Time to Get Tough, by Donald Trump: on Energy & Oil
Barack Obama:
Cap-and-trade will cause electricity rates to skyrocket
The Obama administration wants higher energy prices because they believe that will force America to drive less and businesses to slow down on production and transportation.Remember Cap-and-Tax (or as they called it Cap and Trade)? When he was
campaigning to become president, Obama outright admitted that his plan to tax businesses on carbon emissions that exceeded his arbitrary cap would drive energy prices sky high. Here's exactly what he said:
"Under my plan of a cap and trade system,
electricity rates would necessarily skyrocket, even regardless of what I say about whether coal is good or bad, because I'm capping greenhouse gases, coal-powered plants, natural gas, you name it. Whatever the plants were, whatever the industry was, they
Source: Time to Get Tough, by Donald Trump, p. 15
Dec 5, 2011
Barack Obama:
OpEd: $525M to Solyndra solar panels, a big Obama donor
Obama promised he was going to create millions of so-called "green collar" jobs. He used that promise to justify his massive government giveaway of billions of taxpayers' dollars to green energy companies. We're now seeing the results of Obama's promise
big government scheme. Solyndra, a US solar panel company, turned out to be a total bust. They were selling $6 solar panels for $3. It doesn't take a genius to realize that's a loser of a business model. But Solyndra's owner, billionaire George Kaiser,
had an inside connection with Obama: Kaiser was a big Obama donor and one of the president's campaign fundraiser "bundlers." So the Obama administration fast-tracked a $535 million federally guaranteed loan. Obama believed so much in Kaiser and
Solyndra that the made a big public relations event singing the praises of Solyndra & green jobs. Predictably, the company went bankrupt, its 1,100 workers lost their jobs, & the American taxpayer got the shaft, to the tune of over half a billion dollars
Source: Time to Get Tough, by Donald Trump, p. 16-18
Dec 5, 2011
Donald Trump:
No Cap-and-Tax: oil is this country's lifeblood
As crazy as it sounds, the Obama administration wants higher energy prices because they believe that will force America to drive less and businesses to slow down on production and transportation.Remember Cap-and-Tax (or as they called it Cap and
Trade)? [In 2008], Obama outright admitted that his plan to tax businesses on carbon emissions that exceeded his arbitrary cap would drive energy prices sky high. Here's what he said:
"Under my plan of a cap and trade system, electricity rates would
necessarily skyrocket, even regardless of what I say about coal, because I'm capping greenhouse gases. Whatever the plants were, they would have to retrofit their operations. That will cost money. They will pass that on to consumers."
Most of us shake
our heads in disbelief at this stuff.
Until we get this country's lifeblood--oil--back down to reasonable rates, America's economy will continue to slump, jobs won't get created, and American consumers will face ever-increasing prices.
Source: Time to Get Tough, by Donald Trump, p. 15-16
Dec 5, 2011
Donald Trump:
Jobs will slump until our lifeblood--oil--is cheap again
Until we get this country's lifeblood--oil--back down to reasonable rates, America's economy will continue to slump, jobs won't get created, and American consumers will face ever-rising prices.Obama promised he was going to create millions of
so-called "green collar" jobs. He used that promise to justify his massive government giveaway of billions and billions of taxpayers' dollars to green energy companies. We're now seeing the results of Obama's promise and big government scheme.
Source: Time to Get Tough, by Donald Trump, p. 16-17
Dec 5, 2011
Donald Trump:
Enough natural gas in Marcellus Shale for 110 year supply
Did you know that with the natural gas reserves we have in the United States we could power America's energy needs for the next 110 years? Those aren't my estimations, that's what the
United States Energy Department's Energy Information Administration says. In fact, one of the largest mother lodes of natural gas, the Marcellus Shale, could produce the energy equivalent of 87 billion barrels of oil.
Some critics believe those numbers might be inflated. Fine. Let's say the real number is fifty-five years of energy. Or that we only get 43 billion barrels' worth of energy.
So what? That buys us more time to innovate and develop newer, more efficient, cleaner, and cheaper forms of energy.
Source: Time to Get Tough, by Donald Trump, p. 24
Dec 5, 2011
Donald Trump:
Libya: No oil, no support; no exceptions
Qadaffi is dead and gone. So what? We have spent more than $1 billion on the Libya operation. And what are we getting in return? A huge bill, that's what. It's incredible how foolish the Obama administration is. Libya has enormous oil reserves.
When the so-called "rebels" came to NATO (which is really the U.S.) and asked for help to defeat Qadaffi, we should have said, "Sure, we don't like the guy either. We will help you take out Qadaffi.
But in exchange, you give us 50 percent of your oil for the next twenty-five years to pay for our military support and to say thank you for the United States doing what you could never have done on your own."
The "rebels" would have jumped at the offer and said yes.Imagine the amount of oil we could have secured for America. Our policy should be: no oil, no military support.
Source: Time to Get Tough, by Donald Trump, p.102
Dec 5, 2011
George W. Bush:
2008 NOPEC anti-cartel bill would spark retaliatory action
Currently, bringing a lawsuit against OPEC is difficult. A 2002 federal court ruled that "states of OPEC are afforded immunity." Congress should pass the "No Oil Producing and Exporting Cartels Act" (NOPEC, S.394), which bans foreign governments from
acting collectively to limit production or set prices. The bill would clear the way to sue member nations of OPEC for price-fixing.Here's the good news: since 2000, this bill has passed the Senate Judiciary Committee 4 times with bipartisan support,
and in May 2008, the NOPEC bill passed in the House. Now the bad news: Pres. George W. Bush got spooked and threatened to veto the bill because he was afraid that, with the wars in Iraq and Afghanistan raging, NOPEC might spark "retaliatory action."
Bush's fear was misguided. First of all, these oil shakedown artists need and want our money. What are they going to do? Fold their arms, throw a temper tantrum, and refuse to sell us their oil and be out billions of dollars? Give me a break.
Source: Time to Get Tough, by Donald Trump, p. 21-22
Dec 5, 2011
Page last updated: May 20, 2016