posted February 16, 2012 04:51 PM            

McConnell accuses Obama of driving up gas prices
“Fourteen million Americans are looking for work. Gas prices are approaching $4 a gallon. And the Obama administration wants unelected and unaccountable bureaucrats to impose new regulations that will destroy even more jobs – and drive gas prices even higher.”
By Sen. Mitch McConnell

Washington, D.C. – U.S. Senate Republican Leader Mitch McConnell introduced an amendment Tuesday to the pending small business bill that would stop the Environmental Protection Agency’s back-door national energy tax from taking effect.

“Imposing a backdoor national energy tax through the EPA is a strange way to respond to rising gas prices,” McConnell said. “Fourteen million Americans are looking for work. Gas prices are approaching $4 a gallon. And the Obama administration wants unelected and unaccountable bureaucrats to impose new regulations that will destroy even more jobs – and drive gas prices even higher.”

McConnell’s amendment was originally introduced as a stand-alone bill by Sen. James Inhofe, R-OK, the ranking Republican on the Environment and Public Works Committee. That bill has 43 co-sponsors including one Democrat, Sen. Joe Manchin of West Virginia. In addition to Inhofe, McConnell was joined by two other senators who have taken a leadership role in the issue – Sens. Lisa Murkowski, R-AK, ranking Republican on the Energy and Natural Resources Committee, and John Barrasso, R-WY, Vice Chairman of the Republican Conference.

The unprecedented EPA regulations, designed to regulate carbon emissions from farmers, manufacturers and power plants, will lead to higher gasoline, grocery, electricity and natural gas prices, while stalling economic and job growth.

“These new regulations would destroy jobs at a time when Americans need them most,” McConnell said. “And they’d be especially devastating for states like Kentucky and other coal states.”

At a time of rising gas prices and growing concern about the scope of government, McConnell said his amendment would allow for a vote on whether the White House should be able to impose new energy regulations through the EPA.

“They’re attempting to do through regulation what they couldn’t do through legislation – regardless of whether the American people want it or not,” McConnell said. “This is an insult to the millions of Americans who are already struggling to make ends meet or find a job.”

The McConnell amendment is identical to a bill, sponsored by Reps. Fred Upton, R-MI, and Ed Whitfield, R-KY, that is being considered in the House Energy and Commerce Committee today.

Following is the text of McConnell’s remarks upon the introduction of his amendment:

“With gas prices on the rise, Americans want to know what Washington is doing about it.

“So let me provide a little update: the White House has responded by locking up domestic energy supplies and pushing an energy tax that will drive them up even higher. And Democrats in Congress aren’t doing anything at all.

“So we’ve got a total disconnect right now among Democrats in Washington when it comes to gas prices. Both the White House and Democrats in Congress are acting like they haven’t seen a nightly newscast or driven by a gas station in weeks.

“Senator Inhofe, Senator Murkowski, and Senator Barrasso have done a terrific job raising the alarm on the Administration’s efforts to lock up domestic energy even as it continues to push costly new regulations at the Environmental Protection Agency.

“I want to commend them for their efforts on this most important and timely issue.

“They’ve shown how American families are getting a double whammy right now.

“Refiners would pass the costs related to these regulations onto consumers and the White House’s efforts to lock up domestic energy production puts even more pressure on gas prices.

“If you’re just tuning in, let’s review what the White House has been up to on that front.

“They’ve resisted our push for American production offshore, onshore and in Alaska — and the jobs that go along with it.

“They’ve cancelled existing drilling permits and the jobs that come with them.

“They’ve needlessly delayed offshore leases — which even former President Clinton has referred to as ridiculous.

“They’ve imposed a moratorium on oil and gas drilling — which amounts to a moratorium on domestic energy-related jobs.

“They’ve proposed a tax on domestic energy production, a ‘minivan tax’.

“And now they are trying to impose a backdoor national energy tax through the EPA.

