Skip to comments.Barack Obama’s Seven-dollar-a-gallon Gas Ambitions
Posted on 05/09/2011 9:47:53 AM PDT by Paladins Prayer
Somehow we have to figure out how to boost the price of gasoline to the levels in Europe, said Steven Chu the man Barack Obama would ultimately tap to be energy secretary in September 2008. He was explaining to The Wall Street Journal that higher energy prices are the centerpiece of the Lefts energy overhaul. Well, I dont know if theyve figured out the Euro-boost yet, but we are halfway to Vienna. Now, while Im sure Barack Obama would love it if gas prices declined until November 6, 2012, theres every reason to believe he shares Chus sentiments. And if the fact that he hired such a man in the first place isnt enough for you, consider his campaign-trail implication that he wouldnt have a problem with four-dollar-a-gallon gas (hey, it wont cramp his lifestyle. Golf, anyone?). Consider also that hes quite willing to subordinate the satisfying of energy needs to symbolic environmental deeds. For example, in 2008, he told the San Francisco Chronicle that his policies would bankrupt the traditional coal industry and said Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket [emphasis added]. Its amazing what comes out of his mouth even on the campaign trail off Teleprompter.
Given this attitude, its not surprising that oil rigs, denied permits to drill by the Obama administration, have been leaving the Gulf of Mexico for foreign shores. And dont expect to see them back anytime soon, either. After all, moving a Walmart-size rig is no small feat, and not all countries have a national death wish that causes the afflicted to kill the golden goose like ghetto criminals who ensure that businesses will leave their neighborhoods.
(Excerpt) Read more at thenewamerican.com ...
$7 may be a bit low, unfortunately
$7 may be a bit low, unfortunately
if you get our price to $7 in Europe it will be $13....you morons!
As I tell people at the gas pumps who complain to me about the price of gasoline.
“If it takes these high prices to make people quit mindlessly voting for Democrats without thinking about it, then I will gladly pay it.”
This new RNC guy sure isn't making much of an impression, good impression that his.
No. The Gov't will simply raise a new tax on the efficient vehicles like is already being discussed for hybrid's.
Love your reply! Do you ever get negative reactions?
[When does policy become treason?]
It's not easy being green when you're red on the inside.
“[When does policy become treason?]”
I think it already is. When you look at the big picture of what has been done since FUBO took power, it appears that nearly every policy has been detrimental to our country. You would expect an ordinary president to make some bad judgments, but it is no accident that nearly everything he does works against us. The question is, what are Americans going to do about it? Obama will continue with impunity until the streets boil over with rage.
BHO is restricting domestic supply (no drilling), in order to increase prices, and (he says) encourage people to reduce demand. That might actually make sense (to the extent that the goal makes sense), if the U.S. weren't importing so much crude, with borrowed money. And, if you weren't buying so much of your crude from hostile regimes.
Another way to get gas to $7.00/gallon would be to add about $3.00/gallon in taxes. (I know, I know — taxes!) The resulting reduction in demand might actually help lower the world price of crude — not that consumers would notice. The U.S. government could use the new gas tax revenue to reduce other taxes (well, they could — with a Democrat government there would probably just be more spending. Meanwhile, less money is being borrowed to buy foreign oil & the tax revenue stays within the borders of the U.S.A (for a few moments, at least).
The tax increase option (vile as taxes are) would do the least harm to the U.S. economy — while reducing (rather than drastically increasing) the amount of money sent overseas to (often) hostile regimes. Money that you have to borrow from other hostile regimes.
Of course, if BHO persists in policies designed to skyrocket the price of crude; you won't hear much complaining from these quarters (Canada). Thanks very much for the windfall, folks. Despite the possibility of a short-term windfall; many of us Canadians would rather see a strong, healthy U.S. economy. Boosting local oil supplies is more likely to get you there (in the near term at least) than shutting down the oil industry, and subsidizing “green” energy.
"If you want the lower gas prices, lower oil prices, and lower energy prices necessary for a booming economy, you are going to have to get yourselves another President. "
Does everyone Europe drive electric cars due to the price of gas? No, they still drive conventional gas vehicles.
If high gas prices haven't driven Europe to develop alternative energy, why would it cause the USA to do so? It won't.
So what is the benefit (even from the liberal standpoint) of high gas prices?
Taxes make Chicago gas prices nation’s highest
well, that’s weird.
Don’t folks in da hood buy gasoline?