Tuesday, May 10, 2011

President on controlling gas prices May 6th

He makes it sound like he's doing a lot. So, why are prices going up so fast?

There has been a loss of oil production in the Gulf, thanks to his de facto ban on drilling. Then he talks about ending subsidies on oil producers, but how about ending all subsidies? Why only oil? The reason is that he is waging war on oil production while claiming that he is trying to bring down gas prices. That damages his claim on controlling gas prices.

He is also trying to grab some dollars so as to be able to say he is a deficit hawk.

He is for the energy of tomorrow, but what about today? He wants to give preferences to "new" energy, but why burn down your bridges behind you? Why cut subsidies to oil production at the same time as having a de facto ban on drilling if you really want to do everything to control gas prices? Isn't he just trying to push an ideological agenda instead?

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