“It’s a strange way to respond to rising gas prices.

“But it’s perfectly consistent with the current energy secretary’s previously stated desire to get gas prices here in the U.S. up to where they are in Europe.

“These new regulations would destroy jobs at a time when Americans need them most.

“And they’d be especially devastating for states like Kentucky and other coal states.

“EPA regulations resulting in dramatic energy price increases would jeopardize the livelihoods of the 18,000 miners in Kentucky and an additional 200,000 jobs that depend on coal production and the low cost of electricity that Kentuckians enjoy.

“They’d raise the price of everything from electricity, gasoline, fertilizer, to the food we eat — and that’s why farmers, builders, manufacturers, small businesses, and the U.S. Chamber of Commerce oppose them, and support an effort to stop them.

“But the White House is determined to get its way.

“And that’s why they’re attempting to do through regulation what they couldn’t do through legislation — regardless of whether the American people want it or not.

“And, in my view, it’s an insult to the millions of Americans who are already struggling to make ends meet or find a job.

“Fourteen million Americans are looking for work. Gas prices are approaching $4 a gallon. And the Obama Administration wants unelected and unaccountable bureaucrats to impose new regulations that will destroy even more jobs — and drive gas prices even higher.

“If you want proof that common-sense is taking a backseat to ideology in the White House, look no further: this plan is bad for jobs. It’s bad for the economy.

“And it must be stopped.

“And that’s why, at the end of my remarks, I’m introducing an amendment to block it.

“In an effort to prevent the administration from adding yet another burdensome, job-destroying regulation through the back door, we’ll have a vote on whether at a time of rising gas prices and growing concern about the scope of government, we should allow the White House to impose new energy regulations through the EPA.

“This vote is needed because the White House appears ready to advance its goal by any means possible — regardless of our economy or the will of the people.

“And that’s why it’s my hope that, we’ll vote to stop this power grab in its tracks.”

2 Responses to “McConnell accuses Obama of driving up gas prices”

1.Gas prices higher than we are - Grasscity.com Forums on April 5th, 2011 11:33 pm
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posted February 16, 2012 05:13 PM            

There is something O'Bomber can do to lower gas prices as early as tomorrow morning.

Bush did, dropping crude prices from $150 per barrel in a few short months to only $32 per barrel the day he left office. This resulted from oil brokers scrambling to sell out their high priced options on oil to avoid taking an even bigger financial blood bath as crude prices collapsed further.

It's drill baby drill and when oil brokers hear those word and believe the president is going to do just that, crude prices will collapse on the open market...just as they did when Bush said them.

But, O'Bomber has green lighted the rise of crude prices and gasoline made from crude by taking American production offline. Under O'Bomber's policies..no domestic drilling here, offshore, in the Gulf, on government lands or in Alaska...oil brokers see nothing in their future but money to be made by driving up the price of crude with O'Bomber's blessings.

This is such a simple matter and it moves commodity markets including oil. Too bad leftists can't get it through their heads that options futures contracts look to the future at what oil prices are likely to be when their contracts expire. If they see more oil on the world markets in the future they know oil isn't going higher or may collapse. Then, they scramble to get out which drives down the price of crude oil day by day as crude oil prices seek a floor price below which they don't think it will go.

Simple, but beyond the reasoning ability of O'Bomber and his Kool-Aid drinking brigade.

Obama to voter on gas prices: 'You might want to think about a trade-in'
Conn Carroll
Thu, 2011-04-07

The Los Angeles Times reports today that White House fears gas prices could tank Obama. But they can?t be that worried. Here is a bit from an AP report on yesterday?s energy event in Fairless Hills, PA:

Obama needled one questioner who asked about gas prices, now averaging close to $3.70 a gallon nationwide, and suggested that the gentleman consider getting rid of his gas-guzzling vehicle.

"If you're complaining about the price of gas and you're only getting 8 miles a gallon, you know," Obama said laughingly. "You might want to think about a trade-in."

