America’s energy challenges are getting more and more serious every day, and yet the Obama administration just doesn’t get it. Please see this informative article that sheds light on one aspect of the president’s problem. It starts by explaining our energy demand will increase, and oil will be part of that demand.
“Well, what do you know? The Obama administration, whose entire energy posture going back into the presidential campaign has been both ideologically and practically stridently anti-oil, both as an industry and as a form of energy, has suddenly become ‘concerned’ about China’s oil grab.
This is, to say the least, disingenuous.
The U.S. government under Barack Obama has yet to acknowledge once, in spite of widely held estimates, that oil will continue to account for 40% of world energy demand 25 years from now — this while total world energy demand will increase by 50%, at least.”
Read the rest here. I look forward to hopefully hearing President Obama acknowledge America’s need to ramp up domestic energy production, including oil and natural gas developments, during Wednesday’s State of the Union address. Let’s hope his advisers advise him accordingly.