When I filled up at the gas station this afternoon, the price for regular gasoline was $4.49, an incredible price for the end of August. All of America is suffering the result of short sighted energy policies adopted by president Obama. Just imagine what the cost reduction would be if Obama had allowed drilling on Federal land to rise like that on private land has. The oil production from private land over which Obama has no control is up by over 15% in the last four years. Production from federal lands and off shore, the place where Obama has control, is down by about 11%. Had Obama just allowed the production on federal land to keep pace with the private efforts, there would be much more oil flowing from American wells right now. No one can say for sure exactly where the price of gasoline would be right now, but one thing is certain: it would be substantially lower than $4.49. A fair estimate is that a reasonable energy policy could have the price down by about a dollar a gallon right now. In short, Obama has failed and we all are paying the price.
2 comments:
Yep, Obama knows how high gas prices mean it's much more likely that he'll get re-elected. Great analysis!
Yep, Obama knows how high gas prices mean it's much more likely that he'll get re-elected. Great analysis!
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