by Javier Manjarres
With summer right around the corner and gas prices hovering at an average of $4 a gallon nationwide, the Obama administration is more interested in continuing its rhetorical games than it is with implementing a a national energy policy that fully encourages domestic exploration and drilling. Many commodities analysts are predicting a gallon of gas to eclipse the $5 a gallon mark, and yet President Obama and most Democrats continue to emphasize taxpayer-subsidized “renewables” that do not address our country’s near-term or long-term energy needs.
This intentional suffocation of our domestic drilling industry by President Obama is also exacerbated by his decision to subsidize Brazil’s Petrobras oil drilling operations at the tune of $2 billion US dollars for drilling off of Brazil’s coastline in the hope that we eventually become Brazil’s “best customer.”
Our lack of a coherent domestic energy policy and the political leverage that President Obama wields could enable him to appear to come to the proverbial political rescue once fuel prices reach an unbearable level for Americans- but given his track record, any “plan” will be likely heavy on deceptive rhetoric and light on a real expansion of land and leases for the domestic drilling industry.
Congressman David Rivera sits on the Natural Resource Committee, and he believes that President Obama is stifling energy production by not only his refusal to lift his de facto moratorium, but also impeding the exploration of our natural gas resources. Rivera sat down with me last week to discuss this self-imposed energy crisis and to give his take on the whether Congress should increase our national debt ceiling or not.
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