Whatever the president’s reasoning, it’s faulty – and damagingly so. Priorities USA Action can produce all the misleading propaganda it wants, complete with horror-movie music overlays, but the fact remains the United States is energy-rich and doesn’t need to be throwing good money after bad. At current rates of consumption the United States has as much as 200 years’ worth of recoverable oil. But our natural resources will never reach their full potential as this administration continues its undue fascination with non-viable wind and solar technologies – at the expense of proven, reliable and affordable energy. In fact, sounder federal energy policy in general could create an additional 1.4 million jobs by 2030, according to analysis by consulting firm Wood Mackenzie.
There’s a reason Obama’s reelection team is expending so much effort to battle the new AEA ad. On energy, Obama’s losing. And everyone knows it.