The Insanity In America’s Current Enegy Policy

Investors.com posted an article yesterday entitled, “Drill, Brazil, Drill!”  The opening sentence:

“While leaving U.S. oil and jobs in the ground, our itinerant president tells a South American neighbor that we’ll help it develop its offshore resources so we can one day import its oil. WHAT?!?”

What you just read is true.  President Obama does not want to alienate the environmental extremists in this country who oppose the development of our own energy resources, but American environmentalists have no problem with Americans paying $10 a gallon for gasoline imported from Brazil.  At this point I would like to make clear that I do not oppose environmentalism–I just believe it has to be balanced with practicality. 

The article reports:

“We have noted this double standard before, particularly when — at a time when the president was railing against tax incentives for U.S. oil companies — we supported the U.S. Export-Import Bank’s plan to lend $2 billion to Brazil’s state-run Petrobras with the promise of more to follow.

“Now, with a seven-year offshore drilling ban in effect off of both coasts, on Alaska’s continental shelf and in much of the Gulf of Mexico — and a de facto moratorium covering the rest — Obama tells the Brazilians:

“”We want to help you with the technology and support to develop these oil reserves safely. And when you’re ready to start selling, we want to be one of your best customers.””

The article details some of President Obama’s efforts at blocking America’s access to energy:

“Yet in his alleged quest for “secure-energy supplies,” he refuses to develop oil and natural gas resources in U.S. waters. His administration has locked up areas in the West where oil shale reserves are estimated to be triple Saudi Arabia’s reserves of crude. His administration is even stalling on plans to build a pipeline to deliver oil from Canada’s tar sands to the U.S. market.

“That project would build a 1,661-mile pipeline from the tar sands of Alberta to U.S. refineries near Houston. It would create 13,000 “shovel-ready” jobs and provide 500,000 more barrels of oil per day from an ally.”

America has the resources to end its recession.  What we need is an administration in Washington that will let us use those resources.