Once again, America is set up to lose for the sake of Obama’s presidential bucket list.
Demanding that Congress focus on transitioning to a “low-carbon economy,” the White House issued a statement that President Obama would veto a bill to eliminate the ban on exporting U.S. oil.
The ban dates all the way back to the 1970s, when it was created as a response to the Arab oil embargo.
Lifting it would bring in $1.4 billion in revenue for the federal government, according to an estimate by the Congressional Budget Office.
It also could lower the cost of gasoline by about 13 cents per gallon, according to the Government Accountability Office.
But the White House statement of Administration policy said, “Legislation to remove crude export restrictions is not needed at this time. Rather, Congress should be focusing its efforts on supporting our transition to a low-carbon economy. It could do this through a variety of measures, including ending the billions of dollars a year in federal subsidies provided to oil companies and instead investing in wind, solar, energy efficiency, and other clean technologies to meet America’s energy needs.”
The problem with any “green energy” scheme that doesn’t include nuclear, of course, is that wind, solar, corn squeezings and what have you don’t have anywhere near the generative oomph of oil.
This is not a secret. It is known, even to know-nothing leftists.
So when the White House insists on a “low-carbon economy,” it’s really saying a low-power economy that won’t have sufficient energy to fully charge the cities, industries and lifestyles Americans have become accustomed to.
All to please the earth goddess or to keep the sky from falling or whatever.
It shouldn’t be a surprise that this president would be willing to toss America’s economic future away just to check off another item on his list. He similarly threatened to veto funding for the military this week if he didn’t get his way on the matter of closing Guantanamo Bay.
With a president like this, we don’t need any enemies.