Things Obama is doing to drive gas prices up


Obama insisted yesterday that “There is no magic formula to driving gas prices down.” That is true. But there are also things the government can do that will drive the price of gas up. And the Obama administration has done many of them including:

  • 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.
  • Last 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.
  • The EPA is slowing a pipeline that would expand U.S. access to Canadian oil sands.

The entire article is here

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One of these might have been explainable.
Even two of them, considering the oil spill in the Gulf.
But all of them is certainly a pattern.
Obama wants to drive up the prices of gas.
Oh, and BTW, for a funny video, BBC’s Top Gear test drove the $200,000 dollar Government subsidized Tesla roadster.
Neat-o car!
BUT….the Top Gear guys were funny and honest.
It only gets 55miles to a charge then requires 16 hours to recharge!
They suggest buying two of them if you can afford one.
And they had two.
Both broke down on the first day they drove them.
Also, the gas powered car the Tesla is based on…..1/3rd the cost and handles way better, more dependable and just as cute.

Obama and the feds and Tesla are trying to sue BBC and Top Gear!
For what?
Telling the truth.
No 200 miles per charge!

One other thing.
Richard Fernandez at Belmont Club hints at why Obama thought he could pull this off …. for a while:

Fuel and food prices have been defined out of the calculation of “core inflation” by the the Fed.

Excluding food and fuel from the accounts means measuring demand in categories for which demand has shrunk because less disposable income is left over.

By measuring only non-food and non-fuel prices, policymakers can make the argument that inflation is actually stable or going down.

That may convince the press, but it may not convince the public.

Inflation is the one piece of news that the administration’s allies in the media cannot conceal.

The daily news from the supermarket cash register speaks, and the gas station is more eloquent than anything that the New York Times can print.

The rest.