Palin Was Right: 'Drill, Baby, Drill!'
S E E D E D C O N T E N T
Like the rooster that takes credit for the sunrise, President Barack “You Didn’t Build That” Obama woke up the other day and decided to take credit for another thing he had nothing to do with. The president who said that companies like Solyndra were the hallmark of a future in which workers drove Chevy Volts, predicted that manufacturing jobs of the past could not be brought back, not only took credit for an economy he didn’t build, but also for the energy boom he opposed which is fueling it.
Back in 2012, geologist Barack Obama, poster child for the “peak oil” crowd, told us that calling for increased production as Alaskan Gov. Sarah Palin did. by increased drilling – " drill, baby, drill ," she called it -- was not a plan, but rather " a bumper sticker ." Obama assured us, " You know, we can't just drill our way to lower gas prices ,"
Well we have, just as those manufacturing jobs that weren’t coming back have come back. So now Obama would have us forget what he said about the fuels of the past, as he massaged his ego one more time :
Former President Barack Obama on Tuesday took credit for booming U.S. oil and gas production, telling investors to "say thank you" to him.
Obama spoke in Houston at an event hosted by Rice University’s Baker Institute, where he praised his administration's commitment to the Paris climate agreement before taking credit for the United States being the biggest producer of oil and gas during his administration.
"I was extraordinarily proud of the Paris accords because -- you know, I know we’re in oil country and we need American energy, and by the way, American energy production," Obama said.
"You wouldn't always know it, but it went up every year I was president. That whole, suddenly America’s like the biggest oil producer and the biggest gas -- that was me, people."
Sorry, Barack, but the man who blocked the Keystone XL and Dakota Access pipelines doesn’t get to take credit for the oil that soon 
will be running through both. Nor is the president who opposed two technologies developed by private industry, fracking and horizontal drilling, get to take credit for the abundance hey have produced,
Obama tried to kill off fracking with a rule designed to burden the oil industry with excessive reporting requirements which would allow the EPA to delay and derail new exploration and drilling. It was designed to kill fracking, a key part of America’s energy resurgence, based on unfounded environmentalist fears, namely that fracking poisons drinking water, accelerates climate change, and causes earthquakes. As Investor’s Business Daily commented on the Obama fracking rule enacted in 2015:
When the Obama administration recently released its new regulations on fracking -- regulations that it said were needed to keep up with the advance and success of the decades-old technology to meet public safety needs -- the Independent Petroleum Association of America and Western Energy Alliance immediately filed suit, saying that the new regs were based on "unsubstantiated concerns" that lacked any scientific basis.
"Hydraulic fracturing has been conducted safely and responsibly in the United States for over 60 years," noted IPAA president Barry Russell, who also pointed out the impact of the new regulations on job and economic growth. Fracking has produced an oil and natural gas boom, making them energy sources of the future, not the past.
The Obama administration doesn't like fracking and wishes that fracking would just go away so it can go on subsidizing the Solyndras of the world. But Russell is right: Fracking is safe, and the new study proves that any concerns are politically motivated fear-mongering.
Published online in late March in Environmental Science and Technology, the study focused on 11,309 drinking wells in northeastern Pennsylvania. It found that background levels of methane in well water are unrelated to the location of oil and gas wells drilled using fracking technology…
Shale formations in which fracking is used are thousands of feet deep. Drinking-water aquifers are generally only a hundred feet deep. There's a lot of solid rock in between. And as we've said, the technology is not new, with the first well employing fracking being drilled in Oklahoma in 1947.
It is fracking that has produced a boom in the production of natural gas, a fossil fuel, that has produced a significant reduction in the U.S. of so-called “greenhouse gases”. As the Washington Times reported:
White House senior advisor Brian Deese cheered the falling carbon dioxide levels at a Monday press conference without mentioning the outsize role played by natural gas, as the cleaner-burning fuel increasingly overtakes coal in electricity generation.
“For those of you who are not breathlessly following the most recent data that has come out, I would note recent data that we’ve seen suggests or finds that for the first half of 2016, energy sector emissions in the United States are actually down 6 percent from last year, and 15 percent from 2005,” said Mr. Deese. “And they’re at their lowest level in nearly 20 years.”
