Notice GOP’s Silence On Oil Lately? Obama Did The Unthinkable: Cheap Gas AND Renewable Energy

AUTHOR: JAMESON PARKER MARCH 14, 2015 11:47 AM

Conventional wisdom once suggested that being aggressive on expanding America’s renewable energy potential meant sacrificing its focus on oil. Critics, largely shouting from right-of-center, accused liberals of undermining the American economy and hurting national interests by working to expand things like solar and wind. Hardly anyone is saying that any more… because Obama’s presidency has blown that idea out of the water.

You may have noticed recently that your price at the pump has been a lot lower than it had been. In the last months of 2014, the price of gas was in freefall, which in turn had acted like a booster shot to the arm of the economy. The stock market soared; companies began hiring at faster and faster rates (they are now complaining that they can’t find enough workers to fill their payrolls); and more importantly, average Americans saved thousands of dollars.

Prices have begun to creep up again, although much more slowly than they had fallen, but a new report looking at oil reserves found that the oil industry is booming so big right now that companies are literally running out of places to put the oil they’ve extracted.

For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country’s main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last month. (source)

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President Obama has spent both terms working to constantly ramp up America’s solar energy capabilities. Given our nation’s large expanses of extremely sunny, arid areas (think Arizona, Nevada, and New Mexico), many energy scientists believe solar could be the key to America’s break from oil dependency. To capitalize on that potential, the Obama administration has been pouring money into solar. The results speak for themselves.

According to a recent review, between the years of 2010 and 2014, America’s solar capacity grew by a staggering 418%. That’s still a far cry from where solar leaders like Germany and China are at, but it shows that America is not only willing but able to compete in what will surely be the next frontier of energy production.

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