Anyone who has put gas in their vehicles lately knows that prices are going up at the pump. Soon, consumers will be paying $4.00 per gallon at the pump - again.
On Friday, Rush Limbaugh said it was exactly what the President wants.
Remember, the president is on record as saying he didn't mind $4 a gallon. He was a little disturbed about how quickly it got there. But for the regime, four bucks or higher, that's exactly what they want! They hate oil, they hate anything to do with it, and there's their Chevy Volt and the Nissan Leaf -- all these electric cars that nobody is buying. We got the numbers in on that and even Dale Earnhardt Jr. has now joined the crusade of bashing the technology of the Chevy Volt. Yeah. Dale Earnhardt Jr.
The same day Limbaugh said this, oil prices hit a two-year high at $103.57 per barrel, and gas prices have gone up more than 10 percent in three weeks.
Meanwhile, instead of drilling and producing energy in the United States, the Obama Administration plans to tap the backup oil reserves if the situation in Libya disrupts oil supplies, according to an article at CNN.
Treasury Secretary Tim Geithner told lawmakers Thursday that the U.S. and other nations are prepared to tap back-up oil East, and investors have been worried that chaos in the region will drive crude prices even higher. …
“It’s important to note that there is considerable spare oil production capacity globally, and we and other major economies possess substantial strategic reserves of oil,” he said in prepared remarks. “If necessary, those resreserves if Libyan unrest continues and severely disrupts oil supplies.
Libya is the first oil exporting nation to be engulfed in the political upheaval spreading across North Africa and the Middle erves could be mobilized to help mitigate the effect of a severe, sustained supply disruption.”
The Treasury secretary reassured lawmakers that underlying inflation remains low nationwide. And he said the U.S. has “considerable spare oil production capacity” it could consider tapping in the event of a “major” supply disruption.
During the 2008 campaign, then Senator Obama promised that energy prices would skyrocket in his administration. His policies to date are making that a reality.
Limbaugh reminded his listeners of the moment in the campaign when Obama explained his view of the high gas prices, and gave his opinion of Obama's position:
RUSH: Here it is, from June the 10th of 2008 -- CNBC's Your Money, Your Vote -- the chief Washington shill, John Harwood. Yes, I said "shill." This guy supposedly works in the media but wait until you hear the question. He's interviewing Senator "Barack-ay" Obama (as pronounced by Khadafy), and the chief Washington shill for CNBC, John Harwood, said to Obama, "Could the high prices help us?" President Bush, could the low unemployment numbers help us? What is this, "Senator Obama, could the high prices," oil, gasoline, could the high prices "help us?" What the hell is that? It's a shill. And here's what Bamster had to say.
OBAMA: I think that I would have preferred a gradual adjustment. The fact that, ehh, this is such a shock t'American pocketbooks is not a good thing. Uh, but if we take some steps right now t', uh, 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.
RUSH: "I would have preferred a graaaadual increase in prices. I don't mind the high price, John, Mr. Harwood. I don't mind the high price at all. I just think we got there a little bit too quickly. But it actually could help us move into this worthless green technology area, which is nothing more than a slush fund money laundering operation for me."
When gas and oil prices go up, so does the price of food as transportation costs increase.
Hot Air's Ed Morrissey notes that If America had followed the policies initially put forward by the Bush administration, we would be in a much better position to weather any unrest in the Middle East.
Now, thanks to foot-dragging by bureaucrats, and drilling "permatoriums" established by the Administration - in direct violation of court orders - the nation is once again faced with $4.00/gallon gasoline, and everything that goes with it.
But don't expect the Administration to do anything to ease the pain. Obama himself has said he has no problem with high prices, and his record thus far indicates that by the time he makes a decision, gas prices will be over $15.00/gallon.
The time for fiddling, dithering and foot-dragging is over. America needs to drill and drill now. Alternate forms of energy are fine, but cars today require gasoline, which comes from oil.
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