Obama’s Oily Rope-a-Dope, Part 2

This week’s weekly address was about the high gas prices and energy in general. President Obama says . . .

The truth is there is no silver bullet that can bring down gasoline prices right away.

And in his mind, a perfectly acceptable excuse for doing absolutely nothing to exploit our own fossil fuel resources or building more refineries or nuclear power plants like he said he was going to do last year.

And that means building a new generation of safe, clean nuclear power plants in this country. (Applause.) It means making tough decisions about opening new offshore areas for oil and gas development. (Applause.) It means continued investment in advanced biofuels and clean coal technologies.

[I]n order to sustain economic growth, produce jobs, and keep our businesses competitive, we’re going to need to harness traditional sources of fuel even as we ramp up production of new sources of renewable, homegrown energy.

After four decades of doing nothing, we have forfeited the option of being an oil producer-seller and ensured our dependence on foreign countries as an oil purchaser. Something President Carter meant to fix when he created the Department of Energy. Look how well that turned out.

As usual, nothing that happens to us is Obama’s fault. The media will vouch for that. The answer from the empty suit is to investigate. Create a commission or ‘task force’ to investigate what someone else must be doing to us. He, and we, are always the victim. Taking responsibility is something that empty suits don’t do.

Let’s also consider the consequences that our huge debt and the Federal Reserve’s QE2 is having on the dollar. It is worth less, and heading south. That, all on its own, makes the cost of oil from overseas go up and is reflected at the pump.

The gougers and speculators bogeymen were investigated after Katrina. That proved nothing then and will be the same this time.

President Obama refuses to recognize that he has the power to lower gas and oil prices in four minutes if he were to say (and then actually do) that his new energy policy will include developing our own resources with the goal of making America the oil producer that it can be instead of being dependent on foreign sources for our energy survival.

But it’s cool for him to help Brazil’s oil industry. Just not our own.

In order to advance ‘alternative’ energy resources, it is his (and environmentalist’s) plan to choke this country and economy with his hands around the fossil and nuclear energy industries’ throat.  That he can’t advance both simultaneously like he said last year shows him for the empty-suit ideologue that he is.

Cutting subsidies is good as long as he also cuts the strings that were attached to them. But moving them elsewhere is not. As always, the free-market will make the investment when both science and economics dictate. The trouble is, a free-market economy to Obama is like a crucifix to a vampire.

The more distress he can cause to the economy and capitalism, the easier it becomes for him to ‘remake America’ into something that Europeans are now trying to get away from.

What's your two cents?