More on those oil leases
From
The Heartland Institute:
Study: Feds Approving Fewer Oil and Gas Leases
The number of oil and gas leases granted by the federal government in the western United States declined by 44 during the first two years of the Obama administration versus the last two years of the Bush presidency, according to a new study prepared for the American Petroleum Institute (API) by EIS Solutions.
The study also raises questions about the accuracy of federal Bureau of Land Management (BLM) claims the federal government increased the granting of oil and gas leases on public lands in 2011. According to the study, more than 58 percent of the leases cited by the BLM were not new at all, but rather leases sold in prior years and tied up in administrative or legal challenges.
Here is a link to the
51 page PDF report from the American Petroleum Institute
Don't forget that Dr. Steven Chu, Obama's Energy Secretary told reporters at the
Wall Street Journal:
Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.
"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Mr. Chu, who directs the Lawrence Berkeley National Laboratory in California, said in an interview with The Wall Street Journal in September.
Of course, that was then and
this is now:
Chu Backtracks on High Gas Prices
Energy Secretary Steven Chu on Tuesday retracted his now-infamous quote from 2008: �Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.�
�I no longer share that view,� Chu said in response to questioning from Sen. Mike Lee, R-Utah, at a Senate Energy and Natural Resources Committee hearing on another topic related to DOE�s loan-guarantee program.
But still, the damage is done. Business have had to raise their prices to accommodate increased fuel costs, business have suffered as people are not driving as much, people have suffered as more of their money goes into the tank for their job commute, etc. How can these masterminds ever repay us for their failed ideas.
Posted by DaveH at March 18, 2012 3:05 PM