Yesterday Barack Obama promised to get to the bottom of the skyrocketing oil price barrel.
RENO, Nev. (AP) — President Barack Obama said Thursday that the Justice Department will try to “root out” cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline’s surge to $4 a gallon.
Apparently Obama just learned that high gas prices cost more than lower gas prices.
Obama, decrying such levels as yet another hardship “at a time when things were already pretty tough,” said Holder was forming the Financial Fraud Enforcement Working Group.
There’s no evidence of fraud, so Obama’s going to investigate fraud.
Given that no evidence has yet surfaced of actual fraud or price manipulation in oil markets, Obama’s remarks appeared, at least in part, as more of an attempt to assuage public anger over rising gas prices.
Maybe he ought to have a close look at this guy talking to John Harwood. Harwood interviews the guy who supports higher gas prices.
Or maybe he should investigate this guy.
This is the guy who said that government price signals should be used to change behavior. He also admitted that his electricity plans are simply a means of wealth redistribution.
Obama said that coal-powered cars would become cheaper
Asked by a member of the audience about prospects for advancements in clean energy, Obama predicted that, with time, prices of now-expensive devices such as electric cars would come down.
Obama used flat screen TV’s as an example
“Having a flat-screen TV used to be a big deal,” Obama said. But he said now such TVs are commonplace because prices have dropped so much.
Without any interference from the frickin’ government, thank you.
Maybe if Obama quadruples the subsidy….
The Chevrolet Volt is beginning to look like it was manufactured by Atlas Shrugged Motors, where the government mandates everything politically correct, rewards its cronies and produces junk steel.
This is the car that subsidies built. General Motors lobbied for a $7,500 tax refund for all buyers, under the shaky (if not false) promise that it was producing the first all-electric mass-production vehicle.
Obama loves the Volt
While acknowledging he doesn’t spend much time these days behind the wheel, Obama said, “I’ve been in one of these Chevy Volts. This is a nice car. It drives well.”
Heck, it’s a barn burner for GM.
A fire apparently reignited inside the battery of a new Chevrolet Volt car early Monday, less than five days after the Volt, an electric hybrid, was involved in a blaze that destroyed a Barkhamsted garage where it had been plugged in for recharging.
Local authorities have been investigating whether Thursday’s blaze was sparked by the Volt, but had not yet determined a cause when the fire rekindled.
Then Obama inexplicably said
He said when such vehicles become more affordable, “those of you out there driving that 8-mile-a-gallon SUV” should consider a purchase. Otherwise, by buying gasoline that likely came from imported oil, Americans “are putting money in the pockets of people who do not like us at all,” he said.
Said the guy who just promised Brazil that the US would be Brazil’s best oil customer.
Obama is creating a distraction from the fact that this is precisely what he wanted to do to this country. Fortunately, liberals have no brain in which to store long term memory. To them this will all be new and Obama will be cheered for his snipe hunt.