Archive for March 16th, 2011

March 16, 2011

Smoke & Mirrors Will Not Fuel America’s Economy

by lewwaters

The economy remains in a shamble, gasoline prices are leaping higher and higher heaping more expenses on the already struggling middle class, many seeking employment and continuing the lack of any leadership we have had since he took office, Barack Obama is headed off to Rio de Janeiro to “help boost U.S. jobs.”

The Middle East remains a hotbed of unrest. Japan is experiencing a nuclear meltdown after suffering a devastating earthquake and tsunami and the world that has come accustomed to looking to the United States of America for leadership during times of crisis, sees her president vacationing, playing golf and attending parties.

Americans too look towards Washington D.C. for leadership while unemployment remains unrealistically high, paychecks dwindling in the private sector while Public Unions rally for more shrinking tax dollars and gasoline leaps closer to $4.00 a gallon and likely beyond.

Addressing taxpayers’ worries, Obama said he was thinking about releasing some oil from the Strategic Preserve as our imported oil exceeds $100 a barrel. But what about our own oil languishing in the ground all over America and off of our shores?

Our oil remains were it is, locked away while oil companies are prohibited from accessing and recovering our own massive resources. In answer to that, current Senate Leader, Harry Reid (D. NV) and Interior Secretary Ken Salazar like to point out that oil companies already have several leases they will not use for drilling. Harry Reid, in what is being labeled a “use it or lose it” policy claims,

“Oil and gas companies are currently sitting on approximately 60 million acres of oil and gas leases that are going unused,” Reid’s office said in a statement. “At the same time they are holding back on domestic production, these same oil companies are reaping record profits from high gas prices. And Republicans are protecting this shell game, at a high cost to consumers.”

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