Obama’s Fantasy Land – Why economy is in real trouble

Russ Steele

The Wall Street Journal has the story HERE about Mr. Hamm, developer of North Dakota’s Bakken Oil fields, and his meeting with President Obama.

When it was Mr. Hamm’s turn to talk briefly with President Obama, “I told him 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.”

Batteries only store energy, they have to be charged by energy sources from some where, be it wind, hydro, or carbon fueled power plants. What will be the power sources in Obama’s fantasy land?

We are a long way, more than five years, from having renewable resources for a battery powered cars, if this 130 mile per gallon car was more than a liberal fantasy.  It does not exist!  So, Obama is making US energy policy based on a fantasy. Now you know why this country is real economic trouble, we are being led by someone who believes in fantasies.  Alternate technology takes time to develop and there’s zero chance we’ll all be driving electric vehicles in 5 years.

Advertisements

About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: