(Analyst's note: Troubling. Whatever the truth. The real message here is that the public no longer trusts Mr. Obama.)
What is behind Obama's announcement of today to support off-shore oil drilling?
Later on this morning PresidentObama
will be announcing his support off-shore oil drilling. His announcement will open a door to expanded off-shore oil-drilling on the Atlantic coast and in the Gulf of Mexico. In his announcement Obama will propose further investigations of possible oil rich areas.
Later on this morning President
Obama's reason to drill after he vehemently opposed drilling in the past seems fraught with cynicism. The stated reason of the Obama administration is to "lessen U.S. dependence on foreign oil."
Might the real reason for Obama's change of heart be related to the uproar the White House is anticipating when in a few days the EPA announces a controversial ruling that will declare CO2 as a toxic and which will finalize the emission standards of light trucks, etc. What a devious way to divert the public's attention from what is to come by announcing a policy that the general public is generally in favor of!
The Obama administration is fully aware and is confident that environmentalists will stop in their tracks for years to come through court action any investigative studies into oil exploration.
Obama's strange flip in now calling for drilling expansion is just another ploy by the Obama administration to convince the American people that it is on the side of the American people and businesses.
This is happening all at a time when Americans are being encouraged to buy electric cars which must be plugged into a power source mostly provided by coal-fired power plants and when wind and solar power are being pushed to lessen dependence on oil despite not being cost effective. Wind and solar are not viable sources of energy and would not be the "flavors of the day" if it were not for huge government subsidies.
President Obama's announcement of today is a round about way for Obama to enact some of what is in a climate bill which passed the House last year, but which is still sitting in the Senate.
