Archive for the ‘oil’ Category

Six In Ten Americans Think Obama’s Policies Are Driving Gas Prices Higher; Half Say Unemployment Is Going To Go Up

March 20, 2012

It’s long past time that Americans started blaming the Blamer-in-Chief:

Poll: 58% say Obama’s policies driving gas costs higher, 48% expect unemployment to rise
posted at 11:35 am on March 19, 2012 by Ed Morrissey

While the national media focuses on polls from Reuters and Pew that use skewed samples to show Barack Obama’s approval rating going back up, The Hill takes a look at what might come in the future — and it’s not pretty for the President. In a survey of 1,000 likely voters in the 2012 general election, almost half expect the Supreme Court to overturn ObamaCare, with only 29% confident of its constitutional legitimacy. And that’s not the worst of the poll, either:

Half of likely voters expect the Supreme Court to strike down President Obama’s signature healthcare law, and strong majorities see other major policies coming from the White House making life more difficult for themselves and the country, according to this week’s The Hill Poll.

The poll indicated that 49 percent of likely voters said they expect a court ruling that is unfavorable to the Affordable Care Act, while just 29 percent think it will be upheld and 22 percent aren’t sure.

On economic issues, 62 percent of voters say Obama’s policies will increase the debt, while 25 percent think they will cut it, and by a 48-percent-to-38-percent margin, voters believe those policies will increase joblessness rather than put people back to work.

On energy, 58 percent say Obama’s policies will result in gasoline prices increasing, while just 20 percent expect them to cut prices — and by a 46-percent-to-36-percent margin, voters believe they will cause the United States to become even more dependent on foreign oil.

The sample in this case is a little skewed, but in an unusual direction. The D/R/I is 32/36/32 for an R+4 advantage, one of the rare occasions when a pollster favors Republicans. The four-point advantage for the GOP has low odds of becoming reality in the fall, though; the midterm elections, without a Democrat defending the White House, had a 35/35/30 split in CNN exit polling. Republicans will do well if they get to that kind of parity in November with Obama at the top of the ticket.

Even adjusting for the R+4, these numbers look very bad for the President, especially on gas prices. Overall, blame for increases in gas prices falls on Obama by 38 points, which means he’s especially vulnerable if prices shoot up this summer as they did in 2008 and 2010. Younger voters put even more blame on Obama, 70/8, as do lower-income earners ($40-60K is the worst for Obama, 75/13 but the under-$20K is almost as bad at 62/15), perhaps because they feel the loss of disposable income and capacity for independent travel even more. Independents blame Obama 61/13, while only a plurality of Democrats think Obama has made gas prices lower, 31/42.

Rasmussen also polled likely voters on ObamaCare, and finds that support for repealing it has remained remarkably consistent:

The U.S. Supreme Court will hear arguments on the constitutionality of the national health care law next week, and the number of voters who Strongly Support the law’s repeal is now at an eight-month high.

The latest Rasmussen Reports national telephone survey of Likely U.S. Voters shows that 56% at least somewhat favor repeal of the health care law, including 46% who Strongly Favor it. Thirty-nine percent (39%) oppose repeal, with 29% who are Strongly Opposed. (To see survey question wording,click here.)

Overall support for repeal is up three points from two weeks ago and is at its highest level since last September. The number that Strongly Favors repealing the law is at its highest point since July of last year. Since the law’s passage, most voters have favored repeal in nearly every survey, with support running as high as 62%. Opposition to repeal has ranged from 32% to 44%.

Strong support for repeal hit an eight-month high, but the range on overall demand for repeal in those eight months has been very steady indeed. Today’s number is 56%; the lowest it has gone in those eight months is 51%, and the high was 57%. Opposition to repeal has never gone above 42% in the past two years. At the moment, independents back repeal 57/39, with almost half (48%) strongly supporting its repeal. Even among Obama’s natural constituencies, support for repeal is strong or at a dead heat with support for ObamaCare: women (51/42), 18-29YOs (47/45 split), black voters (48/49 split), under-$20K income (50/35), $20-40K (53/39), and so on.

Given that the only real accomplishments of the Obama term has been ObamaCare, the failed stimulus bill, and Dodd-Frank, the fundamentals of this election look very bad for Obama — and will get worse if the Supreme Court throws out ObamaCare and gas prices continue to rise.

Update: I almost missed this from the Washington Post, which looks even worse:

Most Americans want the Supreme Court to invalidate at least part of the landmark health-care law that was passed in 2010, according to a new Washington Post-ABC News poll. …

More than four in 10 — 42 percent — want the high court to throw out the entire law, 25 percent want to do away with the mandate alone and a similar proportion wants the justices to uphold the entire law.

Overall, among general population adults, 67% want the Supreme Court to partially or completely overturn Obama’s signature accomplishment. That number rises to 70% among independents, and it’s 48% among Democrats.

Hope ObamaCare goes down in flames and then Obama goes down in flames right along with it.

