Saturday, October 01, 2011

From the article: it was Mr. Hamm's turn to talk briefly with President Obama, "I told him of the revolution in the oil and gas industry and how we have the capacity to produce enough oil to enable America to replace OPEC. I wanted to make sure he knew about this."

The president's reaction? "He turned to me and said, 'Oil and gas will be important for the next few years. But we need to go on to g...reen and alternative energy. [Energy] Secretary [Steven] Chu has assured me that within five years, we can have a battery developed that will make a car with the equivalent of 130 miles per gallon.'" Mr. Hamm holds his head in his hands and says, "Even if you believed that, why would you want to stop oil and gas development? It was pretty disappointing."

Washington keeps "sticking a regulatory boot at our necks and then turns around and asks: 'Why aren't you creating more jobs,'"

MY QUESTION: How can this administration be so out of touch with reality? Is the only solution to vote them out? Is there no turning away from this blindness? Is the legacy of his administration destined to be a period of Mass Ignorance? I don't hold anything against the man personally, I just wish he would quit listening to the people who keep leading him down these primrose paths.
See More
online.wsj.com
In The Wall Street Journal, Stephen Moore interviews Continental Resources CEO Harold Hamm, the discoverer of the Bakken fields of the northern Great Plains, about America's oil future and why OPEC's days are numbered.

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