30 December 2010
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Rising gas prices are the elephant in the room that no one is talking about. With 87 octane gasoline now around $3 a gallon throughout the country, we can expect to start seeing increased prices for the delivery of goods and services, as UPS, FedEx, railroads and even airplanes feel the fuel cost pinch.
Unfortunately these skyrocketing prices are only the tip of the iceberg as Obama engages in an unprecedented war on American-produced energy.
For those who don’t believe that Obama is engaged in an undeclared war on domestic energy production, look at his actions in the offshore oil area. While his administration has thrown their bodies in front of the safe development of offshore oil resources in America, Obama is sending U.S. taxpayer money to Brazil to help fund the development of a massive oil field off the Brazilian coastline.
The one-world crowd who insist that the U.S. destroy our economic base on the altar of global warming because our CO2 emissions harm the rest of the world now are funding the offshore drilling of a major oil field in South America where environmental standards are much lower. Makes sense.
The really crazy part of the equation is that at the same time that U.S. taxpayers are anteing up to pay for offshore oil development in Brazil, China is investing heavily in the Brazilian power grid. In essence, U.S. taxpayers are paying to get the oil out of the ground, and Chinese investors will be benefiting by selling the power generated by that raw material.
Back here in the U.S., the entire domestic energy production industry is under assault, as the administration prefers amber waves of windmills across the fruited plain over proven, reliable sources of energy.
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