He said nothing about the U.S. natural gas boom, an omission that critics say has become par for the course as the Obama administration highlights renewable energy and emissions restrictions without acknowledging the role of fracking in natural gas extraction.
The fact is that while Obama takes credit for increases in oil production, he conveniently leaves out the fact that due to his administration's extreme reluctance to permit drilling on federal land, all of the increase in production came from private and state-owned land , and, the same goes for natural gas . On average, the number of leases granted by the Bureau of Land Management to drill on federal land under Obama was far lower than any of the four administrations prior to his .
Obama opposed drilling in a narrow and quite barren portion of the Arctic National Wildlife Refuge (ANWR) which President Trump has opened up to exploration and drilling. Obama blocked offshore drilling in the Arctic and Atlantic :
President Obama on Tuesday formally blocked offshore oil and gas drilling in most of the Arctic Ocean, answering a call from environmentalists who say the government needs to do more to prevent drilling in environmentally sensitive areas of U.S.-controlled oceans.
Obama is invoking a 1953 law governing the Outer Continental Shelf to block drilling in federal waters in the Arctic's Chukchi Sea and most of its Beaufort Sea. He also protected 21 underwater canyons in the Atlantic Ocean from drilling, White House officials said Tuesday…
The announcement locks in a decision Obama made last month to block drilling in the Atlantic and Arctic Oceans during an offshore leasing plan that runs through 2022…
Trump has unleashed the American energy industry that Obama put in shackles with both environmental and economic benefits that promise to get ever bigger and more beneficial. America needs this offshore energy, unless opponents wants us to return to the days of being permanent vassals of OPEC . According to the Bureau of Ocean Energy Management , the Beaufort and Chukchi Seas off Alaska contain an estimated 23.6 billion barrels of oil and 104.3 trillion cubic feet of natural gas. According to the American Petroleum Institute’s website Energy Tomorrow , offshore drilling could create 840,000 American jobs and generate $200 billion in revenue to the federal government by 2035. As the Daily Caller reports:
Offshore drilling in the Atlantic Ocean has the potential to produce 1.3 million barrels of oil and natural gas per day while generating nearly 280,000 jobs and contribute up to $23.5 billion per year to the U.S. economy, according to a 2013 study by the American Petroleum Institute.
And what about the environmental impact to these allegedly fragile ecosystems? What about the polar bears and the caribou? We heard this apocalyptic song before, when oil was discovered at Prudhoe Bay and the Trans-Alaska Pipeline was built to carry it southward. When oil exploration began in Prudhoe Bay, 60 miles to the west of ANWR environmentalists claimed it would yield only a "few months' supply" of oil and would wreck the ecosystem. Prudhoe Bay turned out to be the largest deposit of oil ever found in North America. As Stephen Moore of the Heritage Foundation writes in the Daily Signal :
Would oil and gas drillers kill off the eagles, caribou, and polar bears, as the White House warns? These were the arguments made more than 40 years ago against building the Trans-Alaska Pipeline System -- which carries oil from Alaska’s North Slope to the port of Valdez for shipment to the lower 48 states. Over the last 35 years it has carried more than 17 billion barrels of oil, a quantity worth nearly $1 trillion in today’s dollars. At the time, the Sierra Club moaned that the pipeline would mean “the wilderness is forever broken,” while the Wilderness Society said the project would lead to “imminent, grave and irreparable damage to the ecology, wilderness values, natural resources, recreational potential, and total environment of Alaska.” No bird or caribou would be safe from the carnage. Sound familiar?
Instead, the impact on Alaska’s wildlife and natural beauty has been almost nonexistent. A study delivered in 2002 to the American Society of Civil Engineers found that “the ecosystems affected by the operation of TAPS and associated activity for almost 25 years are healthy.” Today the size of the caribou herd in Alaska is estimated at about 325,000 -- four times the number before the pipeline was built.
Offshore oil platforms are not the environmental risk critics say they are and are in fact an environmental bonanza with the platforms serving as artificial reefs that promote an explosion of sea life :
"Environmentalists" wake up in the middle of the night sweating and whimpering about offshore oil platforms only because they've never seen what's under them. This proliferation of marine life around the platforms turned on its head every "environmental expert" opinion of its day…
A study by LSU's Sea Grant college shows that 85 percent of Louisiana fishing trips involve fishing around these platforms. The same study shows 50 times more marine life around an oil production platform than in the surrounding Gulf bottoms.
