Brian Koenig ^ | 4/7/11 | Brian Koenig
Posted on Thursday, April 07, 2011 10:53:41 AM by Freemarkets101
"I'm just going to be honest with you. There's not much we can do next week or two weeks from now," President Obama said on Wednesday, as he anticipates the pending doom of $4 a gallon gasoline.
But the fact is, the Obama administration previously called for $7 a gallon gasoline. Two years ago, Obama's Energy Secretary Steven Chu wanted to "figure out how to boost the price of gasoline to the levels in Europe," which at the time were over $7 a gallon.
This is not just a public statement but also a result of anti-oil government policies over the past couple years. A blog by the Heritage Foundation outlined many areas in the Obama administration that have contributed to increased oil prices:
-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;
-This 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.
Of course, these policies, and the anti-drilling, anti-oil propaganda may vanish now that Obama is decreasing his chances of a 2012 presidency. A poor economy -- which high oil prices may have a further impact on -- is not exactly a good campaign contributor.
Read Brian Koenig's blogs and columns at www.brianekoenig.com --**********
Hey, See the Reader Responses on each article,
they are gems in themselves!
**********
**********
Gunny G: BLOGGER 1984 +
http://gunnyg.blogspot.com
and...
http://gunnyg.wordpress.com/
**********
**********
**********
No comments:
Post a Comment
Note:
The 'Reader Responses; shown on many posts/articles are almost always worthwhile reading.
Often, the comments by readers enhance the posted article greatly, and are informative and interesting.
Hopefully, all will remember to read the reader comments, and post their own as well.
Thanx
*****