Obama's war on America's energy industry

Because of Obama's win, an Ohio coal company, Murray Energy Company, has just laid off 160 workers at four plants.  Because of stringent rules by the Environmental Protection Agency and the possibility of a carbon tax, both could lead to the "total destruction of the coal industry in the United States by as early as 2030. We need to look at the automobile industry to start building lighter vehicles instead of just giving them billions of dollars in bailouts.  See the video.

We continue to make the Mid-East wealthy and we will experience higher oil and gas prices now that Obama has been re-elected because of his reluctance to explore our own natural resources and  become less dependent on expensive foreign oil or, for that matter, self-sufficient. The Interior Department on Friday issued a final plan to close 1.6 million acres of federal land in the West originally slated for oil shale development.

The Canadian Pipeline company that wants to build another oil pipeline to carry crude oil to Gulf Coast refineries remains optimistic in spite of the Obama win. Environmental groups, that scream the loudest, are saying that it could hurt undergound water supplies and create air pollution.

An answer to Wealth and Jobs?

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CNSNews.com) - The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday.

The GAO testimony said that the federal government was in “a unique position to influence the development of oil shale” because the Green River deposits were mostly beneath federal land.

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