Instapundit has since noted that the AP has scrubbed this exchange from their website, but earlier versions with this account still exist (including The Huffington Post at this time).

Obama insisted yesterday that ?There is no magic formula to driving gas prices down.? That is true. But there are also things the government can do that will drive the price of gas up. And the Obama administration has done many of them including:

Immediately after taking office in 2009, Interior Secretary Ken Salazar, canceled 77 leases for oil and gas drilling in Utah.
The EPA announced new rules mandating the use of 36 billion gallons worth of renewable fuels (like ethanol) by 2020.
Last summer President Obama needlessly instituted, not one, but two outright drilling bans in the Gulf of Mexico.
After rescinding his outright offshore drilling ban, President Obama has refused to issue any new drilling permits in the Gulf, a policy that the Energy Information Administration estimates will cut domestic offshore oil production by 13% this year
Interior Secretary Salazar announced that the eastern Gulf of Mexico, the Atlantic coast, and the Pacific coast will not be developed, effectively banning drilling in those areas for the next seven years;
The Environmental Protection Agency has announced new global warming regulations for oil refineries;
Interior Secretary Salazar announced new rules making it more difficult to develop energy resources on federal land.
The EPA is slowing a pipeline that would expand U.S. access to Canadian oil sands.

All of these policies raise gas prices at the pump by either: 1) decreasing the availability of domestic energy supplies, or 2) increasing regulatory costs on gasoline production.

posted February 24, 2012 11:37 PM            

President Obama doesn’t have an energy plan. He has an energy speech that he continues to give regardless of the facts or his obvious failures. He likes to take credit for actions initiated by the last administration (without telling you that he’s reversed or stymied many of those successes).

We should not be surprised by his detached attitude about America’s pain at the pump. He’s not interested in lowering the price of gas because exorbitantly high gas prices are one of his campaign promises. In September 2008, candidate Obama’s Energy Secretary in-waiting said: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” That’s one campaign promise they’re working hard to fulfill!

President Obama notes that instability in the Middle East causes short-term spikes in the price of oil. But that is precisely why we should take every opportunity to drill here and drill now to lessen our dependence on these dangerous foreign regimes. President Obama’s lack of action simply invites the next oil crisis. It’s as if the White House is purposefully making us more dependent on foreign countries – from running up an unsustainable debt that must be financed by foreign debtors, to constantly apologizing and walking on eggshells around dictators who control oil supplies.

When it comes to our energy security, the only thing holding us back is the lack of political will. We have the resources, the ingenuity, and the manpower. And we need the jobs! Any economic recovery will be hampered by these rising gas prices. And I guarantee the rising prices will only get worse and will halt job growth further.

We must never forget that energy development, job creation, and national security are inextricably linked. Access to affordable and secure energy is the key to economic growth, which is the key to job growth. Securing a stable domestic supply of energy will lead to a more peaceful and prosperous America – an America that’s not subject to the whims of dictators who can cut off energy supplies or shut down the Strait of Hormuz to exports passing through.

President Obama repeatedly claims that there is no “silver bullet” to lower gas prices. But, in fact, we do have proof that the promise of future drilling does lead to immediate price relief as oil producers plan to expand their production.

So what are Obama’s solutions? As luck would have it, they coincide with subsidizing his friends and campaign donors. What a fortuitous coincidence in an election year! While you’re paying $5-a-gallon for gas, President Obama has been picking “winners” and “losers” in the free market. He’s decided that conventional resource development that produces the fuel we use to drive our cars and power our economy are “losers.” His “winners” are the bankrupt green energy companies that his campaign donors invest in. Unfortunately his real “losers” are the American public who are once again hit with massive gas prices (at least those who can’t afford luxury electric cars like the Obama-subsidized Volt that gets 40 miles per battery charge, or like the Obama-subsidized Tesla that turns into a “brick” when the battery completely discharges and then costs $40,000 to repair.)

