Historic Day….Gas Prices Have Never Been Higher: “
You know what makes today historic?
Gas prices have never been higher:
This while our President does nothing to help stem the tide. Instead he says that we can’t drill our way to lower gas prices since we only have 2% of the oil in the world. This conveniently leaves out the fact that we have enough recoverable oil for the next two centuries. The 2% figure comes from the CURRENT oil reserves.
Of course we would need to start drilling to get that oil. Something he doesn’t want to do.
But doesn’t he imply that it was due to his administration that oil production was at an eight year high? That oil rigs had increased? That more land was opened for drilling?
Of course he does. He is a master at deception
“Gasoline prices are higher today at least in part because government has neglected to pay sufficient attention to the importance of producing more of our own oil and natural gas,” said API Director Erik Milito.
President Obama likes to brag that oil and gas output has risen during his term. True, but he had absolutely nothing to do with it. Output, according to a new API study, “increased in 2011 over 2009 only as a result of growing production on state and private lands — up almost 29% for oil and 22% for natural gas.”
By comparison, on federal lands, which Obama’s administration controls, production fell 7.9% for oil and 6.8% for natural gas over the same period.
Oil markets understand that the increase in oil production was due to decisions made 5 years ago. They also see what is coming in the next 4-5 years by the decisions being made by THIS administration. The price of oil today is increasing because of the outlook for tomorrow.
But why the deceptions. It was only a few years ago that he, and those in his administration, admitted that high gas and energy prices isn’t all that bad.
Click here to view the embedded video.
His Secretary of Energy:
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,”
Oh, sorry…he “retracted” his statement…but doesn’t regret it:
But Chu declined to say whether he regretted making the 2008 comments.
“Let me not comment on that,” he said.
Would he like to comment on this?
Chu specifically cited a reported breakthrough announced Monday by Envia Systems, which received funding from DOE’s ARPA-E, that could help slash the price of electric vehicle batteries.
He also touted natural gas as “great” and said DOE is researching how to reduce the cost of compressed natural gas tanks for vehicles.
High gasoline prices will make research into such alternatives more urgent, Chu said.
“But is the overall goal to get our price” of gasoline down, asked Nunnelee.
“No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy,” Chu replied. “We think that if you consider all these energy policies, including energy efficiency, we think that we can go a long way to becoming less dependent on oil and [diversifying] our supply and we’ll help the American economy and the American consumers.”
Obama has clearly stated in the past that he wants to increase the price of energy from oil and coal, to tax those who do provide that energy into oblivion. Those placed in charge of energy inside his administration have clearly stated they want prices to increase so we will be forced into the boondoggle known as green energy.
But now that polls show he is getting hurt by these rising prices he wants to make us believe that HE is the oil man that everyone accused Bush of being.
(Via Flopping Aces.)