Comment Up
Back in August 2008, Obama was a candidate for President. At that time, oil was $120 a barrel and the average retail price of gas was approximately $4.21 a gallon. It has been higher. Obama was on record as opposing tapping the reserve, the largest stockpile in the world, and he called for the government to swap light crude in the reserve for heavier oil.
Today's paper says that he and his administration "May tap into strategic oil Reserves" because he is afraid that the price of oil might damage the U.S. economy. Some Democrats are pushing for this action. According to the Washington Post, "The Obama administration’s 2012 budget proposes selling 7 million barrels of oil from the reserve, which would generate about $500 million." For what?
So, the question is, what does Obama really think about oil prices and how it is affecting our economy? Should we believe him when he said in 2008 that he was opposed to tapping reserves and that he preferred gradual rises in the price or should we believe the latest that he is thinking about tapping reserves?
“I’m buying an electric car tomorrow,” said Lamar Alexander, speaking on CNN’s “State of the Union” on Sunday. “And that’s going to give me the patriotic pleasure of plugging in and not sending money overseas to people trying to blow us up. What we need to do is find more of our own energy, and that means explore offshore. That means explore in federal lands for oil and natural gas and means explore in Alaska.”
4 comments:
Hopefully there is someone within the city with enough acumen to have have seen this increase in oil prices coming.
This is one reason to believe the folks in power when they say they want higher gasoline prices. Regardless of what happened in the middle east, this administration was going to choke off the supply of oil to the U.S. by any means necessary. Their favorite method to date has been the withholding of permits for electrical generation and oil drilling.
If Lake Worth did not lock in fuel prices early on, then someone should be terminated.
Right on, Lamar.
Any comments from our head FMPA cheerleader, Becky Mattey? Tapping our strategic oil reserves will do NOTHING to help. We have about a 20 day supply. Big deal. Speculators are driving up the prices.Hysteria and an administration that has NO IDEA of what to do about this crises in the middle east are allowing oil commodities to explode. Libya supplies the U.S. with about 2% of our oil. Not exactly a crises situation.The bigger picture is the OBAMA BIAS towards the oil industry . Look how Obama refused to act in the gulf crises. Look how the administration has shut down oil production in the gulf of Mexico! I never thought I'd say this ,but I miss the good old days of Jimmy Carter!
Post a Comment