What are the real solutions? Well, whether you support Newt in 2012 or not, he makes a lot of sense in this video, which is why President Obama targeted it for mockery yesterday. Newt is right that we need to “stop bowing and start drilling.” And not only can’t a gun rack fit in a Volt, but the government will take away our pick-up trucks when they pry the steering wheel “from our cold, dead hands.” Newt explains in this video some commonsense, pro-American solutions to the problems President Obama causes with his terrifyingly naïve assault on U.S. energy production.

With just the stroke of a pen, President Obama could lead us in the direction of real energy security and reduce our oil imports threatened by Iran’s threats to shut down the Strait of Hormuz. Here are just a few commonsense measures we can do right now, and most of them don’t require any new legislation or regulations:

Open Alaska to drilling. Billions and billions of barrels of U.S. crude (and hundreds of trillions of cubic feet of clean natural gas) sit untapped up here in the far north, my friends. We have the TAPS pipeline and infrastructure; we invite the development! Open ANWR. Think of how much safer and secure we would be if we had done this decades ago.

Build the Keystone Pipeline. President Obama doesn’t understand we live in a land woven with untold miles of pipe to carry safe energy supplies to protect and prosper America. Common sense dictates we need another one now to secure our energy future. It is key. It is the Keystone. If we’re worried about instability in the Middle East, it makes no sense to shun safe and reliable oil from Canada. Obviously, China understands this, and we should too.

Drill for natural gas. Natural gas is the future. It’s clean, it’s green, and we’ve got lots of it. Whether we use it to power natural-gas cars or to run natural-gas power plants that charge electric cars – or ideally for both – natural gas can act as a clean “bridge fuel” to a future when more renewable sources are available.

There are many more steps we need in order to establish a true energy plan to secure our future. But these three steps, plus increased resource development in the Lower 48 and reversing President Obama’s nonsensical, knee-jerk, anti-American energy shut down of off-shore developments would create hundreds of thousands of jobs as millions of barrels of oil every single day would flow under American control, and lessen our dependence on the Persian Gulf.

It’s time our country had a real energy plan that includes a genuine all-of-the-above approach that doesn’t ignore conventional resource development. We need the jobs, we need the energy, and we need the security.

- Sarah Palin

posted February 25, 2012 11:33 AM            

if it were obama's policies driving the price up it would have been going up all this time, not just now when the iranians are threatening to cut us off.

the iran scare has speculators and others panicking and the price of oil and gas has jumped accordingly. i suppose some think if we threatened to nuke iran tomorrow it would all go away, but unfortunately in the long run...for those who can see past their noses...it would cost way more.

unfortunately for the DRILL BABY DRILL crowd, the drilling is already happening. what they don't broadcast is that our oil goes into an international pool, it does not stay at home...we are now a huge EXPORTER of oil.

perhaps CONGRESS should get on it and decree our oil stay at home instead of making political hay out of the rising price of gas? but how do they do that without broaching the free market?

posted February 28, 2012 12:01 AM            

George Bush issued those drilling permits which are now producing more oil for America.

O'Bomber has issued 60%+ fewer drilling permits than Bush, shut down the Keystone pipeline, closed the gulf of Mexico to deepwater drilling and shut down a gas field in Ohio for his Loony-Tunes leftist friends.

$6 per gallon gasoline is the immediate O'Bomber goal with $10 per gallon gas to follow later...just like Europe.

It's always easy to spot leftist lies...like the lie it would take years to lower the price of gasoline and crude oil.

O'Bomber may have no magic bullet to lower gas prices but then, O'Bomber doesn't want lower gas prices. O'Bomber wants higher gas prices so the so called green energy companies can compete with fossil fuels. You know, those so called green energy companies run by O'Bomber's buds who gave him millions in campaign contributions and to whom he gave BILLIONS of US taxpayer funds. Money straight down the toilet.

