Rhetoric vs. Reality:
Does President Obama Really Support an “All-of-the-Above” Energy
June 4, 2012
Chairman Darrell Issa's Preview Statement:
In his 2012 State of the Union Address, President Obama said, “This
country needs an all-out, all-of-the-above strategy that develops every
available source of American energy.” The question for this committee:
Is that goal being achieved, and if not, why not? Today’s hearing will
assess whether or not President Obama’s rhetoric is supported by the
actions of his Administration.
There are signs that this all-of-the-above goal is not being reached and
that the Administration is pursuing a narrower, special-interest,
green-energy-only agenda. Several regulatory actions implemented by
President Obama’s Administration have had the opposite effect, proving
to be more of a none-of-the-above energy strategy.
President Obama frequently states that the U.S. only has two percent of
the world’s oil reserves, but ignores our potential to produce trillions
of barrels--according to the Institute for Energy Research we have
enough supply to meet demand for 200 years. Likewise, President Obama
likes to take credit for an uptick in domestic production—but 96 percent
of U.S. production since 2007 is taking place on non-federal lands. At
the same time, the Administration is closing public lands to exploration
and drilling at an increasing pace.
Economic growth and job creation has been fueled by access to safe,
affordable and abundant energy supplies. Matching our past growth in the
future will require access to that same stream of cheap energy
options—from myriad sources. But that goal cannot be achieved by paying
lip service to all options, while simultaneously favoring one or two at
the expense of those proven time and again to deliver the power our
economy needs to grow.