Framing the Dialogue

Jumpin Barack Flash…There’s No Gas Gas Gas

It seems like the price of gasoline jumps ten to twenty cents between each time I need to fill my tank.  I don’t have a particularly long commute and I am able to start work early to avoid most traffic, but between work and play I fill up twice a week.  The price of crude oil is again spiking hurtling us ever closer to four dollar a gallon gasoline.  Perhaps the bigger story is how quiet Congress and the lame-stream media are on the high prices; I should point out that not only gas prices are skyrocketing – media also fairly silent.  It’s almost as if they are trying to protect someone or like the high prices.

“We have been slow to move in a better direction when it comes to energy usage. And the president [Bush], frankly, hasn’t had an energy policy.  And as a consequence we’ve been consuming energy as if it’s infinite. We now know that our demand is badly outstripping supply with China and India growing as rapidly as they are. [Then Senator Obama is asked if the high oil prices help us]  I think that I would have preferred a gradual adjustment. The fact that this [$4.00 per gallon gasoline] is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers.”

Barack Obama (2008 interview on CNBC)

To paraphrase Senator Obama’s words;  I don’t mind high gas prices.  I like high gas prices.  Our gas prices are too cheap.  We should be paying a lot more for gasoline.  It would be nice to be able to look back in history for a time when gasoline prices spiked so rapidly; if only that example existed.  If only…

At the height of the gasoline price rise during Bush’s administration the media was all in a frenzy.  Bush and Cheney were linked with “big oil” and vilified about the prices.  On July 14, 2008 President Bush took the bold step to withdraw a presidential executive order banning drilling for oil in the Outer Continental Shelf (I believe that his father issued the original order).  A quick look at the chart (the white section between Bush and Obama) tells a startling tale about what a suggested increase in oil production can have on market prices.  Now that Barack Hussein Obama faces a similar situation, though painfully accelerated and with much higher unemployment numbers, WWBD?  What will Barack Do?  Here is a sampling of recent headlines to give you a sense of his commitment:

Gas prices rise for 35th straight day

Obama reissues call to end oil company tax breaks

Attorney General Holder expresses energy market concerns

Obama: Task Force To Investigate High Gas Prices

Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans

My summary…Higher prices, less oil exploration, send in the clowns (Justice lawyers), task force = delay, less crude available = higher prices.  That’s kind of a loop.  In case you were feeling depressed here are some words from our fearful White House resident;

“High oil and gasoline prices are weighing on the minds and pocketbooks of every American family…there is no silver bullet to address rising gas prices in the short term.”

BHO

What me worry?”

Alfred E. Newman

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