Well... that comment may be a little broad sweeping... at least the ones in positions that can have an effect on it don't care.
Secretary of Energy Stephen Chu, delivered very revealing and stunning remarks in testimony before Congress March 1st.. When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it’s his “overall goal to get our price” of gasoline lower, Chu replied, “No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.”
The OWE BOMB made similar remarks in New Hampshire saying, “We are going to be hearing a lot about how people have these magic three point plans to make sure you’re only paying 2 dollar gasoline … You know the plans I’m talking about: Step one is drill, step two is drill, and step three is keep drilling.”
OWE BOMB told a crowd at Nashua Community College after touring the school's automotive lab, "There is no quick fix to high gas prices and the nation cannot drill its way out of the problem. The president claimed oil production is at its highest in eight years, that increasing oil production takes too long, and that oil is not enough." As for the president’s push for alternative energy, those sources simply cannot stand the test of the market. How long will it take for reasonable quantities of energy to be produced using algae?
This is the same reason Bill Clinton used for not going to ANWAR drilling and adding something like 80 miles of pipeline to the current line to bring it to the lower 48. Bill said it would take 10 years to accomplish. So, here we are 10 years later and we still haven't started because it would take too long. Too Long is not an excuse, not even a reason, it is a cover up and cop out because they are afraid of saying what the real reason is... they don't want to, period. Industry experts say it could be accomplished in 3 to 5. The last pipeline was accomplished in 3.
So where does that leave you and me?
Paying the bill.
The economy falling apart, slowing down and stagnating in the basement. What we are seeing going into March of 2012 is this very thing. The OWE BOMB and his cover up media are giving us all the positive spin they can. Touting things that have no meaning as evidence of a growing economy and not showing things like the durable goods orders dropping the largest drop in three years. In how long? Three years ago we were falling into a recession. Does that mean we are doing the same thing? Of course there are other indicators we are ignoring... Actual consumption of diesel fuel since the trucks are not running... Here is a report put out by the American Petroleum Industry...
WASHINGTON, January 20, 2012 – Total petroleum deliveries (a measure of demand) fell 1.2 percent to an average of 18.9 million barrels a day in 2011 compared with 2010. Except for 2008, this was the largest drop in annual domestic deliveries over the past decade. December 2011 petroleum deliveries were down 5.9 percent from December 2010, declining to an average of 18.6 million barrels per day, the lowest level in 15 years. Gasoline deliveries showed declines for 2011 as a whole and for the month of December.
"The weakness in gasoline demand in 2011 reflected the overall weakness in consumer spending," said API chief economist John Felmy. "This carried through the year, with retail sales down in December and gasoline demand slipping more than four percent for the month."
Despite the decline in demand for refined products, supplies remained ample, with gasoline production for the year averaging a record high of 9.1 million barrels per day, up 0.5 percent over 2010. Distillate production at 4.5 million barrels per day was up 6.1 percent for the year. Refinery inputs fell by 1.5 percent in 2011 compared with 2010.
Total petroleum imports dropped 5.6 percent in 2011 from the year before. Although up slightly in December, crude oil imports for the year fell by 3.4 percent.Refined product imports decreased 14 percent for the year and were down more than 33 percent for December.
Total petroleum exports (almost all of which were product exports) were up 25.5 percent in 2011 compared with 2010.
Crude oil production rose 2.5 percent in 2011 to an average of 5.6 million barrels per day. In December, crude oil production rose by 0.5 percent to an eight-year high for the month. The total number of oil and gas rigs stayed above 2,000 for the month, according to the latest Baker-Hughes Inc. report, and averaged 1,875 for the year, a three-year high.
Crude oil stocks ended the year slightly up from 2010 and were at a 17-year high for December.Motor gasoline stocks were up in December 2011 from the prior month. Distillate stocks fell to a five-year low for December.
API represents more than 490 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America's energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.
"The weakness in gasoline demand in 2011 reflected the overall weakness in consumer spending," said API chief economist John Felmy. "This carried through the year, with retail sales down in December and gasoline demand slipping more than four percent for the month."
Despite the decline in demand for refined products, supplies remained ample, with gasoline production for the year averaging a record high of 9.1 million barrels per day, up 0.5 percent over 2010. Distillate production at 4.5 million barrels per day was up 6.1 percent for the year. Refinery inputs fell by 1.5 percent in 2011 compared with 2010.
Total petroleum imports dropped 5.6 percent in 2011 from the year before. Although up slightly in December, crude oil imports for the year fell by 3.4 percent.Refined product imports decreased 14 percent for the year and were down more than 33 percent for December.
Total petroleum exports (almost all of which were product exports) were up 25.5 percent in 2011 compared with 2010.
Crude oil production rose 2.5 percent in 2011 to an average of 5.6 million barrels per day. In December, crude oil production rose by 0.5 percent to an eight-year high for the month. The total number of oil and gas rigs stayed above 2,000 for the month, according to the latest Baker-Hughes Inc. report, and averaged 1,875 for the year, a three-year high.
Crude oil stocks ended the year slightly up from 2010 and were at a 17-year high for December.Motor gasoline stocks were up in December 2011 from the prior month. Distillate stocks fell to a five-year low for December.
API represents more than 490 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America's energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.
What happens from here depends on what we let this administration get away with. Well we let them and their numbers dictate the attitude of the marketplace or will someone call them out on it and make them face the facts before it is too late and we end up with four more years of destruction?
Maybe we all need to be getting on the phone demanding answers.
From Iowa
Pres.
