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Get Ready for $6-8 a Gallon Gas [Reader Post]

You never want a serious crisis to go to waste”

This is the kind of stuff that makes you believe in conspiracies.

It could be said that Sen. Chuck Schumer catalyzed the banking crisis when he publicly badmouthed IndyMac and caused a panic with a run on the bank that eventually cascaded into the full blown credit crisis. It turned out to be a fortuitous turns of events for Barack Obama who might not have won the Presidential election had it not been for the credit crisis.

Thank you Chuck Schumer.

Now Barack Obama is using the Gulf oil spill crisis to press his energy agenda. Obama has ordered 33 oil wells in the Gulf shut down. That’s going to hurt Louisiana:

Chris John, president of the Mid-Continent Oil & Gas Association, said a temporary shutdown of well operations could put people out of work, and will affect offshore marine service companies, catering companies and Louisiana-based suppliers.

Whether it is really necessary to shut these wells down is a matter of debate:

Given that all 33 rigs recently passed inspections, John suggested that the moratorium is unnecessary.

The effect of halting off-shore drilling could be catastrophic:

“While we dream about a new energy system that is decades in the future, the prices that consumers will have to pay for things like gasoline, electricity, and diesel would just skyrocket” if America halts offshore driller, Hofmeister tells Aaron and Henry in the accompanying segment. “Prices could get to the point where fixed-income and low-income people are simply taken out of the personal mobility marketplace, which would be a shock and unnecessary because of our unwillingness to produce domestic resources.”

How much of a shock? $6-8 a gallon.

If you have watching this terrible event closely, you’ll note that Obama did not take it seriously at first. Then as the public outcry got louder and pressure grew on Obama he began to ratchet up the pressure on BP, rattling the saber and threatening BP with prosecution. If the public turns on Obama even more, one almost expects that Obama would simply incarcerate BP’s CEO.

Obama has seized upon this crisis to push his dream agenda:

“The time has come, once and for all, for this nation to fully embrace a clean energy future,” Obama said. “That means [making] everything from our homes and businesses to our cars and trucks more energy efficient. It means tapping into our natural gas reserves, and moving ahead with our plan to expand our nation’s fleet of nuclear power plants. And it means rolling back billions of dollars in tax breaks to oil companies so we can prioritize investments in clean energy research and development.”

And then other shoe drops:

The president also renewed his call for what critics characterize as a carbon tax.

“The only way the transition to clean energy will succeed is if the private sector is fully invested in this future,” he said. “And the only way to do that is by finally putting a price on carbon pollution.”

This would for certain destroy the country financially and render us entirely unable to compete in the world economy. We can’t say he didn’t warn us:

This would make $6-8 a gallon gas look cheap. That is, if you could find it.

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