Obama Hits the Gas – Prices Double in Just Three Years Due to His Failed & Insane Policies
Posted by Jim Hoft on Wednesday, February 29, 2012, 4:56 AM
Obama Hits the Gas–
Quick Facts on President Obama’s Acceleration of Gas Prices via the Republican Study Committee:
** Oil production on federal land fell 11% last year. During the exact same time frame, oil production on private and state-owned land – land beyond the federal government’s grip – grew 14%.
** Shortly after Steven Chu professed a desire for European-level gas prices, President Obama named him Secretary of Energy. Italians currently pay about $9.00 per gallon.
** The Obama administration imposed a moratorium on drilling in the Gulf of Mexico followed by a “permitorium” with very few permits issued for new drilling. Data from the Energy Information Agency show production in the Gulf of Mexico dropping by 120 million barrels annually from 2009 to 2012.
** The Keystone XL pipeline could bring our economy thousands of new jobs and transport 830,000 barrels a day to American refineries. President Obama rejected it.
** Drilling plans have historically been approved 73% of the time. For the start of 2012, President Obama has only approved 23%.
And here’s the insane part…
The Obama DOE is not even working to lower prices… And they have no shame in admitting it.
The Politico reported:
The Energy Department isn’t working to lower gasoline prices directly, Secretary Steven Chu said Tuesday after a Republican lawmaker scolded him for his now-infamous 2008 comment that gas prices in the U.S. should be as high as in Europe.
Instead, DOE is working to promote alternatives such as biofuels and electric vehicles, Chu told House appropriators during a hearing on DOE’s budget.
But Americans need relief now, Rep. Alan Nunnelee (R-Miss.) said — not high gasoline prices that could eventually push them to alternatives.
“I can’t look at motivations. I have to look at results. And under this administration the price of gasoline has doubled,” Nunnelee told Chu.
“The people of north Mississippi can’t be here, so I have to be here and be their voice for them,” Nunnelee added. “I have to tell you that $8 a gallon gasoline makes them afraid. It’s a cruel tax on the people of north Mississippi as they try to go back and forth to work. It’s a cloud hanging over economic development and job creation.”
Chu expressed sympathy but said his department is working to lower energy prices in the long term.
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Published May 23, 2012 at 4:57 am - 69 Comments
Militant Conservative commented:
Obama does not care, government is making more
Money on a gallon of gas than the oil company that
Provides the service.
dba...vagabond trader commented:
Everything going according to plan. Wonder what the commie has in store to dupe voters around election time.
Militant Conservative commented:
Whoops, nasty lefty comment #3 gone.
Male Silverback commented:
It’s a simple equation: High Gas= More Chevy Volts
Obama is ensuring the success of his motor company.
1RedBeard commented:
Chu is a nasty piece of work. Fits perfectly into the Obama quisling cabal.
Earthmover commented:
Who is going to fy over the United States and drop bags of rice for us?
SeniorD commented:
Let’s not forget that, as oil prices rise so do food prices, electric bills, natrural gas prices, and virtually everything else.
But then coal, of which this country is blessed with inordinate amounts, is anathema to the EPA and HIMSELF. So those of us huddling close to one anoher for heat, sharing a meager meal with our family and learning to do more with less can gaze into the Eastern Sky to OZ itself. There the ever happy plutocrats, professional politicians, Regime trolls and the odd gun/drug runner sit fat, dumb and happy. THEY will be warm, well fed, able to move about their domain with impunity and toss a few crumbs to us poor, disheveled serfs.
November is coming and with it, an angry populace that should make EVERY denizen of OZ quake in their $3,000 suits and $500 shoes.
chris commented:
It’s not just that we need more oil. We also need more refining capacity.
But perhaps the biggest problem is the lack of strength of the US dollar. Oil is bought and sold in USD. Our government has been destroying the dollar’s purchasing power for 40 years.
But hey, the stock market is up so who cares, right?
bigL commented:
The raise in gas prices are a sign of inflation. All the borrowing I bet equals about 30% inflation which is $3.50 to 5 bucks. Also look at ground beef– plain Morans 80/20 up from $2.99 to about $5.50.
It is a PITA that the GOp is the”mute town crier” in all of this.
Bastiat Fan commented:
Well what do you know? Presidunce Corky McShortbus finally KEPT a promise! Too bad it was the one about “energy prices will necessarily skyrocket.”
Hey, Obamabots: how’s that “Hope and Change” working out for you?
