In the past whenever gas prices began to climb, whoever was president usually got the blame for it, but there never was anything he could do about it. The price at the pump was and is dependent on global factors. What can, however, be said about Barack Obama is that he has led the most anti-energy administration in the history of the nation.A nation’s economic stability and growth depends on affordable, abundant energy, especially hydrocarbon energy in the form of coal, oil, and natural gas. In the U.S. so-called “renewable” energy—wind and solar–has been a huge, costly bust as billions in loans during Obama’s first term were lost as one “green energy” company after another went belly up. At the same time, a war on coal closed mines and shut down plants using it to generate electricity. Look for it to continue.
Production of coal, oil, and natural gas on federal lands is now the lowest in ten years according to data collected by the Energy Information Agency (EIA). It was four percent lower in fiscal years 2012 than the previous year. By contrast, fossil fuel production on state and privately owned lands rose twenty-six percent over the past decade.
Without soliciting public comment, the White House recently raised its estimate of the “social cost of carbon” (SCC), an estimate of the alleged economic damages associated with increasing carbon emissions. Carbon dioxide (CO2) is blamed for a global warming that is not happening. The growth of all vegetation on Earth is dependent on Co2 and, despite an increase in CO2, the Earth slipped into a cooling cycle seventeen years ago. There is NO connection between CO2 and the climate.
The Institute for Energy Research points out that raising the SCC “could impose hundreds of billions of dollars in compliance costs on energy-intensive businesses and American consumers alike.” If you wonder why the economy seems unable to climb out of its slump, this is just one example of an administration bent to using bogus science to justify its war on consumers.
Read More: http://factsnotfantasy