President Obama has drilled a dry hole with his claim that you couldn’t drill your way out of high energy prices and limited supply and somewhere Sarah Palin is smiling :
As the Wall Street Journal reports, Obama shrugged the idea when Republicans suggested using domestic oil supplies more than ten years ago.
“Readers of pre-millennial vintage may recall the 2008 presidential campaign when Republicans and especially Sarah Palin picked up the chant ‘drill, baby, drill’ as a response to soaring oil prices,” the Wall Street Journal reports. “The theme was much derided, not least by Barack Obama, who as late as 2012 called it ‘a slogan, a gimmick, and a bumper sticker’ but ‘not a strategy.’ Ten years later, who was right?”
Sarah Palin and Donald Trump? You betcha.
Daniel John Sobieski is a freelance writer whose pieces have appeared in Investor’s Business Daily , Human Events,Reason Magazine and the Chicago Sun-Times among other publications.
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...The percentage increases for U.S. fossil fuel reserves are staggering, with proven reserves for both crude oil and natural gas doubling in the last decades. The reserve rate gain accelerated last year to 19.5 percent for oil and 36.1 percent for natural gas.
United States crude oil production passed Russia and Saudi Arabia earlier this year, making the U.S. the world’s largest producer for the first time since 1999. EIA predicts that U.S. oil production will average 12.1 million barrels per day (b/d) in 2019, up from 10.8 million b/d in 2018 .
The U.S. passed Russia as the world’s largest natural gas producer in 2009, and currently accounts for about 20 percent of world production. U.S. natural gas production increased in August 2018 to a new record of 86.9 billion cubic feet per day (Bcf/d) and EIA forecast natural gas production will average a new record 89.6 Bcf/d in 2019.
EIA credits America’s return to fossil fuel dominance due to innovations in natural gas horizontal drilling and hydraulic fracturing pioneered in Pennsylvania’s Marcellus shale formations in 1997. The same techniques when applied to North Dakota’s Bakken and Williston tight oil-bearing shale formations, reversed America’s 38-year downward trend in crude oil production by 2008.
Texas and New Mexico had the largest net increases in proven reserves for crude oil in 2017, adding 3.1 billion and 1.0 billion barrels of crude oil reserves last year. Pennsylvania and Texas had the largest increases proven natural gas reserves for the same period.
Secretary of the Interior Ryan Zinke told Fox Business in mid-October that crude oil and natural gas production were being constrained by outpacing pipeline takeaway capacities. Zinke commented that with new pipelines opening in 2019, he believed crude oil production may rise to 14 million barrels of oil per day in 2020, and U.S. crude oil exports could double to 3.9 million barrels per day .
America’s unique geological shale formations and abundant water resources are credited with launching the Oil Boom. But U.S. technological innovations in Big Data analysis and Industrial Internet of Things process monitoring seem set to power a digital “Oil Boom 2.0.”
The United States regaining its cheap energy comparable advantage is great news for the rebirth of American manufacturing and the growth of millions of U.S. high-skilled blue-collar jobs, but it represents an existential threat to China as globalism’s biggest winner.....
The only news i ever heard of Sarah Palin for 10 years was daughter Bristol's bastard babies, breakups and drunken brawls and son Track's multiple arrests for violent spousal abuse. Sarah cannot even get a lousy crap reality tv show anymore. Sarah is just a used up joke. Oil prices go up and down. Poor olde Sarah Palin's career in politics is never going anywhere ever again. Bless her hateful olde withered heart...
The only hate evident here is in the words written above about her. I’m proud that for many years from AOL to here with a couple stops in between to have honored her with my Cornhusker4Palin ID so many once knew me by.
Yeah, it was prophesied false prophets would deceive many foolish men...
So Lord Barry, or ex dear leader was a false prophet who deceived many men when he said that we couldn’t drill our way to lower oil prices or energy independence and when he told us Heartland American bitter clinger deplorables that all those manufacturing jobs were not coming back and suggested a magic wand? Thanks to Sarah Palin and Donald Trump, Obama has been revealed for the false prophet that he is.
