5 Biggest Whoppers In Obama's Energy Speech

Investors Business Daily Editorial

Energy: The White House billed President Obama’s energy policy speech as a response to mounting criticism of record high gas prices. What he delivered was a grab bag of excuses and outright falsehoods.

Obama’s main message to struggling motorists was: It’s not my fault, so stop whining. The speech only got worse from there, recycling excuses and myths that Obama’s peddled for years. But there were some standout whoppers that deserve debunking. The five biggest:

“We’re focused on production.”

Fact: While production is up under Obama, this has nothing to do with his policies, but is the result of permits and private industry efforts that began long before Obama occupied the White House.

Obama has chosen almost always to limit production. He canceled leases on federal lands in Utah, suspended them in Montana, delayed them in Colorado and Utah, and canceled lease sales off the Virginia coast.

His administration also has been slow-walking permits in the Gulf of Mexico, approving far fewer while stretching out review times, according to the Greater New Orleans Gulf Permit Index. The Energy Dept. says Gulf oil output will be down 17% by the end of 2013, compared with the start of 2011. Swift Energy President Bruce Vincent is right to say Obama has “done nothing but restrict access and delay permitting.”

“The U.S. consumes more than a fifth of the world’s oil. But we only have 2% of the world’s oil reserves.”

Fact: Obama constantly refers to this statistic to buttress his claim that “we can’t drill our way to lower gas prices.” The argument goes that since the U.S. supply is limited, it won’t ever make a difference to world prices.

Read the rest at Investors Business Daily.

  • Rob N. Hood

    Yes- it’s accurate. I realize that mabe be shock to you and even to your belief system. A genuinely open-minded and intelligent person would consider that and consider that he or she mae be wrong about something. if it is a big something I also realize it will be VERY difficult to digest, let alone accept. But I’m asking for anyone to take my word for anything. Look into it yourself- ojectively (key). Discover the truth for yourself, if you can.

  • Rob N. Hood

    not asking- typo (Freudian slip?!)

  • Joe

    And what is your ranting point?

  • Rob N. Hood

    Funny you should ask… Not funny ha ha. Funny, as in ironic.

  • Rob N. Hood

    Vote for Romney!- he’s got no plans! (at least that he’ll talk about you nosey-nanny!)

    “One of the things I have found in previous elections is that announcing my plans makes people want to vote against me!”

    This seems to be another case of Romney displaying his endearing but possibly counter-productive habit of being a little too open about how the political game is played.

  • Rob N. Hood

    Plans? He don’t need no stinkin’ plans!

  • Rob N. Hood

    Plans are for woosies…

  • Rob N. Hood

    Although I’d rather vote for a plan-less Ronmey than a Romney WITH plans…yikes!

  • Joe

    You repeat yourself. Stay on subject and answer direct questions.

  • Rob N. Hood

    I repeat repeat myself? Really really?

  • anonymous

    I’m just glad they just don’t list all 75 comments about the 2012 election (I didn’t read all of them so I was assuming based on the ones up top that they were all Romney jokes)

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