It’s an Obama world.
Up is down. Square is round. Hot is cold. Spending is saving.
Irrational policy has consequences.
Energy Tomorrow Blog explained how the president’s policies in oil and natural gas development have contributed to higher gas prices.
This infographic shows how the administration’s oil policy has contributed to record high US gas prices.
Administration Oil Strategy Contributes to Price Increases
Despite the facts... Far left Keystone Pipeline opponents say building the pipeline will actually raise gas prices.
Bloomberg reported:
TransCanada Corp. (TRP)’s proposed pipeline to carry crude from the oil sands of Canada to the U.S. Gulf Coast would increase gasoline prices, according to a report from an environmental group that opposes the project.
The Keystone XL pipeline would divert crude oil from the U.S. Midwest to refineries along the Gulf Coast geared to producing diesel fuel for export, the Natural Resources Defense Council said in a report today. That will decrease the amount of gasoline produced for U.S. consumers and raise production costs, making the fuel more expensive, according to Anthony Swift, author of the report and an attorney with the environmental group.
President Barack Obama rejected the project in January saying that more environmental study is needed. The NRDC findings contradict a report last year from IHS CERA, which provides business advice and analysis to energy companies, that said the pipeline would help lower fuel prices.
“This requires President Obama and his administration and the Congress to take a real look at the impact of tar sands to the environment and not have to worry about the political issue of gas prices,” Swift said on a conference call with reporters.
These radicals really believe you are stupid. They do.
