Posted on 01/14/2016 4:46:11 AM PST by IBD editorial writer
Energy: There's no shortage of points to pick apart in the president's final State of the Union, as we've done above. But one deserves close scrutiny: Obama's claim that he "reinvented our energy sector."
(Excerpt) Read more at news.investors.com ...
0bama was going to force gasoline prices up to $8 to $10 per gallon.
That’s insane. I would love to see the prices drop back down to under a dollar or at least at about a dollar per gallon.
“That’s insane. I would love to see the prices drop back down to under a dollar or at least at about a dollar per gallon.”
When I was a teenager in the sixties gas was around 25 cents/gal with occasional price wars driving it down to 15 cents or there abouts. If you should inflation adjust over 50 ~ 60 years the equivalent in today’s dollars is in the 3 ~ 4 dollar range. So, today’s prices are pretty darn good. Personally, I would like to see crude stabilize around $50/barrel. Thereby, US oil companies could make a profit while at the same time consumers would benefit as well.
If the layered taxes were lower, we could have our cake AND eat it
Government makes more money per gallon than does any one else, so there is a bottom price
Why include an excerpt so short that there is no topic to discuss?
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In the middle of a lengthy section of a speech spent patting himself on the back, Obama talked about how successful his energy policies have been.
“Listen,” he said, “seven years ago we made the single biggest investment in clean energy in our history.” Then he went on to list “the results”:
Wind power is cheaper, solar panels are a fixture on more rooftops, oil imports dropped by almost 60% and “we cut carbon pollution more than any other country on Earth.” And then he added, to self-satisfied chuckles on the Democratic side of the aisle: “Gas under 2 bucks a gallon ain’t bad, either.”
But up until very recently, Obama was telling the country that low gas prices were an impossibility. “We can’t just drill our way to lower gas prices,” was his mantra for years. He was emphatic about it.
http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax
He also believed that inflating tires would do as much for gas prices as drilling.
Back in 2011 ...
Obama Blames ATMs for High Unemployment - Fox Nation
nation.foxnews.com/...obama/.../obama-blames-atms-high ... [cut off address]
Jun 14, 2011 ... President Obama explained to NBC News that the reason companies
aren’t hiring is not because of his policies, it’s because the economy is so ...
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