Obama Expected to Blame China, Iran, Higher Demand, Kitchen Sink In Today’s Speech on Gas Prices

Despite record gas prices Democrats killed another Arctic drilling project this month. This comes after Obama rejected the Keystone pipeline project. US gas prices at the pump have doubled since the Obama took office.

Gas Buddy

Barack Obama will blame Iran, China, higher demand and anything else he can think of today in his speech on high gas prices. Don’t expect him to bring up Keystone or spend too much time on his failed green policies in today’s speech.
Bloomberg reported:

President Barack Obama will try to head off the political impact of rising gasoline prices as Republicans vow to make the price at the pump an issue in the 2012 election campaign.

Obama plans events this week focusing on his administration’s efforts to expand domestic exploration and development of alternative energy sources to combat cyclical spikes in gas prices.

The price rise, driven in part by increased tensions over Iran’s nuclear program and higher demand as the U.S. recovery strengthens, is the one negative in recent economic data that have enhanced Obama’s political position. The cost of gasoline confronts voters daily.

“Gas prices will be the number one issue by summertime,” U.S. Representative Kevin McCarthy of California, the House Republicans’ chief vote-counter, said in an interview.

Obama’s political team has been preparing to counter Republican attacks since the administration denied a permit for TransCanada Corp.’s Keystone XL oil pipeline, White House officials said. The renewed focus on what Obama has described as an “all-of-the-above” energy strategy kicks off with a speech tomorrow at the University of Miami in Florida.

White House awareness of the political impact was illustrated yesterday when the president mentioned higher gas prices at a White House event promoting the extension of the payroll tax cut through year’s end.

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