Bush did it in months. Lowered gas prices from about $4 per gallon a few months before he left office to $1.87 the day he left.

posted February 28, 2012 03:35 PM            

One the other hand....Bush lifted the offshore moratorium on drilling and said.."Drill Baby Drill" AND crude oil fell..in mere months from $149 per barrel to $32 per barrel the day he left office. Gasoline...in the very same period fell from over $4 per gallon to $1.87 per gallon the day he left office.

But poor O'Bomber doesn't have the Bush Magic Bullet. Apparently Bush took it with him when he left the White House and no one has been able to teach O'Bomber how to say..."Drill Baby Drill".

Gas Price Increases Are Intentional
Erick Erickson
03/05/2011

Gas prices continue to go up. When George W. Bush was President of the United States, Democrats constantly demanded he open the Strategic Petroleum Reserve to help lower prices. Some even wanted a temporary suspension of the gas tax. With Obama? Crickets.

Why the hypocrisy? It is very simple to understand.

The left knew that George W. Bush was not a fan of their green agenda. The green agenda consists of coal powered cars, urban living, and punitive measures to stop that mythical force known as global warming . . . or climate change depending on what day it is.

Barack Obama buys the agenda hook, line, and sinker.

The left could use gas prices as a political wedge issue against George W. Bush because they knew he did not actually want higher gas prices. Barack Obama, on the other hand, wants higher gas prices. His Energy Secretary, Steven Chu, wants the same. Chu is on record saying, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” Therefore, gas prices will go up and the left will silently cheer the economic disaster befalling us.

There are two reasons gas prices must go up. The first is to get people into coal powered cars. Coal powered cars can only be driven around 40 miles before they must be plugged back into the grid for more coal power. If everyone moves to coal powered cars, the drivers will be forced to live closer to cities.

Living closer to cities will increase urban density and decrease the supposedly anti-environmental impact of strip mall exurban utopias. In the liberal reorganization of society, only farmers should live in rural areas.

Once urban density is increased to European levels, then Barack Obama and the left can finally make a viable case for high-speed rail. There are, after all, two things high-speed rail supporters admit they need for viability: (1) high urban density and (2) high gas prices. Hmmm . . .

See, it is not a conspiracy on Barack Obama’s part. There is no secret. This President and those he surrounds himself with actively want high gas prices. They either do not care or are oblivious to the fact that high gas prices will wreak further havoc on the economy.

They look at Europe with its high gas prices and high-speed trains and they see nirvana. They willfully ignore the high rate of unemployment among the young, bankrupted social welfare programs, and growing immigrant slums.

These people are not fools. They want a world where we all live in big cities and use the sun and wind to run our lives — a return to the 14th century with 21st century hygiene. To get that to happen, gas prices must go up.

Barack Obama does not care about what is happening in the Middle East. He does not care about the cost to you to fill up your car with gas. Because the more you pay through Mid-East turmoil and inaccessible American oil deposits, the sooner his future of coal powered cars and high-speed trains can arrive.

This is an Obama created crisis he wants to make sure does not get wasted. That you and I are forced to relive the golden age known as the Carter Administration is not his concern.
http://www.humanevents.com/article.php?id=42136

The only thing I disagree with in this article is the statement..."these people are not fools"

They are fools if they believe...and they must believe...that Americans are going to support their efforts to skyrocket gas prices and electric rates.

Americans are not going to be herded into cities, are not going to buy electric powered cars and are not going back to a mid 19th century existence.

