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Obama’s Energy Speech: Pledges to Cut Oil Imports, Drill for Green Ingenuity Domestically

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By Doug Powers  •  March 30, 2011 02:41 PM

**Written by Doug Powers

If you don’t have the time to watch or read Obama’s entire energy speech, here’s the whole thing in a nutshell: “You’re buying a f*#@*!g Volt if you like it or not!”

If you do have a couple of minutes, read on…

Imagine if, in 1961, President Kennedy had said the following: “I believe this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and then harnessing ingenuity to figure out how to return him safely to the Earth after he gets there.”

That’s what President Obama’s “challenge” of cutting oil imports and replacing it not with domestic drilling, but rather a wildly expensive ‘green’ player to be named later sounds like:

So today, I’m setting a new goal: one that is reasonable, achievable, and necessary. When I was elected to this office, America imported 11 million barrels of oil a day. By a little more than a decade from now, we will have cut that by one-third.

I set this goal knowing that imported oil will remain an important part of our energy portfolio for quite some time. And when it comes to the oil we import from other nations, we can partner with neighbors like Canada, Mexico, and Brazil, which recently discovered significant new oil reserves, and with whom we can share American technology and know-how.

But our best opportunities to enhance our energy security can be found in our own backyard. And we boast one critical, renewable resource the rest of the world cannot match: American ingenuity.

To make ourselves more secure – to control our energy future – we will need to harness that ingenuity. It is a task that won’t be finished by the end of my presidency, or even the next. But if we continue the work that we have already begun over the last two years, we won’t just spark new jobs, industries and innovations; we will leave your generation and future generations a country that is safer, healthier, and more prosperous.

What will the US replace almost four million imported barrels of oil per day with if we’re not going to drill more domestically? Ingenuity. Sounds reasonable, provided anybody can invent a car or jet that runs on ingenuity. Drill for oil domestically in the interim at least? Nah, we’re way too ingenious to have to resort to that.

The promise of creating “green jobs” (which is snipe hunting for the new millennium except far more profitable for those who organize the hunt but will bankrupt the hunter) has caused “ingenuity” itself to become a commodity instead of a byproduct of free people in a free market that leads to tangible advances.

“Ingenuity” is vague and unquantifiable, which makes it the perfect product for greens to peddle — because it isn’t a product at all, just a promise of a product somewhere down the line. Eventually it’s discovered that the only ingenuity involved in any of this was in putting together the scheme itself, but by then we’re faced with a choice of paying $10 a gallon for gas or spending $50,000 on a golf cart electrified by kumquats and burning coal, but mostly burning coal. If that’s ingenuity, we need to find some stupid, and fast.

Changing the subject slightly, President Obama today said that Energy Secretary Chu “actually deserved his Nobel Prize.”

Click the pic to watch:

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Note: The caption underneath that says “storms over the Gulf” is purely coincidental, although somewhat fitting given the unwavering stance on the drilling moratorium.

**Written by Doug Powers

Twitter @ThePowersThatBe

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