Sunday, February 27, 2011

A Policy Sure to Impoverish Us All - Obama Hates Oil/America

Why does Obama hate oil so much? Why Why Why? Could it be that oil and all the products that are derived from it represents American freedom to travel and ingenuity? Could it be that Obama resents American freedom and ingenuity...our can do spirit? What else can one make of this administration's utter disregard for the fact that America needs oil to function and that we have abundant oil and that we need to drill for it. Ask yourself what it accomplishes. Only one thing - to make us impoverished and to force us to downscale our lives as a consequence.

The day before President Obama was inaugurated, the average price of a gallon of gas was $1.83, the Heritage Foundation notes. Today it's well over $3 and on the way to $4. Prices for this February and last December were the highest ever for those months.

While we sit on abundant oil and natural gas reserves, prices at both the wellhead and the pump are rising on fears of spreading Mideast turmoil and short domestic supply. But then, maybe that's the plan.

The silver lining for this administration in the gathering storm over the Middle East may be what it's doing and may yet do to energy prices. The average price for gasoline jumped nearly 12 cents a gallon last week to $3.287, according to AAA. But at the White House, that's not necessarily bad news.

...The administration's hostility to fossil fuels is documented. Immediately on taking office, Interior Secretary Ken Salazar canceled 77 leases for oil and gas drilling in Utah. Recently, in a stunning land grab, Salazar issued an order allowing Bureau of Land Management officials to place land with "wilderness characteristics" off-limits to energy development. Some 6 million acres in energy-rich Utah would be affected...

...John Hofmeister, former president of Shell Oil, told Platt's Energy Week Television that Americans could be paying $5 for a gallon of gasoline by 2012 based on the uncertainty of world events, the lack of domestic supply and increased worldwide demand fueled by countries like India and China.

Democrats once accused Big Oil of deliberately restricting supply to enrich itself. Now the Obama administration may be doing the same on purpose — a policy sure to impoverish us all. READ "Does Obama Want $8 Gallon Gasoline?

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