Reno Hayek Symposium

What is the legitimate cost of energy independence? Who will pay it? Is it efficient? What are its unintended consequences? All are questions that aren’t being asked or considered. 

Seldon Graham’s March 13th article in American Thinker give us a good start on the search for correct answers

President Obama’s biofuel and oil policy is on a collision course to a national catastrophe.  Yet, the alarms are not sounding and the red lights are not flashing.

Secretary of Energy Steven Chu is not warning Obama that his oil policy will increase our dependence on foreign oil.  Lisa Jackson, Administrator of the Environmental Protection Administration, is not alerting the President that his oil policy will increase carbon dioxide emissions.  National Security Advisor James L. Jones is not cautioning the President that his biofuel and oil policy increases the US vulnerability to a Second Arab Oil Embargo. Christina Roner of the Council of Economic Advisors is not counseling Obama that his biofuel policy continues a 30-year-old blunder wasting taxpayers multiple billions of dollars annually.  Secretary of Agriculture Tom Vilsack is not warning the President that his biofuel policy is doomed to failure because of the impossibility of providing sufficient bio products.  Secretary of the Interior Ken Salazar is not advising Obama that his tax on oil will destroy proven US oil reserves.

Why aren’t the alarms sounding and the red lights flashing?  It is probably because of the lack of knowledge and experience on these specific subjects by the new appointees.   All must be given benefit of any doubt that their duty and loyalty lies with the United States of America instead of their political party or its head.

President Obama’s energy policy is to eliminate our dependence on foreign oil imports by eliminating oil and replacing oil with alternative renewable “clean” biofuel.  That sounds good in speeches.  It is quite impressive to all those who know little about oil or biofuels, which includes the majority of the public.  The devil, of course, is in the details which no one seems to have investigated. 

via American Thinker: Obama’s energy policy will increase dependence on foreign oil.