Mr. H.
Diamond Member
Finally, some substance! Okay, but what makes all of the other examples from PolitiFact harmful? What makes them failures? Obviously, Obama is not perfect, but I am pretty far from believing his energy policy was a failure altogether.
I appreciate you recognizing my points.
I'm not going to pick apart the link you gave in your first post, but here's a few more comments:
The partnership will also look for ways for nations to coordinate to transport green energy across national borders...
Obama has delayed a decision on the XL pipeline extension. Not cool.
Canadian tar-sands oil will be developed regardless. The question is, does the U.S. recognize the importance of bringing this oil into our country as opposed to the Canadians exporting it to China? There's no rational reasoning behind delaying the pipeline. It means secure North American energy, less imports from aggressive nations such as those in the Middle East and South America, and it means JOBS.
Enact windfall profits tax for oil companies
We've already seen how this failed for Carter. He syphoned billions in revenue from oil and gas companies with such a tax- resulting in massive industry layoffs, reduced domestic production, and increased imports.
It's not a "tax"-- and it's not based on profits. It is a direct confiscation of private property.
Release oil from Strategic Petroleum Reserve
The Reserve was not created as a mechanism to manipulate oil or gasoline prices or to buy votes. It's a strategic reserve and should be protected as such. If you want more product in the market, produce it from new discoveries within the U.S.
Of course, you do realize that taxes go somewhere right? They do help the country. It's not like the government sticks them in a mattress somewhere.
Hydrocarbon production is already one of the most (if not THE most) heavily taxed sectors of our economy. Levying yet more taxes would bleed away revenues needed to help Obama achieve his goals- reduce imports, stimulate the economy, and create jobs.