Mr VJP Posted March 13, 2011 Share Posted March 13, 2011 The national average for gas is approaching $4 per gallon, once again causing pain at the pump. According to the U.S. Energy Department, the average yearly cost for an American family to fill up the car with gas will rise 28 percent from last year, or about $700. A family can't lose that much money without also losing the ability to buy other goods or services. The price of gasoline has skyrocketed by 67 percent since Barack Obama took office, but, needless to say, he isn't letting this crisis go to waste. The fact is that Obama's energy policy is working exactly the way it was designed to work. His intent is to drive up the price of fossil fuels in order to make alternative energy sources seem more appealing. Alternative sources have been heavily subsidized for years and yet still can't rival fossil fuels, so, Obama reasons, prices on the latter must be driven higher. In 2008, now-Energy Secretary Steven Chu said, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." Obama began work on that less than one month after taking office in 2009 by reversing George W. Bush's expansion of offshore oil drilling. When the BP Deepwater Horizon spill occurred in April 2010, the administration took this as a golden opportunity to enact a moratorium on offshore drilling. Despite multiple court rulings against that moratorium and even being ruled in contempt, however, the administration persists with its policy. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.