LIBERTY EXTRA: The Obama Energy Strangle-Hold on America

By Christopher G. Adamo

While the Obama Administration has worked tirelessly at minimizing the negative political fallout of its “green jobs” debacle (Solyndra being among the few that gained attention), the nation has yet to fully grasp just how devastating the Obama agenda has been to the overall condition of America’s energy resources and reserves. In a perverse sense, the ongoing economic downturn, persisting as it has for three years and with no end in sight, acts as something of a “safety valve” on the cost of gasoline and heating oil. The sole reason that the price at the pumps is not currently in the stratosphere is because the Obama economy has severely suppressed its use. Otherwise any rise in consumption would quickly exceed available supplies.

Thus, for those prices to remain low, the economic prognosis must remain grim. As soon as manufacturing activity heats up and traffic on the nation’s highways increases in response, the demand for fossil fuels will likewise increase, triggering an upswing in their cost. In a sane world, this rise would be shortly offset by an increased supply, thereby balancing out the situation. However, with Obama and his Democrat cohorts stifling every attempt at expanding production, and worse, placing entire regions such as the Gulf of Mexico off limits (at least to Americans), the lack of any new supply of crude oil to compensate for higher demand guarantees that even a tiny spark of resurgent economic life will immediately result in escalating fuel prices, which in turn chokes out the activity.

http://news.libertyextra.com/?v6CHWBkz57T7WTl3FjyNTX16dmqVrf1Lv