Update, September 11, 2012: my new article on gas prices looks at Bush’s entire presidency (average price $2.14/gal) and his first four years (average price $1.68/gal) to DOCUMENT that he was FAR BETTER at gas prices than was Obama thus far in his first four years (average price $2.99/gal). Please read it too.
Update, September 4, 2012: Given that liberals are genuinely idiotic people, it is apparently necessary to point out that the article and the accompanying chart that I cite below was compiled in March of 2011. How long had Obama been president as of March of 2011? If you do the math, you will find that March 2011 occurred 26 months into Obama’s presidency. Which is to point out that every single liberal who has bitched about my “cherry picking data” is an astonishingly idiotic dumbass. The Heritage article that I cite below compares the first 26 months of Obama’s gas prices – which was all they had available in March 2011 – with the EXACT SAME PERIOD DURING BUSH’S PRESIDENCY. That is as apples-to-apples as you can get.
At this point in September 2012, Obama has been president for 43 months. If we compare Obama’s first 43 months in office to Bush’s first 43 months in office, you will find that Obama has still been awful in comparison. At this same point during Bush’s first term, in September of 2004, gasoline cost $1.89 a gallon. Versus with Obama and gas prices of $3.82 a gallon today. There is absolutely no legitimate comparison that will make Obama look anything other than terrible. Barack Obama is the “Under my plan, energy prices will necessarily skyrocket” president. Barack Obama is the president who has literally said he WANTED gas prices to go up as long as the increase was gradual so he wouldn’t get blamed. Barack Obama is the president who appointed an Energy Secretary who is literally on the record saying he wanted to see U.S. gas prices at $9-$10 a gallon.
The shocking gas prices Bush faced in 2008 were due to the fact that Democrats took over both the House and the Senate in 2006 and refused to allow ANY domestic oil production or refinery construction WHATSOEVER until Bush finally issued his executive order in frustration. The shocking gas prices Obama has faced and will continue to face are due to the fact that Obama is a leftwing ideologue. Which is why Obama is setting records for high gas prices and will continue to set such records if the American people are foolish enough to allow him to remain in office.
What liberal ideologues want to do – and you see them doing it in the comments – is cite the very worst gas prices for Bush that occurred during Bush’s SECOND term. If you want to consider gas prices over a long period, it is OBAMA who has set the record for high gas prices. LIBERALS are the ones cherry picking their data to selectively compare the second Bush term with a nonexistant second Obama term. Obama hasn’t HAD a second term to compare with Bush’s second term and I hope he doesn’t get one; but if he does I predict we will be seeing $8 gas prices rather than the $4 we saw at the worst of the end of the Bush second term. As just one example, Iran is by all accounts at the threshold of attaining nuclear weapons because Obama has abjectly failed to deal with this crisis that the Democrats once blatantly mocked Bush for warning us about. That means that either we (and Israel) do nothing and Iran becomes a nuclear weaponized power and is free to shut down the Strait of Hormuz and drive up international oil prices at will with impunity, or else Israel – hopefully with the aid of the United States – will attack Iran to destroy its nuclear capability. Either way, I guarantee you we will be seeing gas prices skyrocketing during what would be an Obama second term. That’s the first thing you should know.
The second thing you should know is that when oil prices reached their high under Bush, President Bush took a conservative path which resulted in a wild success. I have documented this elsewhere:
You can see the impact that America drilling for its own oil has on prices – and how despicable the mainstream media can be in covering up the truth – in the following CBS piece entitled “The Immediate Benefit Of Offshore Drilling” from July 17, 2008:
After trading at a record high of $147 a barrel Friday, the price of oil saw its largest one-day drop since the 2003 beginning of the Iraq war on Tuesday, falling $6.44 a barrel. Wednesday, it fell another $3.71, to $135.03, and at one point was trading as low as $132.
So what happened? As is usually the case with markets, a variety of factors caused this dramatic drop. According to the Associated Press, the Energy Information Administration announced that U.S. crude-oil supplies rose by 3 million barrels; beleaguered banks have been selling off valuable energy contracts to pay for other debts; and there’s even some speculation that computer programs used by Wall Street may create a “cascading effect” once prices start to drop.
