What Obama Didn’t Say
Ernest Istook /
President Obama keeps trying to make our electric bills skyrocket. Now he’s seized on the BP fiasco as an excuse to do it. According to Obama, the Gulf of Mexico gusher proves we need billions more to subsidize green energy. That was the President’s claim in his big Pittsburgh speech.
He didn’t tell the audience about his previous admission that electric bills will “skyrocket” under his plan. Or that our government continues to block access to immense onshore oil and gas reserves that don’t require the risks of deep-sea drilling.
Obama’s exact words in 2008 were, “under my plan of a cap and trade system, electricity rates would necessarily skyrocket”. Converting fossil fuel plants, he said, “will cost money; they will pass that money on to consumers.” (more…)