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Rising gas prices, deafening silence

I just tripped over this Heritage Foundation post put up a few days ago and thought it might be worthy of our attention:

"What do you say to people who are losing patience with gas prices at $3 a gallon? And how much of a political price do you think you're paying for that, right now?" This was a question asked of the president at a press conference in August...of 2006. The president was George W. Bush. In fact, it was a question that was asked in one way or another regularly during the entire eight years of the Bush presidency, regardless of where energy prices stood at that moment.

In May 2004, The New York Times reported that congressional Democrats "were stepping up pressure on the Bush Administration to ease gasoline prices," when prices were still under $2/gallon. In April 2005, at another press conference, a journalist stated: "Mr. President a majority of Americans disapprove of your handling of social security, gas prices..." In 2006, Senator Barbara Boxer (D-CA) exclaimed: "Since George Bush and Dick Cheney took over as president and vice president, gas prices have doubled...They are too cozy with the oil industry" after she drove one less-than-energy-efficient block to a press conference at a local Exxon station.

In 2008, then-Speaker Nancy Pelosi (D-CA) "blasted" the president for rising gas prices on his (and her) watch. In July 2008, ABC News asked the president what was his "short term advice for Americans about gas prices?" repeating a nearly identical question asked at a February 2008 press conference. In April 2008, Senate Majority Leader Harry Reid (D-NV) said gas prices were "the number one issue facing America today."

You get the point. Yet, at the end of President Bush's presidency, gas prices were 9% lower than when he took office (adjusted for inflation). So where have these outspoken critics been since Bush left office?

Since President Barack Obama was inaugurated, gas prices have been on the steady rise, as have home energy prices. During his tenure, he presided over arguably the worst federal response to an oil spill in our nation's history, and has pressed legislation on Capitol Hill that would, in his own words, cause electricity prices to "skyrocket." Yet there has been almost nothing said by the media as consumers face $3/gallon gasoline at the pump in December for the first time in U.S. history and see their home heating bills soar in the winter months.

Now this week, analysts including former president of Shell Oil, John Hofmeister, say Americans could be paying $5/gallon of gasoline by 2012. Investment banks are predicting a return to $100/barrel oil, and OPEC is refusing to raise production. All of this news would be less frightening if the White House were focusing on potential ways to lower energy prices. Instead, President Obama is admittedly fixated with raising them.

There's tons more including details on what Obama's doing to the oil drilling industry but let's go to the Wall Street Journal for fresher news on that subject:

More than two months after the Obama administration lifted its ban on drilling in the deep-water Gulf of Mexico, oil companies are still waiting for approval to drill the first new oil well there. Experts now expect the wait to continue until the second half of 2011, and perhaps into 2012.

The administration says it is simply trying to enforce new safety rules adopted in the wake of the April 20 explosion of the Deepwater Horizon drilling rig, which killed 11 workers and set off the worst offshore oil spill in U.S. history. Environmental groups say the administration is right to take its time because the Gulf disaster exposed the risks of offshore drilling.

But the delay is hurting big oil companies such as Chevron Corp. and Royal Dutch Shell PLC, which have billions of dollars in investments tied up in Gulf projects that are on hold and are paying hundreds of thousands of dollars a day for rigs that aren't allowed to drill. Smaller operators such as ATP Oil & Gas Corp., which have less flexibility to focus on projects in other regions, have been even harder hit.

The impact of the delays goes beyond the oil industry. The Gulf coast economy has been hit hard by the slowdown in drilling activity, especially because the oil spill also hurt the region's fishing and tourism industries. The Obama administration in September estimated that 8,000 to 12,000 workers could lose their jobs temporarily as a result of the moratorium; some independent estimates have been much higher.

The slowdown also has long-term implications for U.S. oil production. The Energy Information Administration, the research arm of the Department of Energy, last month predicted that domestic offshore oil production will fall 13% this year from 2010 due to the moratorium and the slow return to drilling; a year ago, the agency predicted offshore production would rise 6% in 2011. The difference: a loss of about 220,000 barrels of oil a day.

