ARRA News Service
ARRA News Service facebook page  
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited government, free markets, liberty & individual freedom. All content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for this site - no paid ads accepted - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru] - editor@arranewsservice.com (Pub. Since July, 2006)
Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, June 21, 2013

Gas Prices Should be a Lot Lower

By Alan Caruba: In the past whenever gas prices began to climb, whoever was president usually got the blame for it, but there never was anything he could do about it. The price at the pump was and is dependent on global factors. What can, however, be said about Barack Obama is that he has led the most anti-energy administration in the history of the nation.
A nation’s economic stability and growth depends on affordable, abundant energy, especially hydrocarbon energy in the form of coal, oil, and natural gas. In the U.S. so-called “renewable” energy—wind and solar--has been a huge, costly bust as billions in loans during Obama’s first term were lost as one “green energy” company after another went belly up. At the same time, a war on coal closed mines and shut down plants using it to generate electricity. Look for it to continue.

Production of coal, oil, and natural gas on federal lands is now the lowest in ten years according to data collected by the Energy Information Agency (EIA). It was four percent lower in fiscal years 2012 than the previous year. By contrast, fossil fuel production on state and privately owned lands rose twenty-six percent over the past decade.

Without soliciting public comment, the White House recently raised its estimate of the “social cost of carbon” (SCC), an estimate of the alleged economic damages associated with increasing carbon emissions. Carbon dioxide (CO2) is blamed for a global warming that is not happening. The growth of all vegetation on Earth is dependent on Co2 and, despite an increase in CO2, the Earth slipped into a cooling cycle seventeen years ago. There is NO connection between CO2 and the climate.

The Institute for Energy Research points out that raising the SCC “could impose hundreds of billions of dollars in compliance costs on energy-intensive businesses and American consumers alike.” If you wonder why the economy seems unable to climb out of its slump, this is just one example of an administration bent to using bogus science to justify its war on consumers.

At the gas pump, that war includes a law that requires U.S. refiners to blend 12.8 billion gallons of ethanol—made from corn—into the fuel they sell to domestic consumers. Ethanol actually reduces the mileage per gallon and damages automobile engines.
Refiners do not need all the ethanol the government forces them to purchase. They, in turn, must purchase Renewable Identification Numbers (RINs) whose cost has jumped from seven cents a gallon at the beginning of the year to more than a dollar by March. The cost is passed along to consumers. Ethanol actually reduces the mileage per gallon and damages automobile engines.

Summertime is traditionally a time when Americans drive more, but thanks to the economy which did not respond to the “stimulus” and bailouts during Obama’s first term, they are driving less. Four and a half years after he took office, Obama continues to drive the economy into a ditch.

On June 13, The Wall Street Journal’s page one lead article was “U.S. Oil Notches Record Growth.” Under the normal laws of supply and demand, the price of gas at the pump should be declining. “U.S. crude-oil production grew by more than one million barrels a day last year, the largest increase in the world and the largest in U.S. history.”

You can thank “fracking”, a tested, safe technology—hydraulic fracturing—for the increase in oil and natural gas production. It is, of course, a target of major environmental organizations such as the Sierra Club and Friends of the Earth. After all, who wants affordable, abundant energy?

“Indeed,” reported the Wall Street Journal, “U.S. crude-oil production has raced ahead of new pipeline infrastructure to move it from oil fields to refineries.” In the meantime, “railroads move more crude around the country.” Obama’s delay of the Canadian Keystone XL pipeline is just another example of his anti-energy agenda. The pipeline would connect to Texas refineries and provide an estimated 20,000 construction jobs at a time when millions of Americans are out of work.

In March, Business Week reported that “For the first time since 1995, the U.S. will likely produce more oil than it imports. That’s great for the country’s trade balance, but the benefits of cheap domestic crude still haven’t shown up at the one place it matters most: the gas station…So far this year, gasoline prices have risen eleven percent nationwide, to $3.65 a gallon.”

“Without realizing it, U.S. drivers are competing for American-made gasoline with consumers in Latin America and Asia, where demand is rising.” Thus, the global marketplace for oil is keeping gas prices high and U.S. refineries shipped a record 3.2 million barrels a day of refined fuel this year!

Finally, on top of the Obama administration policies of denying access to drilling on federal land, you will continue to hear that Big Oil is making obscene profits and gauging customers at the pump. “At a time when oil companies are making more money than ever before, how can we justify giving them billions more in taxpayer subsidies every year?” Obama energy and environment adviser Heather Zichel recently asked.

What you are not being told, however, is that the oil and gas industry paid an effective tax rate of almost forty-five percent according to the American Petroleum Institute while the healthcare industry paid about thirty-five percent and pharmaceuticals paid around twenty-one percent. In addition to federal taxes, oil companies pay state and local taxes as well. The “tax loopholes” Greens complain about are available to all other manufacturing and mining companies.

Lying to the American public is the stock-in-trade of Green organizations and those directing the Obama administration’s anti-energy policies. When and if the obstacles to fossil fuel exploration and production are removed, the price of a gallon of gas will drop dramatically while, at the same time, the U.S. economy will gain from the sale of its fossil fuels around the world.
------------------
© 2013 Alan Caruba. Alan is a writer by profession; has authored several books, and writes a daily column,"Warning Signs" disseminated on many Internet news and opinion websites and blogs. He is a contributing author at ARRA News Service.

