New information released this month provides us with a glimpse of what the future of electricity in America will look like as a result of President Obama’s regulatory reign: higher prices and threatened reliability.
President Obama continued to push an “all of the above” energy strategy in his speech yesterday, voicing his support for oil, natural gas, coal, and nuclear. But rather than actually promoting policies which embrace our country’s vast energy resources, the president continues to do just the opposite by layering more and more red tape on American energy production.
Earlier this year, President Obama began traveling around the country to road-test the slogan “we can’t wait.” He used the phrase to justify a whole host of policies on which he wanted to bypass Congress, claiming the need to move quickly because, "we can't wait." But his message fell flat after he stalled and eventually rejected the Keystone XL pipeline.
Energy and Commerce leaders today called attention to two glaring omissions in President Obama’s so-called “all of the above” energy plan. A new infographic features his vision for an energy future that excludes coal and hydropower.
Rather than embrace greater North American energy production to combat skyrocketing gas prices, like clockwork, Democrats are dusting off their tired attacks on the specter of speculators. In a rose garden speech yesterday, President Obama blamed Wall Street speculators for high gas prices and asked Congress to strengthen oversight of oil markets and increase penalties for market manipulation.