In other words, gas prices will be staying higher into the foreseeable future and Obama's policies are the cause.

And yet nothing from the media on it, nothing from those same voices that were beating Bush all to hell when he was in office.  It's outrageous.  It's maddening.  And frankly, I think it's deliberate.

This guy wanted to fundamentally transform America and by God that's exactly what he's doing.

2012 cannot get here soon enough.


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Comments (16)

Hell, I'd like to pay $3/ga... (Below threshold)

Hell, I'd like to pay $3/gallon. Here in 'sunny Southern Kalifornia gas is $3.39/gallon.

"This guy wanted to fundame... (Below threshold)
jim m:

"This guy wanted to fundamentally transform America and by God that's exactly what he's doing."

Heck Yeah. With California now resembling 1930's Ukraine I'd say that he is right on his original plan to transform our nation into the worker's paradise.

There is one area where I confess that I had him wrong. I thought that he was interested in redistribution of wealth. But with his recently lifted moratorium on oil exploration and funding of foreign oil exploration I have come to the realization that he does not intend to redistribute wealth within America, but he intends to redistribute America's wealth overseas.

He is using our tax dollars to enrich other nations and build their economies at the expense of our own.

Of course it's deliberate. ... (Below threshold)

Of course it's deliberate. They will never aim any sort of meaningful criticism at The One, their messiah, and certainly not any criticism equal to what their directed at his predecessor. Obama could invade Venezuela for no reason and the left stream media would respond with fawning, adoration and, if they could, deification. There would be no cries of "War of aggression!" or "War for oil!"

I've never been more proud ... (Below threshold)

I've never been more proud of the Indonesian jackal in chief.

The biggest part of the sto... (Below threshold)
diogenes online:

The biggest part of the story that you're missing Rick is the currency issue. The dollar's being debased. Precious and base metal prices going thru the roof too. There's a train wreck coming...

But Bush inherited smooth s... (Below threshold)

But Bush inherited smooth sailing, lollipop highways, and budget surpluses as far as the CBS eye could see, so gas prices were all he had to worry about. Obama, on the other hand, inherited a complete disaster, an economy on the brink of utter desolation and ruination, so high gas prices are the last thing he needs to worry about.

The more time you spend tracking the gutless, deceptive dips in the press the easier it is to predict what their response to the 'laughable' complaint detailed above would be...if they ever deigned to acknowledge it.

The president was George... (Below threshold)
Jay Guevara:

The president was George W. Bush.

Ah, back when we had an American President. (Sighs wistfully.)

...seems so long ago....

you 'think' it's deliberate... (Below threshold)
swift boater:

you 'think' it's deliberate??

Media hypocrisy is a subjec... (Below threshold)

Media hypocrisy is a subject that we could spend countless hours pointing out and talking about.

The only thing it'll get us is a bad case of heartburn.

In retrospect, if Barry had... (Below threshold)

In retrospect, if Barry had it to do over again he would do the same dumb ass thing. He can't quit dumb.

"He can't quit dumb."... (Below threshold)

"He can't quit dumb."

That's what happens when you rely on the Socialist Playbook. It's always been a failure, but that doesn't stop some elite assholes from saying "We'll get it right THIS TIME."

Buraq is irrelevant. Soros ... (Below threshold)
Jay Guevara:

Buraq is irrelevant. Soros calls the shots. If Soros wants, Barry will put on a minstrel show.

Kabuki theater with an In... (Below threshold)

Kabuki theater with an Indo-Kenyan yoda eared puppet.

Hell, with Obama's Federal ... (Below threshold)
Caesar Augustus:

Hell, with Obama's Federal Reserve running amok and left-wing hedge funds in de facto control of the Treasury Dept. we'll be lucky if gas prices stay under $6.00 over the next 24 months.

Don't worry. Nancy Pelosi a... (Below threshold)

Don't worry. Nancy Pelosi assured us that the 2006 Congress would do something about that expensive $2.25/ gal. gas!
She just didn't say what...

And not a single story on h... (Below threshold)

And not a single story on how the economy is creating a homeless surge since Jan 2009!






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