There's an Update on Security for Biden's Gaza Port and a New 'Peacekeeping...
Biden Blows Off Respects for Murdered New York City Police Officer
New York City Councilwoman Gets Ratioed Into Oblivion Over One Question
Federal Court Makes Major Ruling on Ballot Verification in Pennsylvania
Sam Bankman-Fried Sentenced in Massive Crypto Fraud Case
‘No Tampons, No Peace!’: Panic at Vanderbilt University Sit-In As Protestors Realize It...
Charlotte Radio Host Speaks Out About His Interview With KJP That Made Headlines
Trump, Biden Will Both Be in New York on Thursday...but for Very Different...
Who Will Replace Mike Gallagher? Poll Shows It's Pro-Trump Alex Bruesewitz’s 'Race to...
Flashback: Two Cycles After Running on Gore's Ticket, Lieberman Endorses McCain at GOP...
Here's When Impeachment Articles Against Mayorkas Will Be Presented to the Senate
Tennessee Music Venue to Host ‘Trans Day Of Vengeance’ Event One Year After...
There Was Very Little Pete Buttigieg Was Able to Tell Us About Bridge...
An Illegal Alien Encouraged Others to Invade American Homes. Here's What Happened Next.
Time for Another Bizarre, Easily-Disprovable Lie From Joe Biden
OPINION

Obama's Energy Policy Driven by Ideology, not Reason

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement

Recent news stories asserting that President Obama’s interest in pursuing cap-and-trade legislation is dwindling are premature. These media accounts make too much of rumors that Obama is backing away from auctioning 100 percent of carbon emissions credits and the Administration’s only tepid support of proposed global warming legislation authored by Representatives Henry Waxman (D-CA) and Ed Markey (D-MA).

Advertisement

In reality, sketchy plans and letting Congress take the lead is classic Obama.

Recall that House Speaker Nancy Pelosi (D-CA) wrote the stimulus bill and Treasury Secretary Tim Geithner’s initial bank bailout plan was panned for lacking details.

What Obama lacks in leadership, substance and management skills, he more than makes up for with rhetoric and ideological zeal. Time and again Obama shows he will use his power to drive the left-wing agenda without regard to economic consequences or loss of liberty. Moreover, with the liberal holy grail of penalizing fossil fuel use in his grasp, it’s doubtful Obama will shy away.

Obama’s dealings with General Motors provide ample evidence that his strident left-wing beliefs supersede sound economic judgment. With GM, Obama is leveraging bailout money to shape the automobile industry according to the designs of the environmental lobby.

Soon after Obama fired GM CEO Rick Wagner, the Administration announced it was overriding the recommendation of the president’s own auto task force by deciding to move forward with the Chevy Volt – the company’s electric car.

But it’s no secret that the Volt is going to be a financial loser.

In its March 30 report on the viability of GM, the auto task force said “…while the Chevy Volt holds promise, it will likely be too expensive to be commercially successful in the short-term.”

Advertisement

GM’s new CEO Fritz Henderson acknowledges that vehicles based on first generation technology such as the Volt will not be profitable. In an interview with Automotive News, Henderson commented on the Volt saying, “…the cost is high. And that means, it doesn't necessarily pay the rent. It actually consumes rent when it's launched."

The political agenda behind the decision to sell the Volt was highlighted by an analyst at the Center for Automotive Research, who said, “But the Obama administration has put such a high priority on the electrification of the vehicle that it would be a very difficult policy decision to drop the Volt.”

With politics driving decisions, it was not surprising to see Obama use $285 million of the $787 billion stimulus package to order over 17,000 fuel-efficient vehicles from GM, Ford, and Chrysler, including 2,500 hybrids.

The White House, keeping to its global warming theme, hyped that the reduction of carbon dioxide emissions will “… prevent 26 million pounds of carbon dioxide from entering the atmosphere.”

Similarly, Obama is ignoring market reality in his quest to significantly increase use of renewable energy. Recent decisions by oil giants British Petroleum (BP) and Shell makes it clear that carbon-based fossil fuels are the most efficient way to power our economy.

Not long ago both companies sought to demonstrate their corporate social responsibility by touting their commitments to renewable energy. BP’s high profile “Beyond Petroleum” advertising campaign was designed to emphasize its pledge to alternative fuels.

Advertisement

Shell is now refusing to invest additional resources in wind and solar power and BP – going back to its petroleum roots – cut its investments in renewable energy.

In fact, these companies are now looking to meet future energy needs by investing in Canadian oil sands – a carbon-rich source of energy that emits more carbon dioxide than does conventional oil.

After dabbling in political correctness, energy companies recognize that wind and solar alternatives don’t make economic sense.

The reason for this was made by Energy Secretary Steven Chu, who wrote in a Newsweek commentary that “Strictly from a physicist's perspective, burning oil for fuel can be understood.” Translation: fossil fuels are an efficient energy source.

Physics and economics aside, energy companies are on a collision course with Obama’s political directive to “make the U.S. a leader on climate change” and “save our planet from the ravages of climate change…”

Enter global warming legislation.

As John Deutch, former director of the CIA and a professor at MIT said, “The important thing is for the government to establish a carbon policy. You can be absolutely confident that oil companies will pursue that, as will any other companies.”

The best way for Obama to achieve the liberal nirvana of electric cars, wind and solar energy is through the brute force of government intervention via cap-and-trade legislation. Alternatives only become cost effective when the cost of traditional energy sources are increased.

Advertisement

Obama reiterated his unyielding support of cap-and-trade in a recent speech on the economy, saying “But the only way to truly spark this transformation is through a gradual, market-based cap on carbon pollution, so that clean energy is the profitable kind of energy… If businesses and entrepreneurs know today that we are closing this carbon pollution loophole, they will start investing in clean energy now.”

If Obama is willing to mandate that GM – a company on the verge of bankruptcy – sell a financial loser for the cause, he will not abandon the opportunity to regulate carbon emissions regardless of the economic costs.

With Obama, it’s policy by ideology; not reason.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos