And the beat-down goes on

By Paul Driessen

Presidential candidate Barack Obama promised that his policies would cause electricity rates to “skyrocket” and “bankrupt” any company trying to build a coal-fired generating plant. This is one promise he and his über-regulators are keeping.

President Obama energetically promotes wind and solar projects that require millions of acres of land and billions of dollars in subsidies, to generate expensive, intermittent electricity and create jobs that cost taxpayers upwards of $220,000 apiece — most of them in China.
 
His Interior Department is locking up more coal and petroleum prospects, via “wild lands” and other designations, and dragging its feet on issuing leases and drilling permits. Meanwhile, his Environmental Protection Agency is challenging shale gas drilling and fracking, and imposing draconian carbon dioxide emission rules, now that Congress and voters have rejected cap-tax-and-trade. That’s for starters.

The beat-down of hydrocarbon energy goes on. Oil, gas and coal provide 85 percent of the energy that keeps America humming, but the administration is doing all it can to take it out of our mix. American voters, consumers and workers may want more drilling, mining and use of hydrocarbons, to get the economy going again. But the administration has a different agenda.
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