Following up Obama's claim we can't drill to $2 a gallon gas...

Heh...

Gas is near $1 a gallon in some parts of the U.S. https://t.co/LQNWCmHGs3 pic.twitter.com/08uyggjBEl

— CNN (@CNN) February 9, 2016

Obama Takes Credit For Low Gas Prices: "You're Welcome"

Barack Obama has no shame...

Amusing Flashback: In 2011, Time attacked Michelle Bachmann for promising gas under $2 a gallon...

The whole point of the idiot who wrote this article was that cheap gas is caused by a poor economy, not more production as promised by Michelle Bachmann. Well, he was wrong and Bachmann was right. We now have an economy that isn't in recession and low oil prices precisely because of increased production.

So Bachmann has promised to bring gasoline below $2 a gallon — a 56% decrease from the current average price of $3.58 a gallon.
Now, there are a few things wrong with this. For one, the $1.79-a-gallon figure that Bachmann cites is from December 2008, before Barack Obama actually took office. (When Obama was inaugurated, gas cost $1.81 — not a big difference, I know, but how hard would it have been to get the right figure? The data are right here.) More important, though, is the reason that gas was — comparatively speaking — so cheap a few years ago. It wasn’t because the U.S. was suddenly pumping more oil, or because the Saudis had decided to flood the market, or because the head of ExxonMobil lost his mind and started to give all Americans a 2-for-1 deal on gas. The U.S. — and the world — was in the depths of the worst recession since the 1930s, depressing demand for everything from data centers to electricity to driving. It’s Econ 101: precipitous falls in demand usually trigger precipitous falls in price, which is what happened to gas prices, dropping from a high of $4.05 a gallon in mid-July 2008 to a low of $1.69 a gallon at the end of December that year. If you see sub-$2-a-gallon gas again, I strongly suggest that you stock up on bottled water and canned tuna, because the economic end times may be at hand.

Obama's "All The Above" Energy Policy Does Not Include 11.5 Million Acres Of Alaska’s Petroleum Reserve…

Perhaps when gas prices hit $6 a gallon...

Via WSJ:

President Obama is campaigning as a champion of the oil and gas boom he’s had nothing to do with, and even as his regulators try to stifle it. The latest example is the Interior Department’s little-noticed August decision to close off from drilling nearly half of the 23.5 million acre National Petroleum Reserve in Alaska.

The area is called the National Petroleum Reserve because in 1976 Congress designated it as a strategic oil and natural gas stockpile to meet the “energy needs of the nation.” Alaska favors exploration in nearly the entire reserve. The feds had been reviewing four potential development plans, and the state of Alaska had strongly objected to the most restrictive of the four. Sure enough, that was the plan Interior chose. [...]

The problem is almost no one in the energy industry and few in Alaska agree with him. In an August 22 letter to Mr. Salazar, the entire Alaska delegation in Congress—Senators Mark Begich and Lisa Murkowski and Representative Don Young—call it “the largest wholesale land withdrawal and blocking of access to an energy resource by the federal government in decades.” This decision, they add, “will cause serious harm to the economy and energy security of the United States, as well as to the state of Alaska.” Mr. Begich is a Democrat...
.
Keep on reading…

Image of the Day: Gas Price Near White House

Ouch!

Via TWS:

Obama Energy Secretary Chu: "I Don’t Own A Car At The Moment"

Really? No wonder Energy Secretary Chu isn't actively trying to lower the price of gas.



About as close as he gets to a gas pump is behind the tinted widows of his government black Lincoln limo.

FOX News reporter asks Obama if he wants gas prices to go higher

 Interestingly, President Obama doesn't answer the question. Instead, he mocks the reporter.

Worried Democrats press Obama to drill into the strategic oil reserve

 Photo courtesy U.S. Department of Energy
An aerial view of the Bryan Mound storage site of the Strategic Petroleum Reserve

Democrats have spent their lives thwarting development of new fossil fuels, but they are willing to drill into the nations strategic oil reserve if it will get them past the next election.


The Hill:

Congressional Democrats are ramping up pressure on President Obama to tap the Strategic Petroleum Reserve (SPR) to prevent rising gas prices from threatening the economy and their election-year prospects.

They are growing anxious that the price of fuel could reverse their political fortunes, which had been improving due to signs of growth in the economy.

Republicans have hammered Democrats on the price spike, repeatedly noting that gas prices — now at $3.72 per gallon for regular — have doubled since Obama won the White House. [...]

Senior Democratic lawmakers and vulnerable incumbents want Obama to consider releasing tens of millions of barrels of oil stored in the SPR’s special salt caverns along the Gulf Coast.

