This video is pretty powerful, and a must watch about how the environmental agenda is destroying our economy.
Category Archives: Energy Crisis
Why Energy Matters?
The American Petroleum Institute (API) recently launched a new initiative, Vote 4 Energy, which will focus on why energy issues should concern many voters during the 2012 elections. According to API, this is not a partisan issue, rather energy is an issue that should concern many Americans, as it impacts the economy and job development for the future.
Below is a video featuring Tom of Virginia Right:
Energy is an important issue. With the potential rise in fuel prices, there is no doubt that something needs to be done to utilize our own resources to help curb our reliance on foreign oil.
Green Week on NBC
Oh geez, why does NBC need to infiltrate their programs to honor their devotions towards going green. Haven’t we heard enough about this going green stuff? I recycle, watch my energy consumption, drive a vehicle that gets great gas mileage, and heck, I even watched “An Inconvenient Truth” for laughs (which expelled some oxygen particles).
Now, NBC has taken upon itself to scare us into buying some GE products (after all, GE owns NBC). Even worst, Today Co-Host Meredith Vieira even said that global warming could cause the sea level to rise by 200 feet. This statistic is further from the truth, than my foot is to the gas pedal of a diesel truck. According to CEI’s Open Market Blog, the sea level will rise gradually by 27 feet over the span of 100 years.
Maybe, NBC would be better off focusing on improving their TV shows and being objective news reporters than spreading around how we need to be green. In the spirit of global cooling (since it is 32 degrees here in Northern Virginia), we hand the Al Gore Village Idiot Carbon Footprint to our good friends at NBC for their “Going Green” week.
Energy Policies of the Past Will Not Make Us Go Forward
Lately, I have been fed up with watching all of the Barack Obama/John McCain commercials that have been played between my favorite programming. So, I have been reading publications from The Heritage Foundation, Townhall Magazine, and other online news sources to help keep me in the know.
Today, I was sitting on the Metro, as I was headed into Washington for a meeting. I found a publication from Heritage called The Insider, and the article that caught my interest was about how the energy policies from the 1970s will actually hold us back and cost us more in the future. With the current energy crisis (even though, prices at the pump have dropped, we have not seen the effects on our winter heating bills yet), we need new innovative ideas that will utilize our natural resources and would not have a detrimental effect on our free market economy.
The suggestions from The Insider article were among the best ideas. First, the authors (Ben Lieberman and Nicolas Loras) highlighted three failed policies that will direct us to even higher energy prices in the future. Windfall Profits Tax, Price Controls, and Picking the Winners and Losers Among Alternatives were the three bad ideas mentioned in the article.
If you enact a windfall profits tax, oil companies will continue to raise their rates and this will only hurt the consumer. Another negative to windfall profits tax would be the detrimental effect on domestic oil production, which would hinder our efforts for offshore drilling.
Price controls would be the most damaging for solving the energy crisis. This will bring back the gas lines at the filling stations and would cause shortages.
As for alternative form of energy, there needs to be more research on a majority of the natural alternatives. Ethanol has failed, solar energy has been proven ineffective, and wind energy is an eye sore in many Midwestern states has been proven unreliable.
So, we need to move ahead. The authors of this article suggest that we focus on policies that increase domestic energy and remember the failures mentioned to help move ahead with new, innovative solutions that will push us ahead to the future.
Anger: NYC Market Charges ‘Energy Surcharge’
NEW YORK (CBS) ― The cost of everything seems to be going up lately, making tough times even tougher. Now a supermarket on the Upper East Side is passing an energy surcharge onto customers.
This is what we have to look forward to in the future, if we do not solve the energy crisis. The rising costs of food, along with a possible surcharge will affect working class families throughout America.
Rising Costs of Energy Contributes to the Economic Crisis
With today’s news of Lehman Brothers declaring Chapter 11 Bankruptcy, one can only imagine that many people are going to be rushing to remove money from stocks and bonds that are impacted by many of these banks that keep on going belly up. How much longer until we have hit a complete recession or even, a recession?
The economy is not looking good, and of course, there are many factors surrounding the current banking crisis.
The major factor is the entire housing market being directly impacted by foreclosures. People can’t afford mortgages and the banks who lend to these people are collapsing due to the amount of debt owed. The Federal government keeps bailing the banking industry out time after time, even when the industry can take the responsibility and not grant loans to those who can’t make payments.
However, the underlying factor to our economic distress is not surprising to say the least. Right now, we are in an energy crisis of epic proportions. The energy crisis is impacting our daily lives, not just at the pump, but in the basic commodities we purchase. Often, we have to work our budgets around the rising fuel costs and between the goods that are not essential. It is a choice we make and pay for continually. Unfortunately, some often choose to spend excessively and take on too many expenses, which leads to foreclosures and excessive debt. This impacts the economy and shows that our country is not fiscally responsible.
In fact, the underlying factor to the energy crisis might surprise some: the costs of oil are determined by speculators on Wall Street. If they speculate oil to be $140/barrel, you can bet the cost at the pump will skyrocket.
Face it, the time has come when we demand our Federal representatives to take action and allow for drilling in the outer continental shelf and start relying on our own renewable resources to aid with the rising costs. Before we can do that, Congress needs to step up to the plate and ease the current restrictions to allow for common sense energy solutions. We need to drill here in America to get off of our foreign dependency. In fact, we are the only country that does not allow offshore drilling. Other countries (both allies and enemies of the U.S.) allow drilling, and they are not feeling the impact of rising costs that we have been experiencing in this country. Once we start taking charge and drilling here in the U.S., the rising energy costs will decrease and people will be better off.
Unless something is done soon, I fear that we are headed to another Great Depression.