Anyone who believes that's going to happen is not only a fool, but a damned fool.

posted February 28, 2012 04:18 PM            

it is easy for you to say bush brought the price down to 1.87 the day he left office but that is not the way it was anywhere i am or friends of mine are.
http://flowingdata.com/2008/08/08/watch-the-rise-of-gasoline-retails-prices-1993-2008/

posted February 28, 2012 04:19 PM            

coal fired cars? that's a new one on me.

edit. oh, i see now, all the rightwing bloggers and the nypost are screeching about how electric cars are actually coal powered.

unless they're water, or other electricity-generating "fuels" powered, i guess that is true. so far.

posted February 28, 2012 07:03 PM            

average gasoline price january 20, 2009

1.898 US dollars per gallon

posted February 28, 2012 07:07 PM            

The lowest reported cash price for gas on Staten Island this morning can be found at the Getty station at the intersection of Brook and Fremont streets in Tompkinsville.

posted February 28, 2012 07:15 PM            

....Crude oil for February delivery fell to $32.70, down 10.4 percent from last week’s close and the lowest since Dec. 19, on the New York Mercantile Exchange today. The contract traded at $34.10 a barrel at 1:32 p.m. London time....

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aGnw.Ns8TdoM&refer=worldwide

posted February 28, 2012 08:10 PM            

it seems your sources and mine disagree! of course in your eyes that means i don't know what i'm talking about. in mine it means there might be an explanation for the discrepancy!

but i would suspect if the price of gas was extra low in jan 2009 that was because those able to raise or lower it as they choose (OPEC and others!) thought a new president might mean a new relationship.

this is the FIRST time i have seen anyone come up with figures that low for the beginning of obama's term. and they certainly were not consistently that low during bush's.

and the full text of your bloomberg quote is quite revealing...you left out everything except the one line, in other words, all the stuff that makes clear it's not much to do with bush at all but the RISING DOLLAR..and, blow me down, as i have suggested, speculators!!

Jan. 20 (Bloomberg) -- Crude oil fell below $33 a barrel in New York as the strengthening dollar reduced the appeal of commodity investments at a time when demand is declining and stockpiles are rising.

At Cushing, Oklahoma, where the benchmark oil for New York futures is stored, inventories have climbed to 33 million barrels, the highest since records started four years ago. The February contract will cease trading today, so traders have to sell futures or accept the barrels at a time of falling demand.

“Traders are rolling over to the next month to avoid delivery and the dollar is rallying,” said Andrey Kryuchenkov, an analyst with VTB Capital in London. “All this against a background of falling demand and easing geopolitical tensions.”

Crude oil for February delivery fell to $32.70, down 10.4 percent from last week’s close and the lowest since Dec. 19, on the New York Mercantile Exchange today. The contract traded at $34.10 a barrel at 1:32 p.m. London time.

Floor trading was closed for the Martin Luther King Jr. holiday yesterday. Trades then will be booked today for settlement. The more-actively traded March contract was at $40.28, down 5.4 percent.

posted February 29, 2012 12:04 PM            

That doesn't mean some stations weren't charging more...but not much more..or they wouldn't have been selling much gasoline.

Crude oil fell to under $33 per barrel in intraday trading on January 20, 2009...the day Bush left office.

You can argue till you're blue in the face against these facts but you're going to lose the argument because these ARE facts and your personal recollections are faulty. I showed you the numbers from 3 different sources. I could have found a hundred or more..all reporting the same information.

You failed to note that the first source was a report of the AVERAGE gasoline price on Jan 20, 2009.

"average gasoline price january 20, 2009

1.898 US dollars per gallon"

Randall had it right and has it right. Commodity prices are based on supply and demand. In the case of most commodity prices, they're based on anticipated future supplies and anticipated future demand. If it appears there's going to be an increase in supplies without an increase in demand...prices go down.

This is what Bush understood...and O'Bomber...being an economic dunce doesn't.

When Bush said "drill baby drill" and lifted the moratorium on off shore drilling in America, OPEC, oil traders and oil brokers wet their pants..or robes in some cases. That happened because they realized there was going to be a huge new supply of oil coming on stream. These people may be greedy bast@rds but they're not stupid. America is the biggest customer for oil in the world. The effect was immediate. The price of oil futures began to be bid DOWN as traders scrambled to sell their futures contracts before the bottom fell out of their value. Who the hell wants an oil futures contract to receive 50,000 barrels of crude oil at $149 per barrel when oil can be and would be able to be bought at $120 per barrel. The answer is NO ONE...and make no mistake, an oil futures contract IS a contract and they're enforceable.

