Posts tagged ‘Steven Chu’

March 22, 2012

Scapegoats, Lies and Photo Ops Will Not Bring Gas Prices Down

by lewwaters

“The recent spike in gasoline prices following that huge spike in 2007, 2008 is a reminder to Americans that the price of gasoline over the long haul should be expected to go up just because of supply and demand issues.”

The above quote was spoken by Steven Chu, Energy Secretary for the Obama Administration in a March 20, 2011 Fox News interview, clearly acknowledging that supply is a part of why our gas prices have climbed. At the time he spoke that, gas was costing on average about $3.54 per gallon.

One year later the average price of a gallon of gas is $3.88 with several areas of the country exceeding $4.00 per gallon and inching closer to $5 a gallon.

Acknowledging that supply has an effect of how much we pay at the pump, we saw Barack Obama down in Brazil in March 2011 telling 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.”

Months after being inaugurated, with unemployment already well above 9%, still indicating the importance of supply, Obama, speaking of the Saudi’s was quoted, “In those discussions I will be very honest with Saudi King Abdullah with whom I have developed a good relationship, indicating to him that we are not going to be eliminating our need for oil imports in the immediate future.”

Clearly, in spite of growing calls for more alternative energy sources, even though they have been shown to be inefficient, unreliable and overly expensive, Obama and those in power realize that oil remains our most efficient and economical source of energy available. Several past calls have been made for Middle Eastern countries to increase their oil production, increasing supply and bringing prices down.

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March 21, 2011

Obama Proposes Trading Batteries for Brazilian Oil Instead of Drilling Our Own

by lewwaters

The economy remains in a shamble, gas prices continue to rise, millions remain out of work and competing for scarce jobs and Obama flies off to Rio de Janeiro to somehow “help boost U.S. jobs” while starting a third war in the Middle East. Why should I be surprised to read of him also offering a cockamamie idea of trading batteries for Brazil’s oil, while also advocating t hat we need to end our reliance on foreign oil?

Nothing the man has done yet as president has made any sense, but this one even boggles my imagination. Speaking at a CEO Business Summit in Brasilia, Brazil March 19, 2011, on the day he launched the Libyan War, Obama said,

“In the United States, we’ve jumpstarted a clean energy industry and we’ll soon have the capacity to produce 40 percent of the world’s advanced batteries. If we can start sharing these new technologies, and leverage private investment from businesses like the ones in this room, we can grow our economies and clean our environment by making, using, trading, selling clean energy products all over the world.”

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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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