MustComment commented:
Within 7 days (my area): $4.05 to $4.25 to $4.29 to $4.39 to $4.42. Thanks Team Obama
ahem commented:
They don’t even mention the effect caused by the Fed printing a bazillion dollars out of thin air…
Mitch Rapp commented:
It is so fulfilling to have a Chicago criminal as President.
If Obama can register dead voters, get people without money new houses with loans that cannot be paid – whats wrong with high gas prices?
Larkin commented:
Hats off to the “failed and insane” morons who continue to support this DOAP. (Disaster of a President)
Nelle commented:
Surely the enthusiastic support for Obama must be down below 30%. He’s done something to tick off nearly everyone. And if we are paying $5 for a gallon of gas at election time, with no oil exploration allowed, that’s going to make it hard to vote for more of the same. There will be massive fraud. Lying polls. All out media propaganda war. But we must not believe it. A solid majority wants him out, whether we have to take Romney, Santorum, or Donald Trump’s hairpiece.
LookUp commented:
Pharoah Obama is doubling down as November speeds toward us:….must….crush….the….economy…….so that WHATEVER the vote is, IF there is even a vote, he can claim kingship to a nation ruined and stand on the heap of American tortured souls and proclaim to the world his victory: I have killed the giant! Now come and feast upon it while they are too weak to fight! A NEW WORLD without America has finally arrived!
Richard Hall commented:
Obama and Chu do not want lower gas prices, because they are trying to push us into a socialist state like the Europeans “enjoy”. From what I have read from David Horowitz, Saul Alinsky’s idea for radicals was to destroy the present economic and monetary system, and that is one of Obama’s goals for this country. Don’t know what they expect to replace it with. That is why we have to fight as hard as possible against Obama’s policies and get him out of office in 2012. He is anti-American.
Robert commented:
From the article:
“As I have repeatedly said, in the Department of Energy, what we’re trying to do is diversify our energy supply for transportation so that we have cost-effective means.”
Chu specifically cited a reported breakthrough announced Monday by Envia Systems, which received funding from DOE’s ARPA-E, that could help slash the price of electric vehicle batteries.
So, if the breakthrough is made by a private firm, what do we need the Department of Energy for? And what specifically does the DOE do with their funding that is appropriated by force from the American taxpayers?
owl commented:
They had to work hard to make all this happen and I do not see an immediate fix. It would help if MR Bill O’Reilly would shut his mouth and quit scooping for Obama. That shovel must be very heavy by now.
#20….I would take Trump’s hairpiece in a heartbeat. Obama is going to be hard to beat regardless if gasoline is $6. I want our candidates to stop the war if they have to vote among themselves at this point.
FurryGuy commented:
Too bad the union rank and file idiots Barry wants to fight for him don’t grasp a basic fact that if gasoline prices continue to increase that fewer and fewer people will be able to afford a new vehicle they build.
Redwine commented:
Logic-challenged Chu wants to intentionally raise gas prices to push the regime’s idiotic, fraudulent, money-laundering “green” agenda. He wants to bring down car battery prices to around $25,000. Stupid lump of foolishness. How does he think those batteries get their power? From the hated coal that fuels the creation of electricity. But under this regime, well, Barry Hussein, “electricity rates would necessarily skyrocket” (http://www.youtube.com/watch?v=HlTxGHn4sH4).
acat commented:
There are different grades of crude, some of the different cat crackers needed, and the effects on end cost, yet have never worked a day in the oil industry.
We need to be refining and blending even more different grades of gasoline. “Chicago summer blend” is different from “Chicago winter blend” is different from “southern Illinois summer blend” is different from “Indiana winter blend” and so on. The more blends we have — the better.
Further, there’s a myth out there that there are arbitrary limits on what refineries can emit. This is FALSE.
I predict the East Coast is going to experience a steep decrease in gas prices.
Final point – One wonders what the whiny NorthEasterners would be doing if this were a nasty winter … like Sweden ad Russia are having.
Mew
Benson II commented:
There’s only one person in the Republican presidential race who will take it to Obama, socialist Democrats, liberal press and Islam.
It’s time to tell the Saudi’s to go pound sand!!!
DRILL HERE, DRILL NOW, PAY LESS…
2.50 gas. American energy independence video. Check it out.
http://www.newt.org
burt commented:
Why do we have a Department of Energy? It must be nice to be paid to do nothing!
SE commented:
I do put the blame on Obama and his admin for not acting in a reasonable amount of time (4 years) to control prices. Oil has doubled on his watch and now that the race has begun he’s showing an inititive to help??? What has he done while in office besides vacationing on our tab>>>I dont see him in office the next 4 years.