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Tax Breaks For Oil Companies? Barack Obama Continues To Be A Liar And A Demagogue On Energy

March 19, 2012

Let’s provide the facts first before we hear what the Liar-in-Chief has to say:

Are oil companies benefitting from tax breaks???

The record says otherwise:

FACTCHECK.ORG
Oil and Gas Company Tax Breaks
Posted on February 28, 2008

Q: What kind of tax breaks does the U.S. give to oil companies and to corporations that send jobs overseas?

A: Companies with overseas subsidiaries can keep their income untaxed by the IRS if they don’t transfer that revenue back to the U.S. Oil and gas companies received tax breaks and subsidies from a 2005 energy bill, but the bill led to a net tax increase for them.

FULL QUESTION:

When Democratic presidential candidates talk about tax breaks for corporations that ship our jobs overseas and tax breaks and subsidies for oil companies, what are they referring to and are they accurate?

FULL ANSWER:

It’s true that Sens. Hillary Clinton and Barack Obama have associated the transfer of U.S. jobs overseas with tax breaks, or loopholes, for companies that practice off-shoring:

Obama, Nov. 3, 2007: When I am president, I will end the tax giveaways to companies that ship our jobs overseas, and I will put the money in the pockets of working Americans, and seniors, and homeowners who deserve a break.

Clinton, Nov. 19, 2007: And we are going to finally close the tax loopholes and stop giving tax breaks to companies that ship jobs overseas. Enough with outsourcing American jobs using taxpayer dollars.

Both candidates are referring to a feature of the U.S. tax code that allows domestic companies to defer taxes on “unrepatriated income.” In other words, revenue that companies earn through their overseas subsidiaries goes untaxed by the IRS as long as it stays off the company’s U.S. books.

But economists, including left-leaning ones, do not agree that eliminating this provision will bring an end to off-shoring. And here’s why: In the U.S., companies are taxed 35 percent on earnings of $10 million to $15 million or on all earnings over $18.3 million. That’s one of the highest corporate tax rates in the world, making an overseas move somewhat attractive to companies that wish to avoid the U.S. tax rate. But that’s not the leading reason companies send jobs overseas. According to a 2005 report by the Government Accountability Office, global technological advancement, increased openness of countries such as China and India, the higher education level of foreign workers in technological fields, and the reduced cost per foreign worker are all contributing factors to off-shoring.

We first addressed this popular theme in 2004, when we reported on a John Kerry campaign ad in which he blamed President George W. Bush for providing tax incentives to companies “outsourcing” jobs overseas. At the time we found that such tax breaks, which do exist, pre-dated the Bush administration and that even Democratic-leaning economists did not support the idea that changing the corporate tax code would end the movement of jobs overseas.

Three years later, in Dec. 2007, we reported on an ad launched by a labor group in support of John Edwards. The ad implied that corporate tax breaks were responsible for the shipment of jobs overseas from an Iowa Maytag plant. We found that the jobs were actually sent to Ohio and that, again, eliminating such tax breaks would not go far in stanching the flow of jobs overseas.

Oil Company Tax Breaks?

Both leading Democratic candidates have referred to tax breaks to oil companies:

Clinton, July 23, 2007: First of all, I have proposed a strategic energy fund that I would fund by taking away the tax break for the oil companies, which have gotten much greater under Bush and Cheney.

Obama, June 22, 2007: In the face of furious lobbying, Congress brushed aside incentives for the production of more renewable fuels in favor of more tax breaks for the oil and gas companies.

Both candidates are referring to H.R. 6, the 2005 energy bill that contained $14.3 billion in subsidies for energy companies. However, as we’ve reported numerous times, a vast majority of those subsidies (all but $2.8 billion) were for nuclear power, energy-efficient cars and buildings, and renewable fuels research. In addition, according to the nonpartisan Congressional Research Service, the tax changes in the 2005 energy bill produced a net tax increase for the oil and gas companies, as we’ve reported time and time and time again. They did get some breaks, but they had more taken away.

-Emi Kolawole

Sources

Remarks of Senator Barack Obama: A Change We Can Believe In. 3 Nov. 2007. Obama for America. 26 Feb. 2008.

ECONOMY: Policy Address on America’s Economic Challenges. 19 Nov. 2007. Hillary Clinton for President. 26 Feb. 2008.

Remarks of Senator Barack Obama: Taking Our Government Back
. 22 Jun. 2007. Obama for America. 26 Feb. 2008.

Democratic Presidential Debate. 23 Jul. 2007. CNN Transcripts.

Congressional Research Service. “Oil and Gas Tax Subsidies: Current Status and Analysis.” Washington: GPO, 2007.

U.S. Government Accountability Office. “Offshoring of Services: An Overview of the Issues,” Nov. 2005.

Which is to say that both Barack Obama and Hillary Clinton were dishonest pandering liars in 2008 and both Barack Obama and Hillary Clinton continue to remain pandering liars to this day.