“We may need it because this is a central issue to economic recovery. I don’t rule that out if there isn’t a move in the right direction,” said Sen. Dick Durbin (Ill.), the second-ranking Democratic leader in the upper chamber.

“If it’s going to jeopardize economic recovery, the president should seriously consider it,” Durbin added. Keep on reading...

Flashback Video: Obama Complains About $3.50 a Gallon Gas in 2008 Campaign Video

Now that gas is averaging $3.58 a gallon, the highest ever for this time of year, President Obama isn't likely to mention the price of gas in any 2012 campaign ads.

Barack Obama 2008 ad on Gas Prices


President Obama isn't like to discuss this Gas Buddy chart which shows an astounding increase in the price of gas ($1.72 per gallon and rising) since he took office.

Via Gas Buddy:

Flashback Video: In 2008, Candidate Barack Obama thought increasing gas prices could be a good thing

I wonder if Obama has the cahones to claim higher gas prices are a good thing in 2012? Gas prices have risen 83% under Obama's tenure.



Via YouTube:

Sen. OBAMA: Well, I think that we have been slow to move in a better direction when it comes to energy usage. And the president, frankly, hasn't had an energy policy. And as a consequence, we've been consuming energy as if it's infinite. We now know that our demand is badly outstripping supply with China and India growing as rapidly as they are. So...

HARWOOD: So could these high prices help us?

Sen. OBAMA: I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money into their pockets, but also by encouraging the market to adapt to these new circumstances more quickly, particularly US automakers, then I think ultimately, we can come out of this stronger and have a more efficient energy policy than we do right now.


TRANSCRIPT:
http://www.cnbc.com/id/25084346/CNBC_Exclusive_CNBC_s_Chief_Washington_Corres...

36 month gas price chart here.

Chart of the Day: 36 Month U.S. Average Gas Price

Here is why you should expect average gas prices above$4 a gallon by Memorial Day.

Via Gas Buddy:

Hope and Change Fail: "I don't like paying $4 a gallon for gas" (video)

Flashback to 2008:

Anne and Joanne, from New Hampshire, talk about why they're supporting Barack Obama.

"I don't like paying $4 a gallon for gas."

She must be pretty unhappy now...

video, flashback, gas prices, Barack Obama,

The hypocrisy of Obama and Democrats over the high price of gas (video)

This video nails them to the wall by their gonads.

Chart of the Day: Obama Gas Price Increase

Thanks President Obama.

Sen. James Inhofe accuses Obama of having Higher gas prices as “explicit policy goal”

Wikimedia Commons

If President Obama has higher gas prices as a policy goal, he has certianly done a good job of implelementing it.

(CNSNews.com) — A prominent GOP senator on energy issues accused President Barack Obama Thursday morning of having set an “explicit policy goal” of making energy prices more costly for Americans.

“My message today is simply this: higher gas prices — indeed, higher prices for the energy we use — are an explicit policy goal of the Obama administration,” said Sen. James Inhofe (R-Okla), chairman of the Senate Environment and Public Works Committee. “Let me put it another way: the Obama administration is attacking affordable energy.”

Inhofe’s comments come as crude oil futures traded up on anxiety over unrest in the Middle East and broke the triple-digit mark in recent weeks. As of Thursday, light crude was trading at over $101 per barrel.

Flashback To 2008: Pelosi Blames High Gas Prices on Senate and White House

In 2008, Nancy Pelosi blamed $4 a gallon gas on "two oilmen" in the White House and obstructionists Republicans in the Senate. She claimed she had passed bills in the House that would bring oil prices down. For the last two years, Democrats had almost absolute control of the House, Senate and White House. During that time, gas prices increased by 70%. What happened to those bills? Don't hold your breath waiting for Pelosi to blame obstructionists Democrats in the Senate and the "community organizer" in the White House.

Gas prices are skyrocketing. What is the story with the drilling ban being lifted?

President Obama did "technically" lift the drilling ban 5 months ago, but no new drilling has taken place. He placed conditions on new drilling permits no one has been able to meet. The drilling ban lift was all for political show. You have to actually issue drilling permits to create jobs and add new petroleum to the supply chain.

Though The White House lifted the official moratorium on drilling last October, no new permits have so far been awarded by the Bureau of Ocean Energy Management, Regulation and Enforcement, part of the US Interior Department. Officials are insisting that the industry must be able to clearly show that it has the capacity to contain an offshore spill before it grants any permits.

On Friday, Ken Salazar, the Interior Secretary, met in Houston with Marine Well Containment, a consortium from the oil and gas industry working on containment plans.