A Conduit of Mostly Non Mainstream News / Information – without Political Correctness…
Source: Activist Post
High gasoline prices are increasing Obama’s unpopularity. His energy plan will make him lose even more favor because it is detrimental to the environment and the economy.
Oil is the primary source of energy for transportation and the US imports 2.7 billion barrels a year. One of the reasons why gas prices are so high is because the US is exporting more fuel than it is importing — the fuel is sold to the highest foreign bidder. Last year, the US exported 848 million barrels of fuel while importing only 750 barrels.
The primary sources of US electricity are coal (45%), natural gas (23%), nuclear (20%), hydro power dams (7%) and renewable energy (2%). US electricity prices have risen 23% over the last 5 years.
Federal energy subsidies have increased from $17.9 billion to $37.2 billion due to Obama’s stimulus. Renewable subsidies have inflated by 186%.
Here is a short list of why Obama’s energy policy is offensive:
Meanwhile, the EPA’s stringent regulations may force half of the coal plants in the US to shut down, with no sensible alternatives. The result will be unreliable and intermittent electricity.
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