Contact: Deborah Hamilton, 215-815-7716, 610-584-1096, dhamilton@hamiltonstrategies.com

WESTTOWN, Penn., Feb. 24, 2011 /Christian Newswire/ -- Dan Celia, financial expert, national radio host and author, describes the oil crisis in the U.S. in ways that few others dare to describe it.

Celia, President and CEO of Financial Issues Stewardship Ministries, states, "We have seen our oil output decrease 13 % last year and it's likely to go lower in 2011. The industry has been burdened by intentional bureaucracy and we have seen a cut of 220,000 barrels a day in our production. This is keeping us even more dependent upon foreign oil and that is a slippery slope."

One oil driller in the gulf is filing for bankruptcy claiming that the Administration's regulations have damaged their business. Many others are contemplating moving their rigs to foreign shores or have already moved them. At the same time the U.S. is sending more money off-shore for foreign oil, and we are being threatened by a reduction in oil production causing political unrest and uncertainty in the market at the height of our debt crisis.

Celia adds that, "This country has never seen a threat this damaging to our economy before and this Administration has willingly given up over a billion and half dollars in oil revenues from U.S. producers, all in an effort to drive a 'green energy agenda' that will create few jobs and no income for the government. Income benefits from green energy are at least 10 years off."

On his daily, national radio program, Celia reported that the U.S. will soon face crippling gas prices, higher unemployment, higher under-employment, higher food prices and a worsening housing industry, yet the Obama administration will blame the worsening economy on geopolitical issues.

Celia goes on to say that this administration has made us more dependent on foreign oil and should be credited for exacerbating and increasing U.S. oil prices unnecessarily. He forecasts that we will see $4.00 gas which will deal a devastating blow to an economy that is teetering on bankruptcy, not to mention that it will be the final blow to households that are barely holding on. He sums it up by stating, "What a pity that we will allow this administration and this ideology to hide under the guise of the Middle East issue."

Dan Celia hosts Financial Issues at 10 a.m. EST, M-F on 350 conservative Christian radio stations. His program also airs weekly on Saturdays at 11 a.m. EST. www.financialissues.org.