Obama and Clinton are the Most Admired Man and Woman in the World.
Trump and Palin are not and never will be. So, there is that to consider...
Palin had zero to do with currently low oil prices. She is an anachronism.
I will assume you mean President Obama, and since you brought him up...
(Just an FYI, only his closest friends call him, "Barry", so we will just assume you think very highly of President Obama).
That soon will be flowing to the Saudi owned and Chinese owned refineries and loaded on to tankers bound for China as it's already been known forever that this oil was already sold to the Chinese before you jumped on that bandwagon [Deleted]
So...in your limited education on the subject of petroleum blending .....
Do you think we just dump a shitload of Texas Crude in one end and it pops out as Premium unleaded at the other end? Is that thinking so superficial to believe that?
You came out before and bragged about the 1000's of permanent good paying jobs this would produce...
Only to actually have it confirmed by the pipeline owner that it would create roughly 30 jobs. Suddenly you got quiet about your "facts"....now why would that be?
Dubya was such a moron that King Obama got the prize just for cleaning up his foreign policy disasters.
I should have known who you were, HA (XX, etc, etc). Why so many identity changes?
Did you manage to avoid whiplash from that massive deflection?
Absolutely nothing. All his so called accomplishments were net negatives for America.
The seeded article is about the situation today and about how 10 years ago she was right about our energy situation and her critics including President Barack Hussein were so very wrong. Stay on the seeded topic.
Even broken clocks are correct twice a day. Palin hasn't been for ten years.
On most any issue Palin has taken a stand on, she has been right on. Thus says CornHusker4Palin.
No, Sarah is so dumb she lost McCain's Presidency to Barack Hussein Obama.
That was 10 years ago. Since then Palin's ill bred clan has only made news for drunken brawls, out of wedlock child births, divorces and arrests for everything from spousal to animal abuse. There have been a dozen cheap trashy reality shows to their credit. Sarah is such a shamless publicity hound she had to be pointedly and publically disinvited (See Banned) from even attending John McCain's funeral..
a fitting epitaph.
Sarah's a fucking idiot. a useless has-been that never will be. the "family values" hockey mom that failed to teach her oldest son not to beat women and her oldest daughter how to have safe sex. it's only a matter of time before she gets popped using SarahPAC money as her personal checking account. even trump realized early how toxic her name had become, when he was giving cabinet positions to the least qualified. she's had her 15 minutes, despite repeated attempts to reanimate her dead end political career.
Don't forget, even the Republicans banned her from the convention.
her rightwing political career can be summed as a swan dive to a face plant into an empty pool
Other than I think she prevented John McCain from being the POTUS, the only thing I know about Sarah Palin is that she can see Russia from her front porch. However, I think she provided lots of material for SNL.
Actually she provided his campaign a boost in donations and volunteers who would not have been there for Mc Cain otherwise. I was a volunteer in that campaign and among the base, all I ever heard was I’m here because of her or I’m donating because she’s on the ticket. She didn’t win and no GOP ticket would have in 08 but she did lay the ground work for the populist base take over of the GOP and paved the way for Donald Trump to finish off the establishment’s control of the party. On a side note, I’m pleased with the deal between the USA and China a few hours ago.
You mean the Qualcomm purchase? Looks like there's a bit of a reprieve in the tariff war as well.
And they stayed around too! Much to the embarrassment of McCain.
I certainly wouldn't be proud of taking donations from the KKK and Nazis and bigots.
She took your money and laughed at you.
Are you saying Obama's landslide victory in 2008 could have been worse for McCain? I'll bet McCain didn't and his family doesn't believe that. Steve Smith was McCain's campaign chairman and he absolutely doesn't think Palin did anything but hurt McCain:
McCain probably would have won if it hadn't been for the Wassilla Whore
Oh, that's mean! I liked Caribou Barbie and Snowbilly Sarah.
I'm quite proud of my dirty mouth
I'm partial to Bible Spice, Half-baked Alaskan, and Joan of Arctic.
Fucking A!
A common secular progressive trait.
Didn't Bristol - who spreads her legs for every Tom, Dick, and Harry and then gets impregnated by them also, have a reality show - one of those knocked up and single shows? I saw the pitbull in lipstick - had a part on that show too. LOL!
