Pres. Obama, GOP not 'licking their chops', but we'll all be licking our wounds
Then he went on to say, They [Republicans] are already dusting off their 3 point plan for $2 gas... Step 1 is to drill, and step 2 is to drill, and then step 3 is to keep drilling, something he has been thwarting every chance he gets.
Sadly, the President believes higher energy prices will encourage us to adopt his greener energy initiatives such as algae or whatever, though "the president admitted, no one actually knows how to turn algae (or a million other things) into motor fuel".
Obama also touted higher fuel standard regulations as a way to help us out of our gasoline shortage. Maybe he should urge the EPA and Congress to rescind the ethanol mandates? That would increase fuel efficiency by what, 10%? (He must have forgotten to mention proper tire inflation this time.)
He bragged that the U.S. was producing more domestic oil than ever, inferring that is why we need to turn to green energy, but failed to mention that higher production level was from the Bakken Shield oil shale fields in North Dakota and other oil rich areas on private property. (In other words, no thanks to his oppressive oil policies.) No mention of how he has rejected approving Canada's Keystone oil pipeline, which would help us "build an energy-independent North America".
No, this is the same man who in January of 2008 said under my plan, under a cap and trade system, electricity prices would "necessarily skyrocket". Clearly, he doesn't mind higher energy prices.
High gasoline prices hurt the very people who can least afford them: the unemployed, the under-employed, large families, lower to middle class people, areas dependent on tourism, and businesses in general.
The one saving grace of this recession was at least gas prices were low. But now what little disposable income these people have will go into their gas tanks. Discretionary spending will go down. Vacation plans will be cut back.
We'll all be licking our wounds with high gas prices. True, there isn't much we can do about it right now, but what about in the next decade? Algae research will not help; Drill, Baby, Drill and Keystone would. Remember that when you cast your ballot in November.
Krauthammer MOCKS Obama's Algae Energy Plan
Barack 'All of the Above' Obama
Obama Vows to 'Double Down' on Green Investments Despite Solyndra and Volt Flop
Links: Practically Speaking, Fairly Conservative, RandyMelchert, Betterbrookfield, Jay Weber, Vicki McKenna, WisPolitics Quorum Call, Wisconsin Reporter, CNS News, Mark Levin, Breitbart BigGovernment, The Heritage Foundation