Thanks to commenter JackL for the reminder; that Jeanne “no oversight” Shaheen, Barack ‘Boondoggle’ FauxBama and the Democrats have always relied on the lie that rising energy prices were the result of “Evil Oil Speculators.”
Isn’t what Mr. Obama, Secretary Chu, and Senate Energy Committee maven Greene Jeanne Shaheen have done, energy speculation? Aren’t they energy speculators? What else do you call investing tens of billions in the future value of green energy? It’s energy speculation.
Well how is that working out so far?
The Evil oil speculators risk their money on the price of something that goes up and down, but to its credit, actually produces energy we can use and even at its highest price, was still significantly cheaper than any of the green alternatives.
The Evil Green Energy Speculators (Obama, Greene Shaheen, etc.) risked tens of billions in taxpayers dollars (not their own money), during a recession, on extremely expensive, inefficient, limited use technology, made by poorly run companies with close ties to the political party and President who pushed the ‘investment,’ most or all of whom have now spent our money, collapsed, or filed for bankruptcy.
What the Democrats have done is, without a doubt, energy speculation. But from where I sit, only one of them is actually evil.