Thursday, May 05, 2011

Obama's War on Oil

Obama's War on Oil
american spectator ^ | 5-4-11 | Peter Ferrara


Posted on 05/05/2011 11:02:39 AM PDT by WOBBLY BOB

Why would President Obama want high gas prices? It's a matter of ideology for him. He thinks it's good for the environment for gas prices to be high. The higher gas prices are, the less you will drive. 

Also, higher gas prices make his beloved "alternative fuels" more competitive. That is because these alternative fuels are inherently more expensive, and so can't compete with cheaper gas.

Note this is not a prescription for easing the financial burden on working people. High gas prices make it more likely you will buy expensive "alternative fuels." But either way, your wallet will still be drained.



(Excerpt) Read more at spectator.org ...

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