Thursday, April 21, 2011

Barack Obama and Gulf Oil Moratorium - #2833 - VIDEO: Year After Oil Spill, Obama Energy Policy Endangers Economy - Heritage Foundation (2) $6.00 Gas? Could Happen if Dollar Keeps Getting Weaker - CNBC (3) VIDEO: The American Dream is in Jeopardy - Heritage Foundation


Year After Oil Spill, Obama Energy Policy Endangers Economy - Heritage Foundation - A year ago today, an explosion on the Deepwater Horizon oil rig in the Gulf of Mexico cost the lives of 11 men and threatened untold damage to the ecosystem. It was an unprecedented disaster, and the tragic loss of life it entailed made it all the more imperative that such an accident never repeat itself. In the immediate aftermath of the catastrophe, the disaster response proved heroic: The crew of a Tidewater supply vessel rescued the 115 survivors of the explosion in little more than an hour. But in the weeks and months that followed, crisis management proved significantly less adept. It took 87 days to cap the rig’s exposed oil well, which steadily spilled oil into the Gulf. And as The Wall Street Journal reports today, the effects of the Obama Administration’s response to the spill are more apparent now than ever, with offshore oil production down 13 percent and crude oil prices up 33 percent.  Read more........

$6.00 Gas? Could Happen If Dollar Keeps Getting Weaker - CNBC -  A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions. With the greenback coming under increased pressure from Federal Reserve policies and investor appetite for more risk, there seems little direction but up for commodity prices, in particular energy and metals. Weakness in the US currency feeds upward pressure on commodities, which are priced in dollars and thus come at a discount on the foreign markets. One result has been a surge higher in gasoline prices to nearly $4 a gallon before the summer driving season even starts, a trend that economists say will be aggravated as demand increases and the summer storm season threatens to disrupt oil supplies.  Read more........


The American Dream is in Jeopardy - Heritage Foundation - Companies like General Electric and Caterpillar might sound as American as apple pie, but like many other multinational firms, which employ a fifth of all American workers, they’re cutting back on their domestic workforces and increasing hiring overseas. That disturbing trend points to a serious problem in the United States: the Land of the Free is not the attractive place to do business that it once was.  Big government policies are setting us on a path away from a fundamental freedom we cherish—one the Founders strove to preserve. It’s the freedom to pursue the American dream—economic freedom—that, tragically, is in jeopardy.  Read more........

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