Liberals irresponsible response to energy crisis

 Fox News:

Record gas prices: Journalists, celebrities offer ‘tone deaf’ opinions on oil, energy as fuel prices surge 
Liberal pundits have insisted Americans should simply eliminate oil dependence altogether without offering a viable alternative

These people are delusional.  If there was a better alternative it would be on the market already.

See, also:

White House Neglects Obvious Funding Crunch for U.S. Oil Drillers

And: 

American Oil Drillers: Democrat Policies Blocking Energy Production

...

 “Ten years ago, the ‘cost of capital’ for developing oil and gas as compared to renewable projects was pretty much the same, falling consistently between 8% and 10%. But not anymore,” Bloomberg reported in November. Now the cost of capital is reportedly 20 percent for long-cycle developments.

Biden’s attack on private financing is only one angle of assault. In August, a Biden changed global bank financing rules that make it more difficult for drillers to find investors. The policy is intended to accelerate renewable energy investment rather than fossil fuel investment, thereby greatly defunding oil production.

The Wall Street Journal reported Wednesday that oil drillers believe the “flight of capital from the fossil-fuel industry in recent years has left U.S. oil patches without enough fracking equipment to bring a ton of new wells online, and that a resurgence of go-go drilling would deplete companies’ most valuable drilling locations”....

...

Renewables are not a viable replacement for fossil fuels.  They are not a reliable source of energy on demand and are vulnerable to extreme weather. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more