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Eating America's Seed Corn

Bytheocean Wrote: Aug 23, 2012 4:42 PM
Obama's plant to redistribute $700 billion from medicare to his pet projects is to redistribute the money from old people to future Democrats.

As gas prices climb back toward $4 a gallon, the Obama administration -- facing a tough re-election campaign and rising Middle East tensions -- is once again considering tapping the Strategic Petroleum Reserve. For years, administrations have bought and stored oil for emergencies, in fear of a cutoff of imported oil, as happened during the Arab embargo of 1973-74.

But since 2009, the U.S. government has declared most federal lands off-limits to new oil and gas exploration -- despite vast recent finds of energy and radically new means to tap it. President Obama also canceled the most vital sections of the...