Tag Archives: Energy Policy

Sarah Palin Rips President Obama’s “Naive Assault on American Energy”

By Gary P Jackson

Sarah Palin came out swinging this afternoon on Fox New’s The Five after Obama’s speech promising to deal with energy speculators. [Which only caused oil prices to spike even higher!]

In her usual no-nonsense manner, Sarah lays out what Obama is doing wrong, and what we must do right if our economy is ever going to recover.

This is a great back and forth between Sarah and the panel.

[Video courtesy SarahNet]

If you were on Twitter this morning, you’d have noticed a couple of tweets from Eric Bolling that left no doubt where he stands.

Obama and his energy policy is a failure. We must do something different. We simply cannot allow this to continue.

In case you missed it, here is the full Fox News special Paying at the Pump with Sarah and Eric, courtesy MediaMantle3

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Sarah Palin: Hell No I Wouldn’t Raise The Debt Ceiling!

By Gary P Jackson

On Friday afternoon, Sarah Palin appeared on Special Report with Bret Baier. A wide range of topics were discussed:

Barack Obama’s complete and total lack of understanding of how the energy markets work. The debt ceiling debate.  What she thinks of the current crop of Republican presidential hopefuls. [and her own plans]

Sarah is none to pleased that Obama has already launched into campaign mode instead of doing his job, and how he may have illegally raised money from foreign donors using a shadowy credit card scam, something the FEC is looking into now.

She also scolds the Republican establishment for trying to mess with the nomination process. She wants everyone to have a fair shot.

I’ve noticed a different Sarah Palin since her event in Madison. When she said “Game on!” she meant it! Of course, she always says what she means, and means what she says. That’s why she has such a large. loyal, and devoted following.

What I’ve noticed in her interviews, her Facebook notes, and even her tweets, is a very determined Sarah Palin. I’ve followed this lady since her early days as Governor of Alaska, and I’m seeing a Sarah Palin who is more forceful, more determined, and more focused when she speaks. She’s in total control of every interview. She definitely has her game face on. It’s no wonder her high school teammates gave her the nickname “Sarah Barracuda.” There is a certain steely-eyed look about her.

Though she says she’s still mulling a White House run, one can’t help but sense she’s got her mind made up. Sarah has repeatedly said there are simply far more important things to do right now, and presidential politics cause everyone to lose focus.

She’s also pointed out numerous times that while it’s way too early to start running, there is no one who excites her as a candidate, no one that she feels she could get behind, though she says it’s too early for all of this too.

This Sarah Palin means business, and doesn’t have time for any foolishness right now. This is a lady on a mission.

Video courtesy of our friends at SarahNet.

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The Truth: Gasoline Taxes vs “Evil” Exxon’s Profits, Plus Why Oil Prices Are So High

By Gary P Jackson

It’s that time. Gas prices are once again at record high levels. The usual suspects, and their media partners, are pointing fingers and blaming everyone but the right people for the situation.

Mark Perry at Daily Markets gives us a look at the facts:

The map above from API shows gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, averaging 48.1 cents per gallon across all states. How does that compare to oil company industry profits per gallon?

According to this post on Exxon Mobil’s Perspective Blog , “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.

The chart below shows the difference graphically:

Exxon also reports that in 2010 it “made less than 8 cents for every dollar of revenue from all of our businesses around the world.

Nice, huh?

As the data shows, state and federal per gallon sales taxes on gasoline are, on average, 20 times higher than the oil companies profit margin, per gallon. Understand, the government doesn’t have any risk involved. They aren’t risking billions to explore for the oil. They aren’t forced to shut down projects that are about to pay off, thus losing billions, on the whim of a tyranical government.

The government creates nothing. They just stand there with their hand out demanding 20 times oil company profits from each consumer, just because they can.

Oh, I know, the government is supposed to use gasoline taxes to build and maintain roads, and other infrastructure, but if that was true, why did the Obama regime need to pass a trillion dollar stimulus package to build and maintain roads? After all, while oil companies are raking the profits in, the government is raking in 20 times more, at least!

I can see it now: “But, Gary, the evil oil companies are making record profits. You’re just a shill for the man!” If only, I’m sure that pays very well!

The progressives, who hate fossil fuels anyway, always blame the oil companies when prices spike. They are an easy target because, in fact, they do make more money than just about any other business on the planet. They also have a product that everyone uses one way or the other. Stands to reason they’ll make big bucks, doesn’t it.

