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U.S. News and Commentary



Wednesday
Oct172012

Romney truthful on key to economy: Obama “Not Mr. Oil, Mr. Gas or Mr. Coal”

This brief video produced by a conservative PAC perfectly illustrates the danger of a president whose policies weaken an economy as well as national defense. [Video: American Crossroads]

WITH AMERICANS PAYING MORE for gas, household electricity, food, clothing and perishables that must be transported, you’d think energy would have been front and center of the second presidential debate on Tuesday.

The topic did come up, and despite the moderator Candy Crowley at times acting as de facto surrogate for President Barack Obama, Republican nominee Gov. Mitt Romney got in some facts that will hit home with most of us down here on Main Street.

Start with the fact that under President Obama, you are coming up short an additional $375 per month in income.

Obama attempted to dodge fallout from high gas prices, but unfortunately for the president, we know the truth every time we fill up our tanks. After all, we don’t get a taxpayer funded chauffeur.

Remember how media pounded President George W. Bush over high gas prices when they were lower than we pay now?

Romney called Obama out on his spin—Crowley was clueless about the president’s energy policy that has contracted resources, and just as Obama promised in 2008, sent electricity prices “skyrocketing.”

The Obama administration has unleashed the Environmental Protection Agency and leftwing environmental lobby groups, and the result has walloped our wallets.

Median income has dropped by $4,500 under President Obama. If that figure doesn’t impress you, break it down—that’s $375 a month. I live on Main Street. That $375 would make a car payment, put a dent in groceries, pay for a routine plumbing repair or HVAC repair or an unexpected car repair.

If you want the truth about energy, pick up a phone book and call anyone who works in that industry in the Gulf. One small family business owner told media Obama “shut down the Gulf in a single day.” It hasn’t come back yet.

Jim Hoft at Gateway Pundit explained Obama’s Al Gore approach:

80% of Green Energy loans went to Obama donors. The FOX News analyst says 70% in the video but actually 80% of DOE dollars went to Obama backers. 19 of these green energy companies went bust. And, it’s expensive. Solar power is 35¢ per kilowatt compared to coal, gas and oil that costs 5¢ per kilowatt.

Did you know small producers drill most of our oil and gas wells?

In 2011, The US Report published this statement by the CEO of the Independent Petroleum Association of America:

IPAA represents companies that drill 95 percent of US oil and natural gas wells. CEO Barry Russell said actions speak louder than words. In a formal statement, Russell said the Obama administration has put “new burdens” in place in a process “laden with opportunities to delay or deny access and production…”

Just like Romney claimed, production has been stifled.  Romney pointed out how Obama sent regulatory agencies after a company because some birds were killed on a site.

Crowley didn’t even know enough about windmills to ask Obama why it’s okay for windmills to chew up hawks and eagles but not for oil drilling companies. Then ask yourself why on top of slaughtering these magnificent birds in greater quantities than drilling, we will pay more for the energy produced.

Stu Varney told Fox News on Wednesday that, based on U.S. Government figures, Romney was right about his claims. Permitting on federal land declined to 5,300 under Obama, from 9,600 under Bush 43. Production on federal land fell as well.

Romney has an all-of-the-above approach on energy. The moment he is elected president, he will take steps to bring back all our energy resources and that will create good-paying jobs that don’t need half a billion dollar (defaulted) taxpayer loans to thrive.

At one point, Romney said of Obama:

[W]hat we don't need is to have the president keeping us from taking advantage of oil, coal and gas. This has not been Mr. Oil, or Mr. Gas, or Mr. Coal. Talk to the people that are working in those industries.

Obama’s energy policy alone has cost this country jobs, gouged taxpayers on behalf of Democrat cronies and increased the price of everything those of us down here on Main Street pay for.

As U.S. economic power declined, certain other countries profited. None of them have limits on government power comparable to those in the U.S. Constitution which Obama dismisses at every turn.

When Obama entered office he appointed Steven Chu as energy secretary. Chu told media he wanted U.S. gas prices to be similar to those of Europe, at the time approximately $9 a gallon. It looks like the Obama administration will get its wish on that if given a second term.

Who can afford to keep losing $375 a month? Only Obama.

(Commentary by Kay B. Day/Oct. 17, 2012)

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