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18 NORTH from 6

week, the president said, “The biggest thing that’s causing the price of oil to rise right now is instabil- ity in the Middle East.” But instead of explain-

THE WEIRS TIMES & THE COCHECO TIMES, Thursday, March 15, 2012

ing how increased jeop- ardy inevitably increases risk -- and therefore in- surance and cost in the marketplace -- populist shills for the White House blamed “Wall Street spec-

Hydraulic Hoses Made To Order

Welding & Fabrication

ulators” for pushing the price of crude oil to $107 per barrel. On March 6, the president announced that he has tasked Attor- ney General Eric Holder to “pay attention to potential speculation in the oil mar- kets.” But the blame game doesn’t stop there. According to the admin-

  

 

 

 


istration’s flawed logic, those in the business of exploring, drilling, refining and delivering oil are also responsible for our pain at the pump. In a now-famil- iar mantra, he says, “Right now, $4 billion of your tax dollars goes straight to the oil industry every year -- $4 billion in subsidies that other companies don’t get.” Set aside for a mo- ment the financial perils of searching for oil in an unstable world, boring deep into the earth to what may be a “dry hole” and then shipping whatever is found through pirate- infested waters. Now try to

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ascertain how eliminating tax incentives for oil com- panies to take these risks would reduce the price we pay at the pump. If the an- swer eludes you, don’t feel bad; you’re not alone. Added to these populist themes is the Obama ob- session with “green energy alternative fuels.” Last week, a day after Obama promised to buy and drive an electric-powered Chev- rolet Volt once he is out of office, General Motors suspended manufactur- ing of the vehicle, citing “oversupply.” In other words, American consum- ers aren’t buying enough of the government-subsi- dized cars to make it worth keeping the production lines open. The Obama fix: a new government subsidy to compensate individuals and local and state govern- ment agencies “to make the shift to more energy- efficient cars.” Notably, Obama an-

nounced this new program during a campaign event at a Daimler truck plant in North Carolina, which makes long-haul Freight-

liner trucks powered by compressed natural gas -- the least expensive, most abundant fuel, after coal, available in North America. Yet our supposedly “tech- savvy” president failed to mention an advance advocated by private in- dustry to produce liquid methanol from natural gas for powering cars and light trucks. As former national security adviser Robert McFarlane noted in The Wall Street Journal last week, methanol is safer and less expensive than gasoline at current prices. Best of all, not one cent

of what we would spend to get to work in a methanol- fueled car would go to fund the jihad being waged against us. If Obama wants to see how well this works, he should make a cam- paign stop at any NASCAR track.

Oliver North is the host of

“War Stories” on Fox News Channel, the founder and honorary chairman of Free- dom Alliance, and the au- thor of “American Heroes in Special Operations.”

Fridays at Camp it’s...

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Martinis only $5 with a food purchase.*

*Applies to martinis made with “well’ and “call” liquors. Not valid with other discounts or promotions.

at Chase House, Meredith, NH (603)279-3003

Mondays at Lakehouse!

*We reserve the right to encourage responsible consumption. Offer available only with the p of food.

at Church Landing, Meredith, NH . (603) 279-5221


WEDNESDAYS Any Bottle of Wine Half-Price with purchase of an entrée! Every Wednesday after 5 p.m.

at Lago, Foster’s Boiler Room and Common Man Restaurants in Ashland, Concord, Merrimack & Windham

Lago at Inn at Bay Point . Meredith, NH . 1 US Route 25, 279-2253

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