Oil price keep climbing, and sadly the administration keeps denying Americans access to our domestic energy resources.
Shell Oil Company has been trying to develop the estimated 27 billion barrels of oil in the Artic, but has been unsuccessful because Environmental Protection Agency retroactively withdrew the last permit Shell needed.
Given the nature of the Arctic, there is a small window of opportunity to work and it closed back in
February. Now that gas prices average
$3.88 a gallon, Americans are starting to wonder why the Obama Administration is actively shutting down domestic oil production.
Our response: it's all part of the plan.
The Obama Administration has been unusually candid about their desire to increase the cost of energy. In fact, President Obama argued that under his plan, energy prices would
necessarily skyrocket, but his cabinet members have been equally frank in the energy debate.
But don't take my word for it.
Energy Secretary Chu argued that, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." Not to be outdone, Secretary Salazar said he would
object to new oil drilling if the price of gasoline reached $10 a gallon.
It's time to end the war on affordable and reliable energy by giving American companies and workers the permits necessary to get back to work. Mr. President, let's power our economic recovery with American energy.
Institute for Energy Research——
Bio and Archives
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.
