by Carlos Calwianka
Obama finally produced his “long form birth certificate,” and Ann Coulter crowed she was right all along about the birth certificate, but she really proved herself a crack shot when she said the birther controversy distracts from what a terrible presidency the Obama administration is. Quite well said, but did his parents have the qualifications to confer on Barack Obama Jr. undivided loyalty to his nation of birth? You know a tree by its fruit, and you know the loyalty of a president to his nation by his leadership.
Nowhere is this more evident than in current White House energy policy. Recently, the president recounted speaking to OPEC about opening its oil spigots: “We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it’s not going to be good for them if our economy is hobbled because of high oil prices.”
This is all pretty strange when you consider what Obama’s prime offshore oil drilling official, Michael Bromwich — who heads the Bureau of Ocean Energy Management, Regulation and Enforcement — stated last week: “You can’t drill your way to lower oil prices. It’s a world market. We have a very limited impact on that.”
Does Obama understand supply and demand? The past year has seen the administration virtually halt nearly all offshore oil drilling permitting, costing the U.S. approximately 400,000 barrels of oil production per day.
The average price of crude (Dated Brent, West Texas Intermediate, and the Dubai Fateh) over the October 2010-March 2011 time period of $92/barrel means that this restriction has cost the U.S. economy more than $36 million a day. The impact on our trade deficit during that six month time frame surpasses $6 billion, much of which could have been in the hands of American firms and their workers.
But I would that restrictive oil drilling permits were the worst of our woes with Obama. He seems to be unwilling to do anything about the fact that America has the biggest coal reserves in the world, approximately with 491 billion short tons or nearly 27 percent of the world’s total. Apparently Obama is worried about how using this readily available source of energy would affect doubt our carbon footprint.
Moreover, the Germans knew 70 years ago that coal can be liquefied to produce fuel for Panzers. The U.S. Air Force is now retrofitting its planes to fly with coal-derived fuel. (Someone in the USAF deserves a medal!) Autos and trucks can function equally well on this massive source of energy. Why can’t Obama capitalize on technology, geography and Economics 101 for the rest of the nation’s benefit?
The U.S. is an energy producing powerhouse that should never have to import one drop of oil from anyone. Human-caused global warming is by no means scientifically proven, so why let it drive policy?
Most importantly, our spectacular hydrocarbon sector energy resources can help rebuild a middle class and an industrial base that are in free fall along with the rest of our economy. Unfortunately, we know where Obama’s sentiments lie.