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6-9-2009 4:00 AM
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merrie says:
But capacity can be increased only gradually, and that's if more
production is being encouraged rather than prevented.

To think that wind and solar or other alternative fuels can fill the energy gap requires a belief in what Adriel Bettelheim of Congressional Quarterly has called the "Tinkerbell effect," as in Peter Pan. It consists of believing something will happen just because you wish it would.

Wind and solar now provide less than 1 percent of America's energy needs.
The likelihood, based on projections by experts, is that oil and gas must be relied on overwhelmingly to meet the country's energy needs for at least two more decades.

But amazingly enough, the Obama administration is worried about domestic "overproduction" of oil and gas.

So Obama has proposed removing all tax incentives to produce oil and gas, slapping a 13 percent excise tax on all energy derived from the Gulf of Mexico,
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6-9-2009 4:04 AM
merrie
. . . and increasing the corporate tax rate by 3 percent on all companies that produce or process oil and gas.

Salazar has cancelled 77 oil and gas leases that had been issued in Utah. He halted plans to lease the oil shale region in five states after a Shell Oil study concluded there are 1 to 2 trillion barrels there of recoverable oil. He declared the listing of the yellow-billed loon as an endangered species justified, which could limit the development of a huge oil-rich region off the west coast of Alaska.

But that's not all. The Obama administration has decided not to issue leases for gas well drilling on the Roan Plateau in Colorado and has shown little interest in developing the "C...
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