Obama's energy pipe dreams

Winningreen Issue Alert       A062210

Is Obama smoking something in that pipe dream?

By Gretchen Randall

June 22, 201

Issue:  Pipe dreams are what author Robert Samuelson calls Obama’s hope of soon weaning the country off fossil fuels and into “green” energy such as wind and solar.  In the Washington Post, Samuelson points our that 85% of America’s energy comes from coal, oil and natural gas and will for a very long time to come.  He says, “Unless we shut down the economy, we need fossil fuels”  and points out that more efficient appliances, autos and light bulbs won’t offset the increase in energy consumption needed for an increasing population to keep our economy running smoothly in the years ahead.

The U.S. Energy Information Administration (EIA) notes that even if solar, biomass, hydroelectric and wind power grow 10 times faster than other types of energy, they will only supply 11 percent of our needs by 2030.  In addition, converting soybeans into jet fuel is doable, but using all the soybean production in the U.S. for jet fuel would still only amount to about 20% of all the jet fuel needed according to Samuelson.

Obama likes to point to China as an example of a country of investing in alternative energy but China actually uses fossil fuels for 87% of its energy needs  — 70% of its energy comes from coal.  So, the second largest energy consumer after the U.S. is still heavily reliant on fossil fuels and will be until at least 2035 according to the EIA. 

Comment: Instead of a moratorium on new deep water drilling, the president should allow new exploration on all federal lands including ANWR and the inter-mountain states rich in oil shale.  After all, it’s because of environmentalists that oil companies are forced to explore in deeper and deeper waters offshore.

Comment:  Of course, it’s not about safe energy exploration for the Obama administration, it’s about destroying/transforming America as we know it – as he said during his campaign.

Link: Read “Obama’s energy pipe dreams”  at:  http://www.washingtonpost.com/wp-dyn/content/article/2010/06/20/AR2010062002368_pf.html

Contact: Gretchen Randall
Winningreen LLC
Chicago, IL
Phone: 773-857-5086
e-mail: grandall@winningreen.com