Tuesday, March 8, 2011
By Paul Martin

By Dr. Michael S. Coffman Ph. D.
March 8, 2011

Even as Mideast oil supplies are increasingly imperiled by civil unrest, President Obama is systematically blocking every effort to develop domestic supplies of oil. If the turmoil in the Mideast escalates, it could unnecessarily mean $5 or more a gallon gas and the collapse of the American economy.

Based on solely on his actions, it would seem President Obama hates America and most Americans. After all, a robust economy is dependent on a cheap supply of energy. Yet, the Obama administration has thrown roadblock after roadblock in the way of developing domestic coal, oil and natural gas supplies that would assure a stable, cheap supply of energy for America.

Perhaps this shouldn’t be a surprise. After all, Obama warned that his cap and trade plans would “bankrupt” the coal industry and necessarily cause energy prices to “skyrocket” during the 2008 campaign. But, the electorate didn’t pay any attention because he promised hope and change.

We should have paid more attention. In an interview with the San Francisco Chronicle during the 2008 campaign Obama casually dropped the bombshell that he would bankrupt the coal industry. “Sure, if somebody wants to build coal-fired power plants, they can,” said Obama as if he was discussing the weather, “it’s just that it will bankrupt them because they are gonna be charged a huge sum for all that greenhouse gas that’s being emitted.”[1]

Obama was breezily explaining the enormous penalties that will be incurred by the coal, oil and natural gas industries after he imposes his draconian cap and trade regulations to reduce greenhouse gas emissions. Obama then admitted to the Chronicle that “under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”[2]

The Rest…HERE

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