Steve Forbes | Barack Obama Repeating Jimmy Carter’s Mistakes

Steve Forbes | Barack Obama Repeating Jimmy Carter’s Mistakes

You need to watch only a few minutes of cable news analysis to realize just how ludicrous our national energy policies have become. As escalating tensions and chaos unfold in Egypt, Libya and other Middle Eastern nations, one energy analyst suggested that if Libyan oil supplies were to fail, the United States would rely on Saudi Arabia for its oil needs. If that statement alone doesn’t put U.S. leaders on red alert, the looming national energy crisis may soon become reality.

The Obama administration is repeating the mistakes of President Jimmy Carter’s failed energy policies, which marred his term and stigmatized the 1970s. They are leading us straight into another national energy disaster.

Key members of the Obama administration believe this friction abroad underscores the need to move away from oil and gas entirely and shift to boutique forms of alternative energy. Their lack of political will to drill for oil and gas compromises our national security and jeopardizes economic recovery.

It skirts the colossal elephant in the room: Oil and natural gas produced here in the United States are likely to still account for at least 57 percent of domestic energy consumption by 2035. Not to mention that energy production here can relieve the U.S. from the dangerous grip of foreign petro dictators.

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