Drill, baby, Drill
The White House continues to focus on gas prices by shift blame away from the White House’s energy policies.
Those oil companies are making RECORD PROFITS. You silly proles shouldn’t be blaming him, though.
At a fundraiser in Southern California last week, where pump prices are the highest in the country, Obama acknowledged the political peril of high gas prices. He said, “My poll numbers go up and down depending on the latest crisis, and right now gas prices are weighing heavily on people.”
He tried to show that he feels motorists’ pain. “I admit, Secret Service doesn’t let me fill up the pump anymore,” he said. “But it hasn’t been that long since I did.”
Oh yea? How long has it been?
Although gasoline prices are just a quarter of a dollar short of their all-time record of $4.11 for a gallon of regular set in July 2008, the Energy Information Administration forecast this month that gas consumption would average about 9.3 million barrels a day over the peak summer driving season, a 0.5 percent increase over last summer.
Nice to see the media is carrying Obama’s water. Gas (cheapest grade) is $4.19 in my town. Not ONE mention in the article about Obama’s stance on drilling HERE. Now.
Knittel said that the increase in gasoline prices is partly a result of the recovering economy. “One of the reasons gas prices are high is that we are coming out of the recession,” he said. “So it’s sort of bittersweet. The economy is getting strong, but it’s hurting our pocketbook.”
Yea, now that’s we’ve got those unemployment numbers back down to … oh, wait. Nevermind.
eter Morici, a professor at the University of Maryland’s business school, estimates that the spike in gas prices since September translates into a 5 percent cut in discretionary income and that Americans “will be eating fewer restaurant meals, wearing fewer new clothes, curtailing summer vacation plans, and postponing furniture purchases and home improvements.”
Yea, that’s all very nice and well. The coming doom is that everything – EVERYTHING – is going to cost more. it already does, but it is going to get worse. Companies are just now starting to adjust prices, and cost of diesel is going to make everything more expensive.
And what is Obama’s administration really doing about the rising cost of oil? EPA forces Shell to abandon drilling in Alaska. The EPA administrator was hired by Obama, and the decision was made by four partisan democrats.
Mark Steyn fisking the same article.
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No participant in this report from the establishment newspaper of the superpower’s capital city — the president, his “EIA,” and certainly not the reporters – seems to have a clue that in vast swathes of the country millions of people commute long distances for relatively low-paying jobs whose economic viability is severely impacted by the difference between gas at a dollar-eighty (the dawn of the Hopeychangey era) and five bucks per gallon (this summer).