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Tag Archives: energy

President Obama to Visit an Oil Field!!

Updated March 19 at 8:00 am ET

With gasoline prices marching north, President Obama next week will take a break from worshipping the sun and putting his finger to the wind when he actually highlights energy projects that provide lots of energy.

The White House is desperate to repair the damage being done to Obama’s campaign by the price at the pump, and aides have suddenly begun portraying him as a great apostle of oil and gas drilling.

In what may go down as one of the worst political blunders of his presidency, Obama late last year bowed to environmentalists’ pressure and rejected the Keystone pipeline’s route through part of Nebraska, delaying by at least a year a major new source of oil just as gasoline prices started going through the roof.

Wednesday, he’ll be in Carlsbad, New Mexico to inspect oil and gas production fields located on federal lands.

Obama will be in Oklahoma Thursday – yes, Oklahoma – to “discuss his Administration’s commitment to improving and supporting the infrastructure that helps us leverage our domestic resources,” the White House said.

I assume these are code words for the infrastructure to get fossil fuels out of the ground, since he sure ain’t going to Oklahoma for votes. He’s more likely to strike oil.

According to ABC News, Obama will staging a photo op in Cushing, Oklahoma, which is on the Keystone pipeline project’s “southern route,” of which the administration approves.

Of course, the two day trip also features a solar facility and a meeting with people conducting “some of the country’s most advanced energy-related research and development.”

But the White House is clearly eager to show that Obama loves the non-advanced stuff too, since that’s what the country is going to be running on for the foreseeable future.

Obama’s Green Energy Money-Go-Round

Want to make sure you saw this piece in the Washington Post detailing how firms with connections to Obama staffers benefitted from all the money thrown at green energy projects.

From the piece: Sanjay Wagle was a venture capitalist and Barack Obama fundraiser in 2008, rallying support through a group he headed known as Clean Tech for Obama.

Shortly after Obama’s election, he left his California firm to join the Energy Department, just as the administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms.

Following an enduring Washington tradition, Wagle shifted from the private sector, where his firm hoped to profit from federal investments, to an insider’s seat in the administration’s $80 billion clean-energy investment program . . .

During the next three years, the department provided $2.4 billion in public funding to clean-energy companies in which Wagle’s former firm, Vantage Point Venture Partners, had invested, a Washington Post analysis found.

Overall, the Post found that $3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers.

Obama was supposed to change the culture of Washington and end practices such as these. Instead, he changed the websites of Washington.

H/T to Ed Morrissey over at Hot Air, where I found this video.