Obama’s energy-draining policies

…Delivering the standard leftist litany, Obama criticized Mobil, Exxon and “the arms merchants in our own country” and declared that the battles we need to fight are “the battles against ignorance and intolerance, corruption and greed, poverty and despair.”

Obama also told the crowd that we have to “fight to wean ourselves off Middle East oil.” He didn’t explain how increasing taxes on ExxonMobil would help in the weaning process, or how putting more restrictions on domestic oil drilling would make us less dependent on Middle East oil.


Today, 6 1/2 years after the Chicago speech, Obama’s budget proposal includes a tax increase on energy and a carbon tax by way of a cap-and-trade system that’s designed to reduce carbon dioxide emissions to combat “global warming” — even though global temperatures have been cooling for the last 10 years.

“No business will be allowed to emit any greenhouse gases for free,” explains Obama. “Businesses don’t own the sky.”

The Obama administration is projecting that $646 billion over 10 years under the cap-and-trade scheme will be transferred from the business sector to federal coffers. The end result of this huge extraction of capital from the private sector and the corresponding expansion of government will somehow be, according to Obama, an America that’s less reliant on “oil that’s controlled by foreign dictators.”

The Obama budget also calls for a multibillion-dollar excise tax to be imposed on oil and gas companies operating in the Gulf of Mexico, in addition to an increase in user fees for oil and gas companies operating on federal lands.

Someway these higher costs on oil and gas companies are supposed to decrease our dependence on foreign oil.

Pittsburgh Tribune-Review