But bizarrely, the AP didn’t mention that on Monday – again, the day of the single biggest one-day drop in oil prices in five years – President Bush removed the executive order imposing a moratorium on offshore drilling in the United States.
To think that this dramatic and unexpected move by the Bush administration didn’t have a significant effect on oil prices is folly. Even Democrats admit that relatively small margins in oil production could have a huge impact on prices.
The price per barrel of crude oil – which was at an all-time high the day Bush signed the moratorium that ended the ban on offshore drilling after going up and up and up to that point – continued to drop and drop. By September, it was below $109 a barrel. By October it had dropped even more. And it kept dropping.
See my comment to this article here and my article here for still more documentation to this fact that Bush’s executive order that ended the offshore drilling ban directly resulted in the price of oil/gasoline plunging.
And there is also this:
The price of a barrel of oil IMMEDIATELY dropped by $9.26 AS BUSH WAS SPEAKING [when he ended the federal moratorium on offshore drilling].
Update: July 18, 2008 Crude Oil has dropped to $128.88 a Barrel
Update: July 17, 2008 Crude Oil has dropped to $130.73 a Barrel
Update July 15, 2008 Crude Oil has dropped to $138.74 a Barrel Biggest drop in 17 years
We had the price of oil dropping by ten bucks a day every day after Bush ended the moratorium.
George Bush began his presidency with gasoline prices at $1.40 a gallon. When they got over $4 a gallon in 2008, George W. Bush finally used a conservative solution to the problem – and oil prices IMMEDIATELY plunged that very day and then continued to go down. That is simply a documented fact. Such that when Bush left office and Obama began his presidency, the average national price of a gallon of unleaded gasoline was $1.85 a gallon. So if you look at the entirety of Bush’s presidency, gasoline went from $1.40 a gallon to $1.85 a gallon.
Obama began his own presidency with gasoline prices at that $1.85 a gallon and they have gone up and up and up. And the difference between Obama and Bush is that Obama will NEVER take the type of conservative solution that Bush took and frankly that Bill Clinton took and allow the domestic drilling that America needs to get control of its gas prices. Obama has now repeatedly attempted to take credit for oil leases that were signed and granted by George W. Bush even as he himself has refused to sign such leases himself. To sum up Obama’s failure, I need only use one word: “Keystone.”
I’m not a tease. Here’s the picture:
It’s a truly remarkable picture - particularly given the way the media attacked Bush for his high gas price increase and then largely refused to attack Obama for his ridiculously insane gas price increase.
Heritage nails it in an article (which is where I got the above chart from):
In Pictures: Bush Vs. Obama On Gas Prices
March 4, 2011 at 4:00 pm
As Americans continue to feel the effects of President Obama’s anti-oil agenda at the pump, defensive liberals are circling back to a familiar line of counter-attack: blame Bush. The media vacuum on gas prices has made this line of attack all the more promising with very little national coverage being given to the president’s destructive domestic drilling agenda. Unfortunately it misses an obvious point.
President George W. Bush was mostly attacked for wanting to drill too much (or being “cozy” with the oil industry), while President Obama’s policies are rooted in unilaterally shutting down the domestic oil industry amidst rising prices and a struggling economy.
Yes, the price of gasoline reached historic levels, rising above $4/gallon during Bush’s second term, but that wasn’t due to a lack of trying to increase domestic supply. U.S. domestic supply is but one factor in the global price of oil, and thus gas prices. But when a president purposefully chooses to decrease our domestic supply by 13%, with hopes of driving that supply even lower, and objects to U.S.-Canadian pipelines and new forms of exploration, discovery and friendly importation, the price consequences are real, and should be scrutinized.
During the first twenty-six months of President Bush’s first term in office, the price of gasoline increased by 7%. At the end of his second term, the price had decreased by 9% from the time he took office (adjusted for inflation). During the first twenty-six months of Obama’s term in office, the price of gasoline has spiked over 67% with no relief in site.
Clearly, other mitigating factors were at work between those two time periods. U.S. demand is one such factor, as is global supply disruptions, cartel pricing and the cost to refine and distribute, but the current price spikes obligate serious people to scrutinize our nation’s energy policy.