Of course, people seem to forget these same “evil” corporations also lose money, and they lose it by the billions.

Earlier this week we reported the Obama regime forced Shell to shut down a drilling operation in Alaska. Shell had $4 billion invested in that deal, and had yet to hit oil. That’s $4 billion they may as have well just flushed down the toilet!

Oil companies make big money, but they also have big risks. They spend their money billions at a time, and they don’t always win. High risk enterprises deserve to make good money for their risks. It’s how things work.

Something else to remember. That $4 billion Shell was screwed out of by the Obama regime wasn’t Shell’s money to lose. You see, when the radical left, the anti-capitalists, the environmental crazies, and all the rest start bashing “Big Oil” and those “evil” corporations in general, they seem to forget who actually owns these companies. The PEOPLE own these companies. People like you and I who have 401Ks, or mutual funds, or maybe just own stock in companies outright.

These aren’t “the rich” either. Most people in what we consider the middle class, and even some in what we consider lower class have a buck or two invested. So who gets hurt when the Obama regime, or anyone else does things like what was done to Shell? Everyone, that’s who.

But I digress.

So…., why are the companies making record money?

The easy thing to say would be “volume, volume, volume” but it’s more than that. People forget that gasoline, isn’t the only thing the world uses petroleum for. A significant portion of every barrel of oil produced is used to make other products such as plastics, fertilizers, nylon [and every other synthetic fabric], pharmaceuticals, and much more. Profit margins on raw materials vary, and it’s still a business based on volume, but there are more uses for petroleum than just gasoline and lubricants.

And before you start beating up on the gas station owners, they aren’t making big margins either. This I can speak to from first hand knowledge.

When I was a kid my dad owned services stations. Several locations and several brands over the years. This was back in the day when they really were service stations. The kind that checked your oil, checked your tires, wiped your windshield, all while pumping your gas for you.

In the later years, as my dad had to slow down due to health reasons, and I ran the business and kept the books. I can tell you, gasoline sales weren’t much of a factor to the bottom line. The money was made in service. Tire and battery sales, light mechanic work, and routine maintenance work paid the bills. The gasoline pump just helped you build a loyal clientel who would trust you to do all of their work.

Oh, and once the convenience stores started selling self service gasoline at break even prices, things were even worse for businesses like ours. They drove true service stations out of business. Now the convenience stores certainly make money on gasoline sales these days, but it’s all about volume sales, and the hope you’ll come inside and buy something, something usually marked up higher than you’d pay at the grocery store.

So why is the price of gasoline so high at the pump then?

There are real culprits, for sure, but they aren’t the evil oil companies, or even speculators. And while someone, somewhere, might be “price gouging” their effect is negligible, if these people even exist.

Of course, rather than go after the real culprits, Obama, like all liberals, will blame price gouging and speculators, as well as the oil companies, in order to take everyone’s focus off the real reasons why gasoline is pushing $5 a gallon at the pump.

The concept of supply and demand is as old as the existence of commodities themselves. Whether we are talking bartering how many goats or chickens for a bushel of wheat, or a bag of rice, or how many dollars for a barrel of oil, commodities have always been bought and sold, bartered and traded based on supply and demand. How much, or how little of a commodity is available, always determines it’s worth.

It’s pretty simple, but since neither Obama, nor most of the people surrounding him, have ever run a business as complicated as a lemonade stand, they are having a hard time with this centuries old concept.

It stands to reason with the Obama regime’s moratorium on drilling, insanity all over the Middle East, and developing nations like China and India devouring record amounts of oil [for them] that the demand is taxing the supply.

We know that the United States more fossil fuel reserves than any other nation on the planet, and could become totally energy independent quite easily, but that would be too much like right, wouldn’t it?

The other problem making gasoline prices skyrocket is the Fed’s insane QE2 program. The Obama regime is allowing the Fed to monetize the debt, just print money, with nothing in reserve to back it up. This is something Sarah Palin warned us about last year, and unfortunately everything she warned us about has come to pass.

Thanks to the Fed’s policy of quantitative easing, which is endorsed by Obama, everything costs more, including gasoline, simply because the value of the dollar is less than it was before the Fed went down this dangerous path.

