President Obama put his personal political interests ahead of improving our country’s economic climate.
His decision also relegates the U.S. to continued reliance on oil from volatile nations in the Middle East, where unrest, chaos and Iran’s threats to block the oil supply moving through the Strait of Hormuz are driving gas prices ever closer to $4 a gallon.
It’s all reflective of a wrong-headed approach that vilifies energy companies, ignores the realities of energy markets, squeezes the pocketbooks of struggling Americans, and doesn’t take us one step closer to energy independence.
In Texas, our approach has been steady and consistent, an “all of the above” energy portfolio that cultivates a vibrant energy market that includes traditional sources, as well as wind, solar and biomass.
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