Posh - I think it would be more accurate to say that our energy problems 5-10 years from now would be the fault of this President. Anything he would do would take that long to take effect whether it's drilling, pipelines, subsidized nukes or whatever else you can think of. Doing nothing (ok, the AEC just licensed a new nuke in Georgia and it looks like a new one in Utah will get the go-ahead) means that, 10 years from now when we're still complaining, it'll be because of Obama.

Originally Posted by djplong

Posh - I think it would be more accurate to say that our energy problems 5-10 years from now would be the fault of this President. Anything he would do would take that long to take effect whether it's drilling, pipelines, subsidized nukes or whatever else you can think of. Doing nothing (ok, the AEC just licensed a new nuke in Georgia and it looks like a new one in Utah will get the go-ahead) means that, 10 years from now when we're still complaining, it'll be because of Obama.

Perhaps, and I'm no Wall Street follower, but maybe if they announced that exploration, drilling and more leases, that oil prices would drop.

It depends. We've seen an *announcement* of drawdowns form the SPR (Strategic Petroleum Reserve) have an effect (post-Katrina) but it's a bit fuzzy. Iran threatening to close the Straits of Hormuz has an immediate effect on prices. The fact that they've never done it generally means the spike will eventually pass. The fact that Iran could pursue policies that end up with them being bombed back to the Stone Age would have even more unpredictability.

Posh8,yes the president bears some resposibility in this energy crisis. He has made mistakes and I think he has been unclear on his views with regards to energy policy or hasn't been forceful enough in explaining them. You seem surprised that I would lay some of the blame on the President. Unlike some others,three come to mind,I do not have a closed mind when it comes to our President.

Originally Posted by waynet

Posh8,yes the president bears some resposibility in this energy crisis. He has made mistakes and I think he has been unclear on his views with regards to energy policy or hasn't been forceful enough in explaining them. You seem surprised that I would lay some of the blame on the President. Unlike some others,three come to mind,I do not have a closed mind when it comes to our President.

Good for you. There's plenty of blame to go around, and he has to get some of it.