her agency effective control over our entire economy.
Belatedly realizing that supporting $8 gasoline is not politically astute, President Obama and many Democrats are now trying to recast themselves as friends of consumers, at least until November, by backing a few oil and gas projects – while strangling other projects and entire industries in miles of regulatory red tape.
Be the first to read Paul Driessen's column. Sign up today and receive Townhall.com delivered each morning to your inbox.
Unbelievable: Students Back Deporting Americans in Exchange for Illegal Immigrants | Sarah Jean Seman