Data shows 61% drop in Wyoming energy leasing

Dec 12

Finance & Business, Global Warming/Climate Change, Politics

Data shows 61% drop in Wyo energy leasing | Wyoming Business Report.

Oil well near Shell, Wyoming

Please follow the link and read the report. Do not believe this administration when they tell you their goal is energy independence. Not only are they wasting incredible sums of tax money on “green energy” boondoggles, but at the same time they are discouraging domestic energy development. This is something to keep in mind as gasoline prices once again approach $3 per gallon. In 1981, Ronald Reagan removed obstacles to domestic oil and gas production such as windfall profits taxes. The result was lower prices for gasoilne for the next several years, which helped to fuel (pun intended) the longest, strongest economic recovery in American history. The Obama administration seems determined to do just the opposite, by pursuing policies that ensure higher energy prices for Americans. Their advocacy for uneconomical green schemes coupled with their aversion to domestic energy exploration seem destined to lead to higher prices, and perhaps even shortages of gasoline and diesel fuel. Barack Obama has recently been compared to Jimmy Carter in many unflattering ways. He should begin now to prevent the reappearance of the gas lines and closed stations that helped to doom Carter’s reelection effort of 1980.