Obama's Oil Problem

When it comes to oil (particularly domestic drilling), President Obama's energy approach is anything BUT "all of the above." Charles Krauthammer explains at The Washington Post:

Obama boasts that, on his watch, production is up and imports down. True, but truly deceptive. These increases have occurred in spite of his restrictive policies. They are the result of Clinton- and Bush-era permitting. This has been accompanied by a gold rush of natural gas production resulting from new fracking technology that has nothing at all to do with Obama.

Obama says of drilling: “That’s not a plan.” Of course it’s a plan. We import nearly half of our oil, thereby exporting enormous amounts of U.S. wealth. Almost 60 percent of our trade deficit — $332 billion out of $560 billion — is shipped overseas to buy crude.

Drill here and you stanch the hemorrhage. You keep those dollars within the U.S. economy, repatriating not just wealth but jobs and denying them to foreign unfriendlies. Drilling is the single most important thing we can do to spur growth at home while strengthening our hand abroad.

High gasoline prices are a major political problem for Obama. They are not just a pain at the pump, however. They are a constant reminder of three years of a rigid, fatuous, fantasy-driven energy policy that has rendered us scandalously dependent and excessively vulnerable.

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@CivicForumPAC retweeted @PoliticalQB 2012-03-16 10:46:24 -0400
Obama's Oil Problem - http://t.co/pbvURIqb #TCOT
published this page in In The News 2012-03-16 10:32:00 -0400
Analysis & Political Strategy