And then there were those extended family brawls. Klassy.
Nothing like a drunken family brawl for the holidays.
Tis the season.
With the infamous cry..."Do you know who I am??"
When it went public "I wasn't there, I was out of town"
And then the photos...
"Ohhhh, THAT party!"
Drunken brawls at the Palins. White trash inbred Palins.
They give a bad name to white trash
Palin. The best thing I remember about her was her affirmation that ( her husband ) was, "A professional snow machine racer."
Also wonder if the goal of the right wing conservatives is to sell off, use up all of America's OIL?
'The rooster takes credit for the sun rise?' Really? At least the rooster was awake to witness it and believes in what it is seeing.
.....“As Stephen Moore of the Heritage Foundation writes in the Daily Signal :
Offshore oil platforms are not the environmental risk critics say they are and are in fact an environmental bonanza with the platforms serving as artificial reefs that promote an explosion of sea life :
President Obama has drilled a dry hole with his claim that you couldn’t drill your way out of high energy prices and limited supply and somewhere Sarah Palin is smiling :
'Gimmicks and bumper stickers.' Soaring OIL prices. They too are gimmicks.
Obama said that and he was wrong. We have energy independence, lower oil prices, lower greenhouse gas footprint, energy exporting wealth, and a return to manufacturing dominance thanks to free markets as well as Sarah Palin and Donald Trump.
True, none of which trump or palin is responsible for.
Pay attention to the dates...
Palin couldn't even finish her term as governor and completely destroyed McCain's chance to be president. She hasn't done anything right in her life. Even her kids are fucked up. Christ, even trump sent her away after she said she would endorse him...
The only person in America that has absolutely zero claim on any American achievement in manufacturing returning, lower energy prices, lower greenhouse gases, our energy independence is one dear leader Lord Barry Hussein Obama.
I just posted FACTUAL proof that you are WRONG!
Every thing that happened during our oppressive Obama regime years regarding manufacturing, energy development, and our improving economy all happened in spite of him or to spite him and over his opposition. He gets no credit for anything positive regarding our economy as his recovery sucked and was the worst one ever.
Don't know about the Obama thing you're caught in a twist over---------But I do know about 'disappeared journalists' and dirty Saudi/Russian money.
Had Russians in the WH. Russians in Trump Tower. Secret meeting in Helsinki--( did you notice Trump's facial expressions? ) and a bunch of other stuff.
And the right wing are toting OIL prices as if the...………...groundhog saw its shadow?
Why the hate? Why the fear? What is the point? I feel something anti-American here?
You know of four things the...…….whatever it is you represent...……...desire to implement for the betterment of America and its citizens?
There was no fear or hate in my seed or post. Just the truth. I desire low energy prices, plentiful high paying jobs, low inflation, low interest rates, tax cuts, a strong national defense, and energy independence for America along with 4+% economic growth to reduce the deficit and debt. You?
Really? You actually think we have energy independence?
Your ignorance in the subject is shining for all to see. The largest refinery in America is foreign owned. Not one drop of the XL pipeline will stay in America, we are just a loading port for Canadian oil bound for China and will not support the 1000's of jobs you and the fruitcakes you believe. Keystone said that themselves. Which blew a torpedo size hole in to the lies you were promoting and told.
A return to manufacturing dominance?
Did you actually write that with a straight face?
Job offshoring has INCREASED under Trump more and faster than ANY president before him.
That carbon footprint thingy that you tried to take credit for was Obama's.
Your dunce boy in the wh just rolled those rules and tossed them out.
LOL, it would be wise to check your facts,
Hmmmm. Energy development...love it when the dog whistle right whip out Solyndra like it's a weapon....and then won't admit that it is because of Obama that we are in the frontlines in solar production of electricity. Because of Obama we are ditching oil in the 100's of 1000's of electric cars sold, hybrids, and fuel efficient and advanced technology engines.
He was mocked on another of your propaganda pieces whem Obama stated that EV's were an industry of the future....
Seems Volvo, Porsche, Maserati, toyota, Honda, GM, Mercedes Benz, Nissan, Tesla, and a few others agree with his assessment. It.was Obama's policy that stepped up this advancement in technology.
