Obama’s SOTU Oil Slick
The oil boom blindsided Barack Obama. In his 2012 re-election campaign, the president said the adage “Drill, baby, drill” would never bring about $2 gas. So when he described America’s oil boom, he couched the success of the free market in leftist terms. “We believed we could reduce our dependence on foreign oil and protect our planet,” Obama crowed during last night’s State of the Union Address. “And today, America is number one in oil and gas. America is number one in wind power. Every three weeks, we bring online as much solar power as we did in all of 2008. And thanks to lower gas prices and higher fuel standards, the typical family this year should save $750 at the pump.” Obama’s green energy has not propelled Americans down the roads, and it won’t unless the government massively manipulates the markets. Despite oil production on federal land being stifled 16%, the federal government snatching up tracts of land, and an Environmental Protection Agency hostile to conventional sources of energy, America’s oil production continues to grow in the private sector. In spite of Obama trying to orchestrate his “middle-class economy,” free enterprise brought a true benefit to the American people.
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