Then there is our energy policy, or lack there of. We haven’t had a coherent energy policy in my lifetime. I’m not talking about some insane environmental policy based on faulty, and often made up “science,” I’m talking about a serious policy for energy exploration in order to secure not only the economy, but the nation as a whole. All economies run on energy. No energy, or overly expensive energy, and economies collapse. This isn’t rocket science.

Who’s to bear most of the blame for that pain you feel at the pump? As is usually the case, the government. Republicans and democrats alike have caused this. No one has the guts to tell the radical leftists to just sit down and shut up, and no one has the courage to take on lobbyists and other corrupt elements of the industry.

Look, we haven’t built a new refinery since the 1970s, and now it looks like we are not going to build new nuclear plants anytime soon. Oh, and forget coal, even though it’s by far our most abundant source of energy. Cheap energy.

The “green” activists have held the nation hostage for decades. They are constantly scheming for new and creative ways to destroy “evil” energy production. These Luddites, pagans who worship Mother Gaia over all else, are allowed by the left to use any method to destroy the nation’s ability to produce our own energy.

For example, when Sarah Palin was Governor, the Bush administration, under pressure from radicals, was about to put the polar bear on the endangered species list. Never mind there was no science to back this move up. In fact, there is a bit of a population explosion going on among these bears, and their numbers a steadily increasing. The species is very healthy.

Governor Palin successfully sued the Bush administration on behalf of the state of Alaska. Had the radicals prevailed, it would have all but stopped all oil and natural gas exploration in Alaska forever. Would have pretty much destroyed the state and it’s citizens.

Right now the radicals are trying to shut down the entire economy of West Texas over some sand lizard. It’s insane.

I have a serious question for any liberals who might be reading this.

Thanks to liberals, it’s almost impossible to teach children about God, or even mention his name in school, without having the ACLU, the Justice Department, and liberals in general losing their minds. HOWEVER, Darwin’s completely unproven theory of evolution is taught as fact, pretty much shoved down every school kid’s throat.

One of the major tenets of Darwinism is “Survival of the Fittest.” In other words, species that can’t hack it, don’t deserve to survive and we shouldn’t lose any sleep over it. Species were coming and going millions of years before man ever walked the earth, and we are regularly discovering hundreds of new species we never knew existed.

If Darwin is the end all be all, then who are WE to interfere? If something ceases to exist, then something will take it’s place. It’s just that simple.

As liberals worship all things Darwin, why then, do they interfere with what is his major teaching, that species evolve and the weak die off? It amazes me the amount of sleep these radicals lose over this stuff, when their “religion” teaches them that these things happen.

Maybe it’s not the animals’ health they care about at all, but the animals’ ability to serve as a useful tool to help them advance their radical agenda for the world.

Oh, and it’s not just energy these environmental loons have destroyed. These menaces to society, in their zeal to destroy anything even remotely productive, turned the entire Central Valley of California, some of the most fertile farm land in the world, into desert, millions of acres of desert, over a three inch bait fish, that is not even native to the area!

Billions of dollars have been lost, unemployment in the area is above 40 percent, and families who have owned farms for generations are either losing them, or about to. And the state and the federal government has the environmentalists’ back. They support the eco-terrorists 100 percent.

All of these things effect the price of gasoline, the lifeblood of our society.

How do we fix it? Clean house in Washington, and in the state capitols! Elect leaders who value common sense over radical ideology. Elect leaders who understand basic economics. Elect leaders who want to see America and her people prosper. Elect leaders who understand what “Dill baby, drill” really means.

We are not going to change this over night, but energy security, in an increasingly unstable and unpredictable world, equals national security. It also means economic security for the entire nation. There is no reasonable excuse for an America that isn’t 100 percent energy independent. None whatsoever.

I hate litmus tests for candidates, but if someone isn’t 100 percent on board with doing whatever it takes to make the United States energy independent and do it now, then they are not worth looking at. Especially presidential candidates.

You want our energy problem fixed, you gotta fix government. In the immortal words of Ronald Reagan:

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Confident Sarah Palin Continues To Pound Barack Obama “On The Record”

By Gary P Jackson

On the heels of her beat down via Facebook, on Tuesday morning, Sarah Palin went On The Record with Greta Van Susteren on Tuesday night, where she continued to whip Obama like a rented mule.