Your idiot Palin Clone just rolled back those advancements.
I know people will do some crazy stuff when they think it may save the planet. Weird.
You never will get it,* willya, C4P.
*and I hope you never do.
Stephen Moore is a brilliant economist and The Heritage Foundation is the best think tank in America.
And that his business partner had a nice dick.
Yowzers!
lol
"Looks like 'ol Chuck was takin' the skin boat to Tuna town"
I love Grumpy old Men quotes
She screwed around with a basketball player too.
[Deleted]
The U.S. became oil self-sufficient during the Obama administration. That rightwingers would still be lying about Obama just tells us how desperate Trumphumers are to try to prop up that bag-o-shit.
America's biggest oil boom came under Obama
It did in spite of him and to spite him. He tried his best to stop fracking and locked away federal lands and waters from drilling. We saved the American economy with oil and natural gas during his regime.
That is so funny and yet so sadly desperate at the same time.
And yet you just stated that Trump made us energy independent.
Now you're busted lying in writing.
Isn't there a commandment that applies to that?
Selective Christianity.
Hahaha!!!
You walked in to your own lie!
Two things noted in the article:
1) All the advancement in oil and gas production are noted by dates in the Obama administration.
2) It makes absolutely no mention of Trump even having a hand in the development of energy let alone making us independent.
YOU MASSIVELY FAILED and just proved you lied.
Obama gets no credit for any development of oil, natural gas, coal during his two terms. None. We did it in spite of him and ultimately to spite him as he prevented fracking on federal land leases, locked away numerous oceans and seas from energy development, and then tried to end fracking via ridiculous regulations, while trying to strangle the coal industry to death. I know of many conservatives including myself who pulled all our personal investment out of federally subsidized solar and wind energy companies and went all in with our investment cash to coal, oil, natural gas, and pipeline companies during his eight years. Now that he and the subsidies are gone, I’m back into investing in a clean energy ETF.
You posted the military link...they gave him the credit. Now you say the link YOU posted is not telling the truth?
This is hilarious!
You fail.
Really? I've heard your investment strategies. For all your postings you've accumulated enough to by dinner and a Ford Focus and you'd be back to square one.
And you can't even pick specific stocks, you have to take packages they allow you. That's not being an investor, it's being a saver and hoping your mutual funds are managed well.
So excuse me if I ignore sage wisdom from someone turning 2% if they're lucky.I clear several times your life savings every year.
Hey! You posted the link...it sure did give him credit.
Absolutely true:
This makes it easier to see (if one isn't deliberately blind to fact):
Damn, C4P, you are just getting deservedly pasted for this article. If you won't close it down, isn't there someone who could throw in the towel for you? Even I'm starting for feel sorry for you.
Already abandoning the article. Par for the course.
“President Obama has drilled a dry hole with his claim that you couldn’t drill your way out of high energy prices and limited supply and somewhere Sarah Palin is smiling :
Sarah Palin and Donald Trump? You betcha.”
Obama was. On top of drilling more he promoted competition for oil, like Wind, Solar, Auto electrification.
10 years later and the oil industry is in a glut. Less people need the product and it's losing market share to Tesla and every other manufacturer associated with hybrids and electric vehicles.
So Obama was correct. You cannot just drill yourselves out of oils high prices.
He managed to make the air cleaner, start a whole new industry with well payimg jobs, and reduced the need for oil causing it to stay cheaper to compete.
The ignorance and hate spewing from these comments are ignorant and dishonest.
Isn't there a supreme rule about "bearing false witness" may be getting overlooked here???
It was overlooked in the last post. Palin was right and Obama wrong. Solar and Wind power companies did better only after the federal subsidies to them ended and private investors returned to them. Private investors simply will not invest where government heavily subsidizes and or is too heavily into regulating. I had a clean energy fund before Obama became President. I saw it tank in value the more he got involved. I got out and replaced it with an index in coal companies. Since Obama left office, I’m gradually getting back into a clean energy index fund as I support an all of the above energy development plan.
More lies....
Funny how you disappear....especially when facts show up.
You say "Prove it" I do and poof! You disappear...and now this bullshite line you're trying to pass off.
And the earth's just 6,000 years old, right?