Bush had had enough. There was even talk of $200 per barrel for crude oil.

As I said, OPEC, oil brokers and oil futures traders are greedy but they're not stupid. They have access to the very same information Bush had and O'Bomber has. There is more oil locked up in the shale under Colorado and surrounding states that there is under the sand in Saudi Arabia. There are additional billions of barrels of oil in Baakan oil fields and that doesn't even count the untold billions of barrels of oil off the west coast, off the east coast, in the Gulf of Mexico and in Alaska. It also doesn't take into account the gasoline and diesel which can be made from coal. America has the largest coal reserves of any nation on earth.

They thought Bush was serious, thought the game was over when Bush said..drill baby drill and lifted the moratorium on drilling off shore. Oil fell from $149 per barrel to less than $33 in a very few months. Gas went from more than $4 to under $2 per gallon.

O'Bomber reversed everything Bush did then went further and shut down drilling in the Gulf of Mexico, stopped issuing drilling permits and cost American oil companies billions to reapply for permits to drill on patches they had already paid the government billions for the leases.

The greedy bast@rds know O'Bomber is in no way serious about American energy independence. They have his actions as proof he wants higher prices and they're more than willing to take hundreds of billions per year straight out of the pockets of American drivers with higher prices.

The oil industry so called experts and OPEC can trot out all the reports they wish as to why oil is going up and gas is going up, reporters can print their.."opinions" but they're all bullshiiit.

It's not rocket science. Most everyone can understand what's happening and what happened when Bush said...drill baby drill. All anyone has to do is stop listening to the hacks who have a vested interest in high energy prices and high gas prices and all will be crystal clear.

My response..."Easy for you to say katatonic...but I notice you furnished not one molecule of proof...or even an off point argument..to back up what you said."...was to this:

"bullsh!t..darlink!"...katatonic

One more thing katatonic. When the writer of that article you were complaining about talked about cars running on coal, he was talking about electric cars being plugged into electric circuits fueled by COAL. Roughly 50% of all electricity in America comes from coal fired electric plants...you know katatonic...coal..from the very same coal companies O'Bomber wants to bankrupt.

When the lights go out all over America and when those O'BomberMobiles are parked in garages because their batteries can't be recharged, you'll know exactly who to applaud.

Except, there's an election in about 9 months. If I worked in the O'Bomber administration or worked as a staff member for any number of dumba$s congressional members or was one of those dumba$s demoscat congressional members; I'd right now be sitting down and updating my resume..and, I'd leave all mention of ever having worked for Barack Hussein O'Bomber off that resume!

posted February 29, 2012 03:33 PM            

unfortunately DEMAND is down and the price is still going up. what shall we make of that?

i also "furnished proof", or an outside source. as i said(and you can see), it disagrees with yours. as does my memory. however since i live in california, where demand and prices are always higher than many other places, i give you the benefit of some leeway.

that does not mean that everything you say and remember is FACT.

there are many other means of producing electricity than coal.water is a big one!

did you hear that chicago is shutting down coal? not by edict of their chronically corrupt governors, but on the insistence of the population. many jobs will be lost, only to be replaced by the need for cleanup and building something new...i have not yet found out WHAT that something new is, but i did hear recently that new nuclear plants have been authorized (don't know where)..which are clean enough except for all the pesky little waste product and damage control issues...

posted March 01, 2012 10:28 AM            

The reason gas prices are going up in the face of decreasing demand is because OPEC, oil traders and oil brokers well understand they have O'Bomber's blessing to raise prices.

Don't read the following story. It only shows how out of touch with America and free markets O'Bomber and the boobs he's surrounded himself with really are.