President Bush’s response to $4/gallon gasoline was to lift presidential and congressional moratoriums on expanded drilling in the Outer Continental Shelf, a move that many critics say came too late. But what about Obama?
Some on the right have criticized Obama for having no energy policy. This is wrong. Obama’s energy policy is working exactly the way it is designed. This administration knows that unless the price of fossil fuels skyrocket, expensive alternative energy sources, no matter how heavily subsidized, will continue to be unattractive to American consumers.
Obviously, this risky desire to have high gas prices is a punitive policy that foolishly ignores how Americans use petroleum. While oil is largely a transportation fuel, solar and wind can only contribute to our electricity demands. Oil accounts for less than 1% of our electricity demand.
The liberal fascination with developing expensive vehicles that run on electricity doesn’t change that: 1) Solar or wind powered vehicles don’t commercially exist; 2) The cars that do run on electricity, or even battery-powered hybrids still require gas; and 3) the high cost of the alternatively fueled vehicles makes them largely insignificant in the auto market and cost-prohibitive to the average consumer.
Sure, it would be ideal to have a national fleet of cars that are inexpensive and run on cheap and widely available alternative sources of energy. But the markets have demonstrated this reality is nowhere close to fruition. And when you try to hasten that reality by artificially jacking up the price of gas, the economic effects are felt largely by the poorest among us and disincentives business owners from hiring as their fixed operating costs increase.
Think about it, who feels the pain of an extra $1 at the gas pump? The rich guys that the left demonizes or the middle-to-low income wage earners who balance their budgets by the penny, not the dollar? If the only cars available on the market were $40,000 Chevy Volts, would a Lexus or BMW consumer be hit hard, or would the family looking for a barely affordable mode of shuttling their family be affected? Consumer Reports said Obama’s heralded Volt “is an expensive way to be green.”
This economic, energy and transportation reality—the here and now—is why President Bush called for more domestic oil exploration at the same time he called for an end to our “addiction” to oil. You cannot shut down one job-creating industry while you hope another emerges. Hope is not a smart energy strategy.
This week, the Obama administration began floating the idea that depleting the Strategic Petroleum Reserve (SPR) is a viable response to rising oil prices. The SPR is where America stores roughly 700 billion barrels of oil in case of a catastrophe. Its drawdown would have a marginally positive affect on gas prices for a very short time period. Once that supply is partially or completely eliminated, we would be back to square one. In other words, the action would be purely political and designed to politically disguise a terrible energy policy.
President Obama must stop killing energy jobs, hurting American business owners and penalizing taxpayers at the pump in order to score unrelated points with his environmental base. Obama needs to end the EPA practice of imposing regulations on refineries that increase the cost of oil production. He must stop looking to raise taxes on oil producers while heavily subsidizing other energy industries.
And Obama must at least end his de facto moratorium and get America back to the domestic supply capabilities we had just two years ago. As Senator Mary Landrieu (D-LA) told Interior Secretary Ken Salazar in a hearing on oil prices this week: “In January 2009 there were 16 permits issued. The next year there were 12 and this January, only two. We’re so far off the historic level. We’ve got to get it back up as quickly as possible.”
This time, in this economy, with these transportation and energy realities is not the time for Obama to curry favor with eco-liberals by raising the cost of living for the average American family. President Bush may have wanted to increase the drilling status quo by too much in your opinion, but surely we can all agree that intentionally decreasing our domestic supply makes little sense today.
Gasoline is over $4 a gallon across the state of California; it is over $5 in Los Angeles; and in some places in Florida it is over $6 a gallon.
What Washington has done is what Washington always does – it’s peddled false promises, irresponsible policy, and cheap gimmicks that might get politicians through the next election, but won’t lead America toward the next generation of renewable energy. And now we’re paying the price. Now we’ve fallen behind the rest of the world. Now we’re forced to beg Saudi Arabia for more oil. Now we’re facing gas prices over $4 a gallon – gas prices that are decimating the savings of families who are already struggling in this economy. Like the man I met in Pennsylvania who lost his job and couldn’t even afford the gas to drive around and look for a new one. That’s how badly folks are hurting. That’s how badly Washington has failed.
YOU peddled a whole whopping load of false promises, Obama you liar. You want to tell us about “irresponsible policies” now, Mister Solyndra???