Historic Day….Gas Prices Have Never Been Higher

Flopping Aces ^ | 03-14-12 | Curt

[Starman417]

You know what makes today historic?

Gas prices have never been higher:

This while our President does nothing to help stem the tide. Instead he says that we can't drill our way to lower gas prices since we only have 2% of the oil in the world. This conveniently leaves out the fact that we have enough recoverable oil for the next two centuries. The 2% figure comes from the CURRENT oil reserves.

Of course we would need to start drilling to get that oil. Something he doesn't want to do.

But doesn't he imply that it was due to his administration that oil production was at an eight year high? That oil rigs had increased? That more land was opened for drilling?

Of course he does. He is a master at deception

"Gasoline prices are higher today at least in part because government has neglected to pay sufficient attention to the importance of producing more of our own oil and natural gas," said API Director Erik Milito.

President Obama likes to brag that oil and gas output has risen during his term. True, but he had absolutely nothing to do with it. Output, according to a new API study, "increased in 2011 over 2009 only as a result of growing production on state and private lands — up almost 29% for oil and 22% for natural gas."

By comparison, on federal lands, which Obama's administration controls, production fell 7.9% for oil and 6.8% for natural gas over the same period.

Oil markets understand that the increase in oil production was due to decisions made 5 years ago. They also see what is coming in the next 4-5 years by the decisions being made by THIS administration. The price of oil today is increasing because of the outlook for tomorrow.

But why the deceptions. It was only a few years ago that he, and those in his administration, admitted that high gas and energy prices isn't all that bad.

[VIDEO AT SITE]

His Secretary of Energy:

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,”

Oh, sorry...he "retracted" his statement...but doesn't regret it:

[TPOOH]

"Instead he says that we can't drill our way to lower gas prices since we only have 2% of the oil in the world. This conveniently leaves out the fact that we have enough recoverable oil for the next two centuries. The 2% figure comes from the CURRENT oil reserves. "

You mean to tell me "THE ONE" is a lying POS? I just can't believe it......just can't believe it. ....../sarc

[smokingfrog]

The 2% figure comes from the CURRENT oil reserves.

I don't think that's right.

Exposing the 2 percent oil reserves myth

[smokingfrog]

Saw regular gas for $3.85 gal. in Houston today.

The highest I’ve ever seen it.

[bicyclerepair]

Øbama = POS

with all due respect to pieces of excrement

[bmwcyle]

Obama’s fault and it is time for him to go.

[Orange1998]

3.859 at Will Clayton in Humble, Tx.

[dynachrome]

“Only” $3.40 here in Colorado. Praise obozo!/s

[Eye of Unk]

Regular unleaded in Alaska

$4.17 a gallon.

In Wasilla, I am noticing a reduced amount of traffic on the roads and they are actually driving at the speed limit.

I still have three motorcycles to fall back on for commuting.
That is when the snow is gone.

[haircutter]

Here in rural Somerset County, Pennsylvania gas is now $3.86 a gal..

If GWB was President the Liberals would be marching in Washington demanding he take care of the gas situation!!!

with Hussein...NOTHING and the quiet Liberal Press is sicking..

VOTE OBAMA OUT IN NOVEMBER