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.
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.
The Keystone XL pipeline has come to symbolize the contrast in energy policy between this administration and the GOP Congress. The Obama administration continues to block this landmark jobs and energy project, putting thousands of jobs and greater American energy security on hold and at risk.
Administration officials have indicated President Obama is contemplating tapping the Strategic Petroleum Reserve. Such news has sparked an outcry among national security experts and editorial boards who are urging the president to refrain from such misuse of our nation's emergency oil reserves. They argue the SPR was created for emergencies only and should not be used as a political tool.
Last week President Obama's EPA proposed new greenhouse gas standards for power plants. It's the latest in a series of rigid rules that are reshaping our nation's energy policy under the guise of environmental regulation, driving up costs and destroying jobs.