COMMENTARY | It may be a sign of desperation that President Barack Obama would like to be seen adopting a "try anything" approach to energy production. His re-election may depend on it. But according to USA Today, no one is buying it.
Supporters of oil drilling have slammed Obama's proposals to open up more areas to oil and natural gas production as a smokescreen. On the other hand, environmentalists are alarmed that Obama has even mentioned oil and natural gas production as options.
Obama is still reeling from his rejection of the Keystone XL pipeline, scandals like Solyndra, and just recently the bankruptcy of an administration backed electric car battery-maker, reported by the Hill newspaper. His green energy approach has been a failure.
Why is Obama suddenly in favor, at least rhetorically, of drilling for oil and natural gas. Has he adopted Sarah Palin's ideas expressed by "drill, baby, drill?" Perhaps, but as Hot Air reports, an element of Obama's new policy will financially benefit none other than George Soros, a major Obama campaign contributor and a financier of a number of liberal causes.
Despite the taint of crony capitalism, Obama may have stumbled on a salient fact that has escaped him and his central planning advisers hitherto. One of the reasons for the continuing economic malaise that grips the United States has been Obama's continued restrictions on oil and natural gas production. Wind and solar energy may or may not pan out some day, but right now cars run on gasoline, not solar panels or wind mills.
One suspects that Obama being a born again oil and natural gas drilling enthusiast is an election year ploy, designed as a short term stimulus to his reelection chances and - perhaps - the economy. If he were to be reelected, one should expect a return to restrictions on oil and natural gas production accompanied by more subsidies to more politically correct means of obtaining energy.
Still, the fact that Obama feels the need to seem to have relented on hydrocarbon fuels is a good start. It should prove an incentive for congressional Republicans, not to mention the presidential candidates, to push even further.
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