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U.S. News and Commentary



Wednesday
Mar212012

Obama in Oklahoma: ‘publicity stunt’ for energy policy

President Barack Obama is in Oklahoma where the energy industry is a vital part of the state’s economy.

Peter Schweizer's book 'Throw Them All Out' is a must-read. He discloses financial interests related to congressional votes. One politico, Rep. Nancy Pelosi, has reaped large profits from natural gas, a fossil fuel she has lobbied for. You can buy Schweizer's book in the TUSR 'Books and Sundries' section.KFOR TV (Oklahoma City) said Obama was “expected to mention his support” for the southern end of the Keystone XL Pipeline.

The Domestic Energy Producers Alliance sees that mention of support as pure politics. The group said the president is “anti-fossil fuels.”

Experts told KFOR they didn’t need Obama’s support for the southern end anyway.

Some may not realize not all pipelines need the president’s okay.

KFOR said:

 “The President's ‘green light’ is only needed for approximately 50 feet on the northern end of the pipeline; that segment would cross the Canadian border…So far the President has delayed that project.”

Another industry expert said Obama was simply using the visit as a “publicity stunt.”

High gas prices are a no-brainer when it comes to presidential politics—never a good thing as a major election approaches.

Although Obama has suggested increasing oil production won’t have an impact on gas prices, other Democrats have taken an opposite view.

Sen. Chuck Schumer (D-N.Y.) turned to Saudi Arabia to make up lost quotas if tension with Iran disrupts the oil supply.  Obama didn’t disagree publicly with Schumer on that approach.

NEWSOK said on Wednesday that a Saudi pledge to pump more helped drop the price of oil.

Democrats appear to want it both ways, claiming on the one hand that increased production has no impact on prices, but on the other, asking a foreign country to increase production to drop prices.

Conversely, Democrats have obstructed U.S. oil drilling, although some do support natural gas.

Key Democrats like Rep. Nancy Pelosi have made sizable investments in natural gas, according to Peter Schweizer’s book Throw Them All Out.

Schweizer also reported that 80 percent of the taxpayer-funded $20.5 billion in Department of Energy loans went to Obama’s top donors. Schweizer’s book is a must-read for voters because he discloses the financial ties and relationships to policy for many elected officials. Not all are Democrats, by the way.

Most Americans favor diversity in energy policy, using an all-of-the-above approach instead of the restrictive approach favored by Obama and the Democrats.

Electricity rates have also risen sharply—the president promised to help make that happen during his campaign in 2008, just as his energy secretary Steven Chu aimed at getting gasoline prices in the U.S. on par with Europeans who pay far more per gallon.

Media throughout Oklahoma said some were planning to protest Obama's visit.

(Analysis by Kay B. Day/March 21, 2012)

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