The White House continues to hint at tapping into the Strategic Petroleum Reserves (SPR) to ease the rise in gas prices. While the escalating price of oil creates hardship and threatens economic recovery, there can be no denial that the President’s energy policies are short-sighted and restrict the advancement of domestic oil production.
The same President who is proposing to release government owned petroleum stocks, which are held for national emergencies, has essentially halted offshore drilling by investor owned companies in the Gulf of Mexico. Instead of slowing the approval process for new offshore drilling permits, the President should be promoting increased domestic energy production from oil, renewables, natural gas, clean coal technology and nuclear power – ultimately leading to an energy independent America.
Expanding our supply of domestic energy would lower costs, reduce our dependence on foreign oil from nations like Libya and create American jobs. This misstep by the White House is yet another example of the Obama Administration’s failure to enact an effective energy policy.
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Member of Congress