January 20, 2017
Barack Obama's Dismal Energy Legacy
By Jeffrey Folks
In a laughable Wall Street Journal op-ed ("How Using Less Oil Helps the Economy"), two Obama advisers proclaim that forced reductions in energy usage benefit American consumers. Due to restrictions such as EPA fuel standards, drivers are using slightly less oil than they were in 2008. The Obama advisers, Brian Deese and Jeff Dients, claim that forced conservation has "played an important role" in keeping oil prices low. All in all, they argue that fuel economy mandates and other strong-arm tactics have been good for Americans.
If you like your truck, forget about it – you can't keep it. Obama has already driven many of the large trucks and cars off the roads. The luxury Lincoln Towncar and Cadillac DTS are now distant memories, though in 2008 they were spectacular top-of-the-line vehicles. The EPA plans to continue tightening mileage standards on cars and trucks, ramping up mileage mandates on light-duty vehicles overall by 10 miles per gallon by 2025. If not reversed, these fuel standards will transform the nature of the American fleet, and not for the better. By 2025, Americans on average will be forced to purchase a Toyota Prius or smaller vehicle. Each large truck sale will have to be offset by something on the order of a Chevy Volt or Nissan Leaf.
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