Tags: gas prices, Obama administration, failed, green agenda, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 8:00 PM - Post Link

1 Comments:

Anonymous Sherry Hill said...

Losing billions on green energy companies is money wasted.

6/22/2013  

Post a Comment

<< Home




Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You Receive One Email Each Morning
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru
Married 48yr #Conservative #Constitution #NRALife #GunRights #USAF 22yr #military #veteran #Christian #CCOT #ProLife #TEAParty #GOP #TCOT #SGP #schoolchoice



Republican Links (*links back)
AR Republican Assembly *
AR Republican Leg. Caucus
AR Republican Party *
AR GOP Hispanic Assembly
AR Young Republicans
Baxter Co. GOP Assembly *
Baxter County Republicans *
Benton Co. GOP Assembly *
College GOP Nat'l Comm
Garland County Republicans *
Nat'l Black Republican Assoc.
Nat'l Fed. Republican Assemblies
Natl Repub. Cong. Comm.
Natl Repub. Senate Comm.
Republican Jewish Coalition
Republican Liberty Caucus
Repub. Natl Comm (RNC)
Repub. Nat'l Hispanic Assembly
AR Repub Hispanic Assembly
Senate Repub. Caucus
US House Republicans
IRAQ Vets for Congress
Arkansas GOP

Action Links!
Arkansas State Senators
AR State Representatives
Arkansas Governor Office
Arkansas Attorney General
Bankrupting America
US House of Representatives
US Senators
Family Research Council
GrassFire
NumbersUSA
Ballotpedia
Judgepedia
Sunshine Review


Facebook Accts - Dr. Bill Smith
Fan Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
End Taxpayer Funding of NPR
Nelda Speaks for State Rep. ...
Prolife Soldiers
Project Wildfire
Republican Liberty Caucus of Arkansas
Sarah Palin for President 2016
US for Sarah Palin
The Gold Standard
Twin Lakes Republican Women
US Atty Gen Eric Holder Must Go
Veterans for Sarah Palin
Misc: Networked Blogs On FB:
ARRA News Service
Blogs For Borders
Conservative Voices
FairTax Nation
Greater Fitchburg For Life
Bill Smith / Ozark Guru
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Arkansas Twin Lakes Area Tea Party
Baxter County Republicans, AR
Blogs for Borders
Bradley County Republicans, AR
#CanISee
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas/
Let's Mine AR Lignite NOW!
Mississippi County Republican Comm, AR
Personhood Initiative
Pro-Life Rocks - Arkansas
Pro Life America 4 Sarah
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.
Save the Nation

Patriots
Exchange
Links

Links to ARRA News
A Patriotic Nurse
Agora Associates
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
America's Whatchtower
An Ol’ Broad’s Ramblings
ARRA Twitter
As A Matter of Fact
As The Crackerhead Crumbles
Baaad Media!
Black & Right
Blogs For Borders
Blow the Trumpet Ministry
Boot Berryism
Chicago Ray Report
Chuck Baldwin - links
Citizen Pamphleteer
Common Cents
Conservative Hideout
Conservative Observer AZ
Conservative Voices
Conway Real Deal
Defeat Obama's Agenda
Diana's Corner
eGOP News
Florida Pundit
Franklin Online Outreach
For God and Liberty
Greater Fitchburg For Life
Guns and Religion
Lasting Liberty Blog
Liberal Isn't Amy
Liberty's Lifeline
Maggie's Notebook
Marathon Pundit
Monkey in the Middle
NASA Satellites
No Runny Eggs
Okie Campaigns
Our Voices Arkansas
Patriot's Corner
ProLifeBlogs
Publius Forum
Randy's Roundtable
Real Debate Wisconsin
Religion and Morality
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sentry Journal
Teresamerica
Stop Obama Satire & Cartoons
The Arkansas Patriot
The Audacity of Logic
The Blue Eye View
The Bobo Files
The Born Again Americans
TEA Party Cartoons
The Conservative Citizen
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Looking Spoon
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
TOTUS
Twitter ARRA
Warning Signs
Women's Prayer & Action
WyBlog
---------------
Twitter Dr. Bill Smith
Twitter Arkansas GOPNetwork
Twitter Boot Berryism
Twitter Sovereignty Alliance


Editor Recommended OrgsPicks
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
Center for Individual Freedom
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Curtis Coleman Institute for Constitutional Policy
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Institute For Justice
Institute for Truth in Accounting
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist Today
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Union Facts



Blogs 4 Palin

ARRA News Service
Frugal Café Blog Zone
House of Eratosthenes
Jefferson's Rebels
MJ Sheppard's 'A Point of View'
Motivation Truth
Motor City Times
My Two Cents Worth
National Tea Party
Palin 4 America
Palin 4 President 2016
Patrick's World USA
NJ for Sarah Palin
Roderic Deane
Sarah Palin Blog
US for Palin
Vets4Sarah.net

Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer


Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to netvibes

Subscribe in Bloglines

Add to Bitty Brouser

Add to The Free Dictionary

Add to Excite MIX

Add to Webwag

Powered by FeedBurner

Powered by Blogger

Politics Blogs
Politics blog


  • How To Exchange Links!
  • Comments by contributors or sources do not necessarily reflect the position of ARRA, its Officers, memberships or the Editors.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2013 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.