Ah, the patented HA "lie and run" tactic. It's sooo smoooooth, right?
Well you would have been one of the few then, did you invest directly in a single green energy company like Solyndra? It was one of the few who didn't do well, the rest did very well under the Obama green energy investment which got the sector competitive so that it could become self sustaining which is now has. At the time it was not the supplier of energy it was now become. The number of homes with solar panels has skyrocketed in the last ten years, and nearly all of those manufacturers did very well. As expected, some failed, but a lower percent failed than most private investors expect.
Oh, and the "drill baby drill" did have a positive effect on our economy, but it also had some other unintended consequences...
"The program has made a profit of nearly $1 billion in interest payments to the U.S Treasury to date. At least $5 billion more is expected over the next few decades as loans are paid back. That compares with $780 million in losses to date, the bulk of which is accounted for by the $535 million loaned to Solyndra. And more money could be made if the program were to ever sell its group of loans rather than managing them for the next few decades."
The Energy Departments portfolio of energy loans has been consistently above 96% since the Solyndra brouhaha.
Sigh...
Your article which is 6 years old and ends with numerous corrections, seems to be no longer valid ( if it was ) just another an Obama bashing piece
of a lending policy started by the Bush Admin.
The Department of Energy info is up to date as of September of 2018.
As per the accusation that the government picked winners and losers,
I'd refer you to DP's article
Good day & have a happy holiday season.
Like the rooster that takes credit for the sunrise, President Barack “You Didn’t Build That” Obama woke up the other day and decided to take credit for another thing he had nothing to do with. The president who said that companies like Solyndra were the hallmark of a future in which workers drove Chevy Volts, predicted that manufacturing jobs of the past could not be brought back, not only took credit for an economy he didn’t build, but also for the energy boom he opposed which is fueling it.
Back in 2012, geologist Barack Obama, poster child for the “peak oil” crowd, told us that calling for increased production as Alaskan Gov. Sarah Palin did. by increased drilling – " drill, baby, drill ," she called it -- was not a plan, but rather " a bumper sticker ." Obama assured us, " You know, we can't just drill our way to lower gas prices ,"
Well we have, just as those manufacturing jobs that weren’t coming back have come back. So now Obama would have us forget what he said about the fuels of the past, as he massaged his ego one more time :
Sorry, Barack, but the man who blocked the Keystone XL and Dakota Access pipelines doesn’t get to take credit for the oil that soon
will be running through both. Nor is the president who opposed two technologies developed by private industry, fracking and horizontal drilling, get to take credit for the abundance hey have produced,
Obama tried to kill off fracking with a rule designed to burden the oil industry with excessive reporting requirements which would allow the EPA to delay and derail new exploration and drilling. It was designed to kill fracking, a key part of America’s energy resurgence, based on unfounded environmentalist fears, namely that fracking poisons drinking water, accelerates climate change, and causes earthquakes. As Investor’s Business Daily commented on the Obama fracking rule enacted in 2015:
It is fracking that has produced a boom in the production of natural gas, a fossil fuel, that has produced a significant reduction in the U.S. of so-called “greenhouse gases”. As the Washington Times reported:
I believe and stand by all the words and links above in support of my seed which is correct in what it says.
No, we'll leave that to the guy you tout supports religious liberty by approving a pipeline through Native American sacred grounds. Regardless of their pleas.
So you're admitting it's all lies then.
No, the seed is exactly right on every single point it made. Obama deserves no credit whatsoever for our current energy situation. He fought it every step of the way and now wants attention by claiming all he opposed for himself.
So, then it's proven, you lied.
If "exactly right" in your world means a pack of lies (proven many times by me and others on this thread). Or, maybe you're using that phrase in the political sense as in "rightwing" then yes, extremely right (which is basically the same thing as a pack of lies).
Palin and Trump have advocacy and support for USA energy independence in common. We did it.
Nope, Obama did it, your own link showed that.
Better luck next time.
OH for fuck's sake, can't you keep this twit turned off? Good gawd, we suffered enough of her immature uneducated rattlings to last a life time.
Pretty hard to ignore when her fugly mug is front and center on the web page. I could care less about the seeder's musings and did not read it. I wouldn't waste my time.
Locking due to the seeder's absence.