Doesn't Obama already have an Energy Policy? Oh. Wait. That would require having a Plan and the dems have never had a Plan. I forgot.
Obama to Speak on Energy Policy
Rezident Barack Obama, under pressure to respond to rising gas prices, will outline Wednesday a series of initiatives to cut the nation's reliance on foreign oil, including new initiatives to expand oil production, increase the use of natural gas to power vehicles and increase production of ethanol.
Mr. Obama's latest attempt to take the initiative on energy policy comes as Republicans in Congress are stepping up criticism of the administration for not allowing more oil and gas drilling in the United States. On Tuesday, House Republicans said they would introduce legislation requiring the administration to sell more offshore leases and to issue drilling permits within a set time frame. Read more at wsj.com.
Administration (Again) Blames Oil Companies For Lack Of Drilling
Earlier this month, Capital Hill predicted that a forthcoming Interior Department study would “prove” a favorite talking point of President Obama and other Democrats: One reason why gas prices are high is because oil companies are refusing to drill on land leased from the federal government.
Well, the report is out and that is pretty much what it does.
The oil industry has never denied that a lot of the leases in question are not developed. The problem, they say, is that it takes a long, long time to get to the point of drilling. They have to find out where the oil is first, and that’s not easy. Even if they do pinpoint it, there may not be enough to make it worth the expense of pulling it out of the ground. Read more at investors.com.
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