Obama has in effect placed an embargo on the United States and that position has created YOUR gas prices. The rest of the world does not believe the US will become energy independent under this man and thus the price goes up. The moment they feel like we are expanding our exploration -- those prices will plummet. Oh and he says we like "gas guzzlers" ... your presidential limo gets 8 miles to the gallon sir.
He is discussing, and when the timing is JUST right, he will release gas from the U.S. strategic reserves to bring the price at the pump down -- just in time for your vote. What he does not tell you is that we, the American tax payers, are required to replace that oil into the reserves at market price. Of course he denies they have "made a deal" but breaking news says that gas prices have already dropped a smidgen from the news of just the "talking". And he says that a president can do nothing to affect the price of gas? Hmmmmm. "Talking" affected it in less than 24 hours. Your gas prices are high because the world watches us not produce our own oil. They don't believe we will ever be able to pull out of Saudi Arabian oil and we are at their mercy -- and we are under Obama. If they for a moment thought we could and would flood the market with inexpensive crude -- prices would drop dramatically. Why in the worst economy of our lifetime would he decide to hamstring the economy with high fuel prices? I have theories.
He already tapped into our strategic reserves twice (30 million barrels a pop -- that is almost 10% of it) to ease the pain at the pump for his politics -- he did not save us money -- we still have to pay for that oil. This is NOT new oil -- it is oil that is there for our strategic reserves -- he is playing politics with it...and we all (Rs & Ds) are paying for it.
He has issued no new permits to American companies in the gulf (but he has allowed foreign companies to do so). And JUST now he is talking about issuing a "handful of permits" for the gulf --- hmmmm, again very good timing. Remember how talking affects prices? Thinking now, talking now, get a little excitement and when the timing before the election is "just" right he will issue them...the games go on.
And lastly -- do NOT, I repeat DO NOT believe a word the Obama administration tells you about the US having only 2% of the world's oil reserves. He is just not allowing us to access it and he would rather affect the market with OUR reserves like a parent doles out an allowance to a dependent child...
When he took office nationally gas averaged $1.78 a gallon...we have had no 9/11's the housing market does not affect oil prices...think about it. A self imposed embargo.... Hmmmmmm. Make it hurt and then come to the rescue… Then once you have elected him again, the price goes up and you are driven to use alternative energy because now it is relatively cheaper (the difference between the costs of fossil fuels and alternative energy is smaller now because of oil prices being through the roof). Most alternative energy sources are NOT sustainable -- they cost more than they produce. The wind farms of the plains will become broken down eyesores when the government subsidies dry up. I support the research and development of alternative energy -- I do NOT want to be forced to use it by anyone UNTIL it is affordable and sustainable. I am actually okay with government assistance in R&D -- I am not okay with it to fund operations that are not sustainable. I hear people talk about the "fat cats" in the oil industry "lining their pockets". Well Mr. Obama is the one helping line those pockets -- he is driving up the price! And don't think for a MINUTE that there are not equally fat cats behind "alternative energy". There are…