Tuesday, October 16, 2012

Winter is coming and $ 4 a gallon heating oil is a major economic issue

If you live in the Northeast US or anywhere north of Florida, the news for this winter is not good.  Heating Oil costs $4 Gallon and the price of natural gas is going up at least 20%.

So what is the response from those in charge of our country to this critical issue???

Well the President and the Congress are giving it a " What do you expect us to do??" response that means many people will be freezing in their own homes as filling the oil tank with 250 gallons of heating oil costs $ 1000, and that is not something that most people can spare right now.

Read what the WSJ had to say about what our President has done to make us more energy independent - Those clueless enough to vote for the President might want to rethink their vote.

President Obama is campaigning as a champion of the oil and gas boom he’s had nothing to do with, and even as his regulators try to stifle it. The latest example is the Interior Department’s little-noticed August decision to close off from drilling nearly half of the 23.5 million acre National Petroleum Reserve in Alaska.
The area is called the National Petroleum Reserve because in 1976 Congress designated it as a strategic oil and natural gas stockpile to meet the “energy needs of the nation.” Alaska favors exploration in nearly the entire reserve. The feds had been reviewing four potential development plans, and the state of Alaska had strongly objected to the most restrictive of the four. Sure enough, that was the plan Interior chose.
Interior Secretary Ken Salazar says his plan “will help the industry bring energy safely to market from this remote location, while also protecting wildlife and subsistence rights of Alaska Natives.” He added that the proposal will expand “safe and responsible oil and gas development, and builds on our efforts to help companies develop the infrastructure that’s needed to bring supplies online.”
The problem is almost no one in the energy industry and few in Alaska agree with him. In an August 22 letter to Mr. Salazar, the entire Alaska delegation in Congress—Senators Mark Begich and Lisa Murkowski and Representative Don Young—call it “the largest wholesale land withdrawal and blocking of access to an energy resource by the federal government in decades.” This decision, they add, “will cause serious harm to the economy and energy security of the United States, as well as to the state of Alaska.” Mr. Begich is a Democrat.
The letter also says the ruling “will significantly limit options for a pipeline” through the reserve.

So we have anabundent supply but the FEDS have decided they would rather import oil from overseas.  In the meantime, people will freeze in their homes while the pols dither.  We deserve better.

No comments: