Investors Business Daily Op-Ed: Inflation: “We’ve chastised President Obama many times for failing to live up to promises he made when running for the office. So in fairness, we want to credit him for fulfilling one of them: his pledge to raise energy costs.
According to the Bureau of Labor Statistics, the energy price index has been higher than the overall Consumer Price Index since December 2010 — 46 straight months and counting.”
Opinion: The president waged a war on coal and fossil fuels. He wants 80 percent of U.S. electricity to come from renewable energy sources by 2035 and has already invested billions of taxpayer dollars, created more than 700 government programs, and populated his administration with environmental wackos and Wall Street bankers to ensure his success.
What is interesting is that if the recent drop in global oil prices continues, wind and solar energy sources will become even less attractive, making skyrocketing energy prices even more ridiculous.