Monday, October 10, 2011
Barack Obama - And his thinking on oil
Alternative energy is a noble cause for the future.
Unfortunately, thinking like this is hurting us now...
Unfortunately, thinking like this is hurting us now...
Abby W. Schacter reports this and more in the N.Y. Post:
"At a meeting at the White House, as Hamm told the Wall Street Journal, 'I told [Obama] of the revolution in the oil and gas industry and how we have the capacity to produce enough oil to enable America to replace OPEC. I wanted to make sure he knew about this.'
The president's reaction? "He turned to me and said, 'Oil and gas will be important for the next few years. But we need to go on to green and alternative energy. [Energy] Secretary [Steven] Chu has assured me that within five years, we can have a battery developed that will make a car with the equivalent of 130 miles per gallon.'" Mr. Hamm holds his head in his hands and says, 'Even if you believed that, why would you want to stop oil and gas development? It was pretty disappointing.'"