Right out of the gate Greta highlighted one of Sarah’s comments from the earlier Facebook post:

It’s unbelievable to me that you spent last week in campaign mode, gallivanting around the country to start raising the billion dollars for your reelection bid that is still 19 months away “while Rome burns.” Our economy is in the tank; jobs are as scarce as ever; you’re asking Congress to let you incur even more unsustainable, immoral, freedom-stealing government debt; and many of our brave men and women in uniform are shaking their heads in disbelief over your befuddled military directions.

Yet instead of working with Congress and a wise multitude of advisers to fix some problems, you choose all this campaigning, already? As was recently asked: When do you ever just “roll up your sleeves, unplug the teleprompter” and do the job of governing and administrating for which voters hired you?

After hammering Obama for being in campaign mode, and trying to raise $1 billion for an election that is [gulp] 19 months away, instead of focusing on the nation’s challenges, she starts in on high gasoline prices, Libya [and Obama’s incoherent foreign policy in general] and more.

Sarah reminds us we can’t afford to have the nation’s Commander-in-Chief, our CEO, in campaign mode while “Rome burns“!

Sarah goes on to say it’s almost like Obama can’t be bothered by all of these issues of the day because he’s too busy either running for re-election, playing golf, or going on holiday!

She goes on to say, if that’s the case, the best thing is for government to just get out of the way! Stop with the insane regulations, quantitative easing [printing money, monetizing the debt], coming up with more “stimulus plans” and other nonsense, and just let private businesses and the free market do it’s thing!

Sarah bluntly states nothing is going to change until Obama is out of office.

This is a wonderful interview. Sarah Palin is proving she is a confident stateswoman, and very much at ease talking about issues and policy. This folks, is what a leader looks and sounds like. I know it’s been a while since most have seen or heard one, which is why I point this out.

There is also a twinkle in Sarah’s eyes. She’s a warrior, but a happy one. She reminds me so much of the great Ronald Reagan. He was one tough hombre, but he was always happy and optimistic as well.

Sarah comes off the exact same way. Both in this interview, as well as her Facebook smack-down. She’s tough, but not mean, and uses a fair bit of sarcasm and wit to go along with the beating she’s giving Obama.

The entire interview is powerful, insightful, and even a bit of fun.

At one point she off-handedly mentions Bill Ayers and the fact that he “allegedly” wrote Obama’s first book. She did this as she was taking a shot at Trump and others who were wasting time on nonsensical issues, while REAL issues were being ignored.

She points out the media is loving these distractions, as is the Obama regime.

As we have noted before, the “birther” issue helps Obama more than it hurts him.  What she’s saying is: Now that Trump has everyone’s attention, he needs to be talking about substantive issues, something he is not doing.

This all gets back to what she told Sean Hannity last week, when she said it was way too early for her, or anyone else to be running for President. Too many more important issues to be focused on, rather than wasting time gearing up for 2012 and an election that is still almost 2 years away.

Leadership vs politics.

Sarah also gets a nice little shot in at Katie Couric at the end of the interview. Dee-licious!

Enjoy.

Video Courtesy of SarahNet

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Sarah Palin: Obama’s War On Domestic Oil & Gas Has Caused Pain At The Pump, Endangered Chances Of Economic Recovery, & Threatened National Security

By Gary P Jackson

Tuesday evening Sarah Palin released this blistering statement concerning the sorry state of affairs the Obama regime has put the country in.

The $4-Per-Gallon President

Is it really any surprise that oil and gas prices are surging toward the record highs we saw in 2008 just prior to the economic collapse? Despite the President’s strange assertions in his press conference last week, his Administration is not a passive observer to the trends that have inflated oil prices to dangerous levels. His war on domestic oil and gas exploration and production has caused us pain at the pump, endangered our already sluggish economic recovery, and threatened our national security.

The evidence of the President’s anti-drilling mentality and his culpability in the high gas prices hurting Americans is there for all to see. The following is not even an exhaustive list:

Exhibit A: His drilling moratorium. Guided by politics and pure emotion following the Gulf spill instead of peer-reviewed science or defensible law, the President used the power of his executive order to impose a deepwater drilling moratorium. The Administration even ignored a court order halting his moratorium. And what is the net result of the President’s (in)actions? A large drilling company was forced to declare bankruptcy, the economy of the region has been hobbled, and at least 7 rigs moved out of the Gulf area to other parts of the world while many others remain idle. Is it any surprise that oil production in the Gulf of Mexico is expected to fall by 240,000 bbl/d in 2011 alone?

