Mr. H.
Diamond Member
Obama has laid out $90 in punitive tax measures directed at the oil and gas industries.
I hardly call this "energy policy".
40% of US corn crops is diverted to ethanol production. Still, 20% of ethanol produced is exported.
Grain prices are at near record levels, effecting a host of industries and products.
"Require drilling on current oil and gas leases" - further proof he knows jack shit about the industry.
No- the guy is a major failure.
I don't see how those examples make him a "major failure"
Selectively hitting oil and natural gas businesses with a $90 billion dollar tax burden is hardly successful energy policy. You don't penalize an industry that is critical to achieving your stated goals: increased production, reduced imports, and job creation.
Ethanol has run its course. It's costly, has a zero-net energy return, drives up commodity prices, takes grain out of domestic and world markets where it's needed, and was just a stick-stupid concept to begin with.
Oil and gas leases are acquired in "Blocks", assessed and analyzed- with the most promising areas drilled first. Tens of thousand of acres are required to generate a prospect that is fractionally smaller than the entire Block.
Obama doesn't know what he's doing, and you don't know what you're talking about.
Even if that were true, there is no way in hell they could have created that many jobs in 3 years. Do you have a link to prove that?