Planet Gore

Sen. Stabenow’s ‘Big Oil’ Snake Oil

Assuming public ignorance and press obedience, Michigan senator Debbie Stabenow has joined other Washington Democrats in launching a dishonest attack on her favorite punching bag — Big Oil — that blames the petroleum industry for increased gas prices while proposing a solution that would drive costs up even further.

The shrill senator has announced plans for legislation repealing what she calls oil subsidies and forcing federal leaseholders to drill for oil or lose their lease.

“We need to stop oil companies from padding their profits with taxpayer dollars, increase domestic drilling, get tough on market manipulators, and continue to promote clean energy that reduces our dependence on foreign oil and creates jobs in Michigan,” said Stabenow in ridiculing the $4 billion dollar annual federal subsidy to the oil industry.

But what she didn’t say — and her Michigan press parrots failed to report — is that the oil breaks pale in comparison to the massive subsidy Big Green Stabenow and her allies already hand out, even though green fuels produce a tiny fraction of American power.

A study by the independent Energy Information Agency, reports the Wall Street Journal, “found that ethanol and biofuels receive $5.72 per British thermal unit of energy produced. That compares to only three cents per BTU for . . . other petroleum liquids.”

Read more at The Michigan View here.

Henry Payne — Henry Payne is the auto critic for the Detroit News.

Most Popular

Sports

The Dominant-Sport Theory of American Politics

I think it’s safe to assert that President Trump has an unfortunate tendency to do and say (and tweet) embarrassing things. When he does, we all join in the condemnation, and often it’s not so much for the substance as for the style. The president of the United States should be dignified, measured, slow to ... Read More
World

Why Does Russia Build So Many Doomsday Weapons?

While America’s ruling and chattering classes were chasing Moose and Squirrel, back on planet Earth the Russians have been busy building a doomsday bomb. As Vladimir Putin alluded to in his March 1 address to the Federal Assembly, the Russians have developed, among other “superweapons,” a Doomsday ... Read More
World

Enoch Powell’s Immigration Speech, 50 Years Later

The 20th of this month marks a significant anniversary in Britain. For it is the 50th anniversary of what is probably the most famous -- and certainly the most notorious -- speech by any mainstream politician since the war. On April 20, 1968, Enoch Powell gave a speech to the Conservative Political Centre in ... Read More
Economy & Business

A Trump Trade and Economic Doctrine

If the Treasury Department’s recent semiannual report is any guide, the Trump administration still doesn’t quite get it when it comes to trade imbalances. “The US government has all the tools it needs to achieve balanced trade without risking a trade war,” writes Joseph Gagnon for the Peterson Institute ... Read More
Politics & Policy

The Comey–Trump Dance

I never thought the Comey book would make much news for the simple reason that it would be outrageous if it did. If Comey knew something relevant and important about the Russia investigation that we didn’t already know, he couldn’t possibly put it in his book. Let’s say he did have something big on the ... Read More