But that’s just the Gulf. There’s also the question of a moratorium on the development of Alaska’s Outer Continental Shelf. It seems the Obama Administration can’t agree with itself on whether it imposed a moratorium there or not. The White House claims that they didn’t, but their own Department of the Interior let slip that they did. To clear up this mess, Gov. Parnell decided to sue the DOI to get a solid answer because such a federal OCS drilling moratorium would violate federal law.

Exhibit B: His 2012 budget. The President used his 2012 budget to propose the elimination of several vital oil and natural gas production tax incentives. Eliminating these incentives will discourage energy companies from completing exploratory projects, resulting in higher energy costs for all Americans – and not just at the pump. According to one study mentioned in a recent Wall Street Journal op-ed, eliminating the deduction for drilling costs “could increase natural gas prices by 50 cents per thousand cubic feet,” which would translate to “an increased cost to consumers of $11.5 billion per year in the form of higher natural gas prices.”

Exhibit C: His anti-drilling regulatory policies. The U.S. Geological Survey found that the area north of the Arctic Circle has an estimated 90 billion barrels of technically recoverable oil and 1,670 trillion cubic feet of technically recoverable natural gas, one third of which is in Alaskan territory. That’s our next Prudhoe Bay right there. According to one industry study, allowing Royal Dutch Shell to tap these reserves in Alaska’s Chukchi and Beaufort seas would create an annual average of 54,700 jobs nationwide with a $145 billion total payroll and generate an additional $193 billion a year in total revenues to local, state, and federal governments for 50 years. This would be great news if only the federal government would allow Shell to drill there. But it won’t. It’s been five years since Shell purchased the lease to develop these fields, but it’s been mired in a regulatory funk courtesy of the Obama Administration.

After investing $3.5 billion in exploration programs (a significant portion of which went to ensuring responsible spill response and prevention), Shell announced last month that it has given up hope of obtaining the required permits to conduct exploratory drilling this year. That means no jobs and no billions in oil revenue from the Arctic anytime soon thanks to this Administration. Let’s stop and think about this for a moment.

Right now Beltway politicos are quibbling over cutting $61 billion from our dangerously bloated $3.7 trillion budget. Allowing drilling in the Chukchi and Beaufort seas will enrich federal coffers by $167 billion a year without raising our taxes. If we let Harry Reid keep his “cowboy poetry,” would the White House consider letting us drill?

Taken altogether, it’s hard to deny that the Obama Administration is anti-drilling. The President may try to suggest that the rise in oil prices has nothing to do with him, but the American people won’t be fooled. Before we saw any protests in the Middle East, increased global demand led to a significant rise in oil prices; but the White House stood idly by watching the prices go up and allowing America to remain increasingly dependent on imports from foreign regimes in dangerously unstable parts of the world.

This was no accident. Through a process of what candidate Obama once called “gradual adjustment,” American consumers have seen prices at the pump rise 67 percent since he took office. Let’s not forget that in September 2008, candidate Obama’s Energy Secretary in-waiting said: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” That’s one campaign promise they’re working hard to fulfill!

Last week, the British Telegraph reported that the price of petrol in the UK hit £6 a gallon – which comes to about $9.70. If you think $4 a gallon is bad now, just wait till the next crisis causes oil prices to “necessarily” skyrocket.

Meanwhile, the vast undeveloped reserves that could help to keep prices at the pump affordable remain locked up because of President Obama’s deliberate unwillingness to drill here and drill now.

Hitting the American people with higher gas prices like this is essentially a hidden tax and a transfer of wealth to foreign regimes who are providing us the energy we refuse to provide for ourselves. Like inflation, higher energy prices are a hidden tax on Americans who are struggling to make ends meet. And these high gas prices will be felt in the form of higher food prices due to higher transportation costs. Energy is connected to everything in our economy.

Access to affordable and secure energy is key to economic growth, which in turn is key to job growth. Energy is the building block of our economy. The President is purposely weakening that building block and weakening our country.

2012 can’t come soon enough.

~ Sarah Palin

For additional information you should check out Whitney Pitcher’s in-depth article:

Governor Palin Says President Obama Is “Scary Wrong” on Oil

To see how Sarah’s energy and tax policies worked in Alaska, check this out, also from Whitney:

Governor Palin, the Success of ACES, and the Defeat of Corruption–Part 1

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