Via Hot Air comes this rather-embarrassing 2008 Obama campaign video that’s simply too good – and by ‘good’ I mean ‘humiliating to the Obama administration’ – not to share. Here you go: Hear that? When elected, Barack Obama promised to do something about those awful THREE DOLLAR AND FIFTY CENT A GALLON gas prices! Because of all those awful OIL COMPANIES! Wasn’t that nice of | Read More »
Tulsa World headline: Obama: No magic bullet to lower gas prices WASHINGTON — President Barack Obama says there is no easy answer to the problem of rising energy prices, dismissing Republican plans to address the problem as little more than gimmicks. “We know there’s no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight,” Obama said Saturday in | Read More »
To hear the White House and President Obama tell it, high gasoline prices are here to stay and we better get used to them. If Americans would quiet down and accept $4.00 a gallon gas, it would certainly make the President and his environmentalist allies happy—but it would also require us to forget everything we know about American energy. During the years I was speaker | Read More »
On an annual basis, retail gasoline prices hit an all-time high in 2011. The average price for all grades was $3.576 per gallon, vs $3.299 in 2008. Meanwhile, the shale gas revolution has set the stage for declining prices per mmbtu of natural gas.
As the graph below shows, the price of gas is languishing just above $4.00 per thousand cubic feet. I’m selling gas at 2/3 the price it was back in 2005, and about a third of its peak price in 2008! Somebody must be cheating me out of my gas, and it’s about time Obama looked into it! Huh? What’s that? You don’t think that’s the | Read More »
“We’re looking at the options,” including drawing on the Strategic Petroleum Reserve, William Daley said. “It is something that only is done—and has been done—in very rare occasions. There’s a bunch of factors that have to be looked at. And it is just not the price.” – (HT: Breitbrt.com) In the recent two years, oil has gotten progressively more expensive and as a result, gasoline | Read More »
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