Most of the frack drilling started in Bush's last two years when gasoline/oil prices started to rise. It takes 3-10 years from contract signing on someones property to actually drilling and coming on line. So, like I said, this is happening in spite of Obama on private property. Actual new contracts and drilling starts are way down because of the flood of gas found the last 5-7 years on private property. Obama might want to claim credit, but he didn't have anything to do with it. This is all private. Now, getting the pipelines built to carry all this is another matter. He is hindering pipeline construction big time with the EPA. Not just the oil but ALL pipelines. Obama spent all the energy departments stimulus money on solar companies, many of whom have gone bankrupt and/or moved to China. If he had spent this on jumpstarting thorium reactor construction, we would be on our way to clean nuke power that is safe. Solar only works in the daytime, and it only works efficiently where there is abundant sunshine (Southwest US) not where most people live. Wind is abundant in the plains states and is already being developed slowly. Nukes are going to have to eventually be used east of the Mississippi where there is not enough sun and wind to produce abundant electricity. Thus the converson to natural gas.
Like I said, gas should be used for vehicles. It is the only viable alternative that is cost effective to gasoline. Same engine, compressed tank cost is offset by not having to use catylitic converters, thus less costly than hybrids. It can be quick filled in about 15 minutes unlike 5-8 hours for electric vehicles. Has more power and greater range than electric vehicles. We can thus eliminate imported fuel keeping all money here to stimulate our economy, not some middle eastern economy.
I also think financing for homes by Fannie and Freddie should only be for semi underground home in hillsides, thus cutting power/gas use in half. This would also save the flat lands for farmland. This is the most cost effective construction for new homes with the quickest results. Also, 2x6 outside walls should be built on all new homes with outside foam insulation instead of fiberglass. R value is more than double thus cutting power/gas use. Lots of easy simple things can be done.
By allowing drilling on government leased land and more in Alaska, you create more jobs, and get us less dependent on imports. Even if some is exported as a trade, it still gives us leverage and more money coming into America than is leaving.
If we applied tarriffs to Chinese goods as a cost add on to cover EPA, and American labor laws, and safety laws, there would be a 40% increase in the cost of their goods. Maybe if someone got the courage to do this, our factories would eventually come back and put us back to work, and bring money back to America.
I've also heard that Chinese workers are demanding more pay and their pay is increasing, so some factories are now moving to SE Asia and to India. There is talk of eventually moving some to Africa the next source of abundant cheap labor.
