Friday, April 1, 2011

Did He Mean $4.00 A Gallon Gasoline?

During his campaign, then Senator Obama said that energy prices would necessarily have to skyrocket in response to his energy policies.  Well, it looks like he is true to his word. When Obama took office, gas was below $2.00 a gallon. Two years later, it is now approaching $4.00 a gallon.  What makes this scariest is that his skyrocketing energy prices would be in response to his cap and trade program he had hoped to pass through Congress.  Cap and trade is dead, yet gas prices have nearly doubled in his first two years. Imagine what would have happened if he had been able to pass cap and trade.

I realize that when Bush was President, gas topped out above $4.00 a gallon.  That had nothing to do with policies, but rather speculators messing with the system, there was no shortage of oil at anytime during the price climb of 2007. Once the speculators were encouraged to cease and desist, gas prices plummeted.  If you look at the trend during Bush’s Presidency, prices fluctuated, often in a predictable manner (normally over the summer), but the trend remained fairly steady. Not so much with Obama. It has been a steady climb for two years with very little seasonal fluctuation.

2012 cannot come soon enough.

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