Dhimmicrats Intentionally Sabotage American Economic Independence

Family Security Matters

....the Obama administration has installed an “energy team” that is completely opposed to the development of any energy resources in America, from offshore and ANWR oil to coal mining or the construction of coal-fired plants to generate electricity. Coal currently produces 50% of the nation’s electricity.

Steven Chu, the Secretary of Energy, is on record saying, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”

It is $8 a gallon there.

Oil producing nations such as Saudi Arabia and the Gulf states, along with Venezuela, will grow rich while Americans will be faced with high costs for gasoline, motor and heating oil, and everything else that depends on oil such as asphalt or even Vaseline.

Meanwhile, oil producers in America, large and small, will take a financial beating. If you don’t like living in a modern, advanced and industrialized society, you will favor this. If you think Americans consume too much, drive too much, and deserve to be punished for it, you will favor this.

Recently, Barry Russell, the president of the Independent Petroleum Association of America, released a statement in which he said, “President Obama delivered a devastating blow to the American oil and natural gas industry by proposing an astonishing $30 billion tax increase (as part of his FY 2010 budget) on American energy producers, most of whom are small businesses.”

“Ninety percent of the oil and natural gas wells developed in the United States are done by small, independent businesses – not so called ‘Big Oil’ – so tax increases hurt these companies most.” It also, of course, hurts any prospect for the discovery and production of new sources of oil and natural gas in America.