If you're looking to the Obama Administration for help with lowering gas prices, you may be in for a long wait. It turns out that $7 gas is one of the goals of a member of the Cabinet.
Energy Secretary Steven Chu - before he was chosen by Obama for that post - told the Wall Street Journal in September of 2008 that "somehow we have to figure out how to boost the price of gasoline to the levels in Europe."
Keep in mind that at that time, the European price averaged about $7 a gallon, while U.S. consumers were paying about $2.25. Well. Chu and Obama are well on their way to getting their wish, as we are roaring towards a nationwide average of $4 a gallon, and likely are on the way to $5 by summer.
At the same time, as you can read here, the Obama Administration has forced Shell Oil to back away from a drilling project in Alaska where 27 BILLION barrels of oil are estimated to be available. Obama's folks shut down the project by denying a permit, citing potential air quality issues in a village of 245 people that is 70 miles away from the drilling area.
Just more "hope and change" for you.
Gah! So aggravating!
ReplyDeleteDidn't we fight a war so we could STOP being European?