"At a critical time for America's energy future, Obama's proposed
energy platform is likely to damage the economy, drive energy prices
higher, and move us further away from energy independence and economic
Behind Obama's recent claim that he supports a "sustained,
all-of-the-above strategy that develops every available source of
American energy," lays a war against traditional fossil-based energy
sources like oil, which he has publicly stated to be a "fuel of the
For example, Obama continues to demonize and target the oil and gas
industry for punitive tax treatment, while showering the politically
favored "green" energy sector with preferential tax subsidies, tax
credits, and public funding increases.
The reality is that our economy will continue to rely overwhelmingly on traditional energy sources in the 21st century.
Obama might wish for an energy future of alternative energy, but the
scientific and economic realities suggest that the "fuels of the future"
will mostly be the same as the "fuels of the past" — dependable and
low-cost oil, natural gas, coal and nuclear."