Posted on 04/20/2012 4:41:05 PM PDT by Iam1ru1-2
Barack Obama's latest scheme to make it appear that he's doing something -- anything -- about the spike in gasoline prices is actually more of a re-election crisis-control effort. He plans to spend $52 million to further regulate a tightly controlled market and punish "speculators" whom he blames for running up the price at the pump. Naturally, oil futures prices jumped at the news.
Those new regulations on the oil market come while Obama is tightening the screws in other ways as well. Witness the Friday document dump of an Executive Order that creates a task force to coordinate federal oversight of natural gas development. That task force is charged with "setting sensible, cost-effective public health and environmental standards" for "unconventional" natural gas development. In other words, he wants to undermine the innovative and effective practice of hydraulic fracturing, or "fracking," thereby hampering our domestic energy production capabilities just as he has with offshore drilling.
While Obama claims that we are "producing more oil than at any time in the last eight years," his entrenched opposition to completing the vital portion of the Keystone XL pipeline to Canada puts him at odds with House Republicans, who placed the approval of that project into the just-passed highway bill. Obama threatened a veto over the Keystone provision, and the Canadians are growing weary of his stubbornness. Canadian Prime Minister Stephen Harper warned at a recent "Three Amigos" summit involving the United States, Canada and Mexico that Americans will soon have to pay "market prices" for Canadian tar sands oil based on Obama's foot-dragging over Keystone. Canada also stands ready to sell its oil to China.
Not content to just sit by and do nothing, TransCanada, the company developing the Keystone XL pipeline, has proposed another route to avoid an area environmentalists were intent on keeping off limits.
Obama Recession Ping. Thanks Iam1ru1-2.
It takes 5 years from permit to production
What is online today can be thanked to Clinton and Bush.
Permits are down 40% under Obama.
Most of the Oil Rigs in the Gulf have left causing a bigger economic disaster than Katrina.
Its such a easy commercial to make that I assume the GOP is learning impaired.
Even a Major Union United Mine Workers might not endorse Obama.
If someone would run Reagan's free oil markets and oil prices compared to the odd even gas rationing of Carter Obama wouldn't be at 25% Approval.
My thoughts...
What would you do if you wanted to completely break the free market economy and replace it with something else?
How would you do that?
What is it that one thing that you could do to raise the price of everything and blame it all on the free market economy
and the “rich”?
Simple. Raise the price of energy.
How would you do that?
Increase the regulations on the energy companies regarding producing energy via the EPA or the UN.
What did Obama say about energy prices? “They will necessarily sky rocket”.
When energy prices “necessarily sky rocket” what happens?
The cost of delivering seed for crops and feed for live stock increases.
The cost of delivering the resulting products to grocery stores increases.
The cost of delivering the raw materials to manufactures increases.
The cost of delivering the resulting products to retail increases.
The cost to the consumer increases. The sales taxes are percentages and take a bigger bite out of every-ones budget.
When most of the population needs help who steps in to help?
The slave master, the government is like an abusive parent. The more that we give, the more that we give in.
Replacing our current economic and governmental system is ON PURPOSE and has been in the works for a long time.
Throw all of the use-full idiot so called ruling-class lifelong politicians out on their butts!
TEA Party On!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.