However, it confirms what I've been saying for more than 3 years.

Btw, Chu is the little jerk who is on record as saying we need to get gas prices up to the level of gas prices in Europe.

Energy Secretary Chu Admits Administration OK with High Gas Prices
Mark Whittington

President Barack Obama's Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.

Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy.

The Heritage Foundation points out that hammering the American consumer with high gas prices to make electric and hybrid cars more appealing is consistent with Obama administration policy and Chu's philosophy. That explains the refusal to allow the building of the Keystone XL pipeline and to allow drilling in wide areas of the U.S. and offshore areas.

The consequences of the policy are not likely to be of benefit to the Obama administration. The Republican National Committee has already issued a video highlighting the spike in gas prices and the failure of the administration to address the issue.

Presidential candidate Newt Gingrich has issued a half-hour video touting an energy plan he claims would result in $2.50 a gallon gasoline. The plan is based on unfettered drilling for oil and gas instead of a reliance on green energy. Gingrich has also savaged Obama's touting of algae based biofuel as "weird."

Chu has likely highlighted an issue Republicans are going to pick up and run with. Americans are not going to be appreciative of schemes to hit them in the wallet so the American economy can shift to green energy. Besides American traditional adherence to the free market, the idea of being fleeced by a deliberate government policy is likely to be greeted with anger.

Add into the mix green energy fiascos like Solyndra, and Chu might well have kindled a full blown scandal.

How the Obama administration reacts to the expected firestorm is open to question. Green energy is as part of its fundamental religion as is universal health care, another unpopular Obama policy. If it tries to bull ahead, the electorate will likely punish Obama and the Democrats. If it tries to backtrack, Obama looks weak and facilitating, and likely will still not appease gas strapped Americans experiencing price shock at the gas pump.
http://news.yahoo.com/energy-secretary-chu-admits-administration-ok-high-gas-193900713.html

posted March 01, 2012 01:31 PM            

this is MORE the case since bush's policies encouraged the internationalization of oil and other big corporations than it was 10 years ago. so your insistence that it is obama's fault is naive if not disingenuous.

also, once again, the devaluation of the dollar against other currencies, as result of the fed's printing money (inflation being seen as a preventative against DEflation) has increased prices of everything, not just gas and oil. the cost of my smoothie went up by 30% many months ago. the price of milk IS up, and beef jerky, and crackers, and apples, and EVERYTHING.

posted March 01, 2012 03:33 PM            

O'Bomber has a deliberate policy to shut down fossil fuel exploration, production, refining, delivery and use...to the extent he can get away with.

You may think Americans don't know that but before the election in November every American who can read, who has a radio or who watches tv news or the Presidential Debates is going to know O'Bomber is deliberately driving up their gasoline and electricity costs to conform to his Socialist ideology that we should be more like Socialist Europe.

Some..like you will cheer. Most will flip him the byrd and vote for his opponent to get him out of government...along with his idiot Czars, advisors, Cabinet members like the moron Chu and the rest of the Socialist brigade he brought to Washington.

posted March 01, 2012 03:53 PM            

c) that doesn't make it so!
d) sometimes i wish you weren't so gullible yourself, jwhop, for all your stubborness you swallow EVERY talking point fox throws at you.
e)but that is your prerogative!

posted March 01, 2012 04:23 PM            

As if any one with 2 braincells doesn't already know O'Bomber intends to raise gas prices and electricity rates for consumers.

Too bad O'Bomber's mouth can't form the words...Drill baby drill. That was the Magic Bullet for Bush and it would work equally as well for O'Bomber if he hadn't already shown by word and deed that if he said it he wouldn't mean a word of it.

At least Bill Clinton was a good liar. It sometimes took a few years to find out he'd lied through his teeth.

posted March 01, 2012 05:43 PM            

"bullsh!t..darlink!"...katatonic

yes and that "response" of yours came after i had already furnished a backup chart for your reading pleasure.