Monday, January 25, 2010

White House Needs New Look At Energy

Obama's reliance on wind and solar is naive at best since the technology involved will support a very small percentage of our energy needs for decades. This article shows the danger of the Obama policies putting our economic future at risk.

Excerpt - The major Chinese oil companies have the full support of the Chinese government and, very importantly, they are admired and praised by the vast majority of Chinese people.

In discussions with Chinese intellectuals, government officials and company executives, the Chinese are often incredulous, all asking essentially the same question: Why is America letting us have a free and uncontested ride in all these energy ventures?

In contrast, American "Big Oil," (ExxonMobil, ConocoPhillips and Chevron — the only companies really able to play along and compete with the Chinese) not only are not supported or encouraged by the U.S. government, they've been routinely vilified by politicians. To the sizeable portion of the American public that's unaware of the role energy plays in the modern world, they are the devil incarnate.

What the world is witnessing is the largest peaceful transfer of power in history. Energy means power, and while the U.S. is consumed by environmental ideologies and climate rhetoric, it is committing economic hara-kiri in the process. China, riding on energy acquisitions with little competition, will propel itself into the economic stratosphere.

The U.S. should be concerned, but doing something about it will require an unlikely sea of cultural change in the Obama administration.

White House Needs New Look At Energy

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