Drill Now. Go here to send a letter to your lawmaker.
From IBD and government:
According to the Energy Information Administration, solar energy is subsidized to the tune of $24.34 per megawatt hour and wind energy by $23.37.
By contrast, natural gas gets a mere quarter, hydroelectric about 67 cents and nuclear power $1.59. Wind and solar, despite all their subsidies, contribute less than 1% of our total electricity generation.
Barack Obama wants to increase gas prices through a windfall profits tax that consumers will wind up paying and, as it did in the Carter era, decrease supply and increase our dependence on foreign oil.
In his latest gaffe, Obama told CNBC he didn’t really object to $4 gas, just that it occurred too quickly. Obama said: “I think that I would have preferred a gradual adjustment.”