RON REAGAN: WE ARE ENERGY RICH! HUSSEIN OBAMA: IF SOMEBODY WANTS TO BUILD A COAL PLANT, I WILL BANKRUPT THEM

Drilling for Natural Gas in New York, 2011: Ron would be pleased.

So Obama claims he’s the new Reagan? Step into my parlor, little fly. Let’s talk ENERGY:

Governor Ronald Reagan, League of Women Voters Presidential Debate, Cleveland, Ohio, October 28, 1980, in response to a question from Harry Ellis, national correspondent from the Christian Science Monitor:

“I do believe that this Nation has been portrayed for too long a time to the people as being energy-poor when it is energy-rich. The coal that the President mentioned: Yes, we have it, and yet one-eighth of our total coal resources is not being utilized at all right now. The mines are closed down; there are 22,000 miners out of work. Most of this is due to regulations which either interfere with the mining of it or prevent the burning of it. With our modern technology, yes, we can burn our coal within the limits of the Clean Air Act. I think, as technology improves, we'll be able to do even better with that.
The other thing is that we have only leased out and begun to explore 2 percent of our Outer Continental Shelf for oil, where it is believed by everyone familiar with that fuel and that source of energy that there are vast supplies yet to be found. Our Government has, in the last year or so, taken out of multiple use millions of acres of public lands that once were — well, they were public lands subject to multiple-use exploration for minerals and so forth. It is believed that probably 70 percent of the potential oil in the United States is probably hidden in those lands, and no one is allowed to even go and explore to find out if it is there. This is particularly true of the recent efforts to shut down part of Alaska.
Nuclear power: There were 36 powerplants planned in this country — and let me add the word "safety;" it must be done with the utmost of safety. But 32 of those have given up and canceled their plans to build, and again, because Government regulations and permits and so forth make it take more than twice as long to build a nuclear plant in the United States as it does to build one in Japan or in Western Europe.
We have the sources here. We are energy-rich, and coal is one of the great potentials we have."

Source.

Senator Barrack Hussein Obama, January 17, 2008, Interview with San Francisco Chronicle:

"Let me sort of describe my overall policy.
What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there.
I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.
So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.
That will also generate billions of dollars that we can invest in solar, wind, biodiesel [Ed.: See Solyndra] and other alternative energy approaches.
The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.
So if somebody wants to build a coal-powered plant, they can.
It's just that it will bankrupt them."

Source.

Results? Well...., let's just examine the price per barrel of crude oil during the Reagan and Obama Presidencies:

REAGAN OIL PRICES:

January 1981: $38.00 per barrel.
January 1989: $18.50

Oil Price Change: Price DROPPED by 51%, over 8 years. And the average for the year 1983 (Reagan's 3d year, comparable to 2011 for Obama) was $29/barrel. A drop of 23%.

OBAMA OIL PRICES:

January 2009: $33.07
October 6, 2011: $82.35

Oil Price Change: Price JUMPED by 148% (ONE HUNDRED FORTY-EIGHT PERCENT), in just 2 2/3 years. We can only imagine where it will be in January 2013.

(Oh, and remember that oil-biz/Halliburton-controlled puppet George W. Bush? When he took office in January 2001, the price per barrel was $28.66…In October 2003 it was $27.07, down 6%.)

Source.

For Obama to compare himself to Ronald Reagan is like a tumor comparing itself to your brain.