Note that to whatever extent oil companies get “tax breaks,” they got them in conjunction with a tax policy that takes more away than it gives them.  Some “break.”  And I would personally enjoy it very much if every Democrat got the same kind of “break” the oil companies got where we give them a free monocle just before we gouge one of their eyes out.  Oh, and then afterward I could demand that we take the monocle back.

Here’s an ad from Barack Obama in which Obama personally demonizes George Bush for $3.50 gasoline (note: it’s going on $4 a gallon under Obama now):

Now let’s hear what our lying demagogue slandering weasel in chief has to say now:

Obama : End tax breaks for oil companies
By Dave Boyer – The Washington Times
Saturday, March 17,

President Obama said Saturday he can’t do much to lower gas prices, and renewed his call for Congress to end tax breaks for oil companies.

“The truth is, the price of gas depends on a lot of factors that are often beyond our control,” Mr. Obama said in his weekly address. “Unrest in the Middle East can tighten global oil supply. Growing nations like China or India adding cars to the road increases demand.”

The president didn’t mention one of the few direct actions he could take to try to lower gas prices in the short term — releasing oil from the U.S. Strategic Petroleum Reserve.

Mr. Obama called for that solution as a candidate in 2008 when gasoline prices neared $4 per gallon, and he reportedly discussed the option earlier this week with British Prime Minister David Cameron.

Instead, Mr. Obama said his administration is cracking down on oil profits — on traders who “distort the price of oil, and make big profits for themselves at your expense.” And he called on Congress again to eliminate $4 billion in annual tax breaks for oil companies.

“Your member of Congress should be fighting for you,” Mr. Obama said. “Not for big financial firms. Not for big oil companies.”

A report by the nonpartisan Congressional Research Service last year found that eliminating the subsidies would likely result in higher gas prices in the short term.

The address was the president’s second speech on gas prices and energy in three days. Public opinion polls are showing that the president’s job-approval rating, on the rise earlier in this election year, has dipped again as gas prices have risen. Retail prices on Friday rose a penny to a national average of $3.83 per gallon.

Republican presidential candidate Newt Gingrich has pledged to enact policies that he said should lower gasoline prices to $2.50, a notion that Mr. Obama scoffs at.

“It’s easy to promise a quick fix when it comes to gas prices,” the president said in his address. “There just isn’t one. Anyone who tells you otherwise — any career politician who promises some three-point plan for two-dollar gas — they’re not looking for a solution. They’re just looking for your vote.”

In 2008, Mr. Obama stood in front of a gas station near Indianapolis and pledged to “take steps to reduce the price of oil.” He focused on long-term actions such as increasing fuel efficiency standards and promoting clean energy, which he has done as president.

“I will work to solve this energy crisis once and for all,” he said at the time.

And let me repeat: Barack Obama is a lying weasel.

Do you notice that the same dishonest liar who said, “I will work to solve this energy crisis once and for all” – and the same dishonest lying demagogue who attacked George Bush for gas prices when they were less than what they are now under Obama’s regime – is now saying, “It’s easy to promise a quick fix when it comes to gas prices.”  He should know – given all the damn quick fixes this lying hypocrite promised when he was lying and demagoguing his way into the White House.

Here’s more of Obama being Obama (read: here’s more of a dishonest lying demagogue being a dishonest lying demagogue).

For those of you who are more intelligent than a rodent (i.e. for those of you who don’t vote Democrat), let me ask you a question: if Obama increases taxes on oil companies, just why in the hell do you not think that the oil companies won’t pass those taxes right on to your dumb ass in the form of higher gasoline prices???  Which is another way of pointing out that not only does Obama want you to pay more for your gasoline, but he thinks you’re a complete idiot, too.

It’s past time for you to swing by the neck from your own damn noose, Obama you little weasel.

Make Him Wear His Own Words: Video Of Barack Obama Demonizing George Bush Over $3.50 Gas

March 14, 2012

I’ve written a few articles on gas prices (here’s one example).  And in every one, liberals have swarmed like cockroaches and said, “How DARE you hold the president responsible for the price of gas?”

I dare because Barack Obama dared before me.  And, yeah, I’m a guy who says, “Do unto Obama as liberals did unto Bush.”

Obama in his own demagogue words:

“Since the gas lines of the 70′s, Democrats and Republicans have talked about energy independence, but nothing has changed except Exxon is making $40 billion dollars a year and we’re paying three fifty for gas. I’m Barack Obama. I don’t take money from oil companies or Washington lobbyist and I won’t let them block change anymore. They’ll pay a penalty on windfall profits; will invest in alternative energy; will create jobs and free ourselves from foreign oil. I approve this message because it is time Washington worked for you not them.” – Sen. Barack Obama 2008

If you’ve got any decency in you (yes, I know that qualifier excuses you, Democrats), you will hold this lying demagogue responsible for his own lying demagoguery and vote this turd out of office this November 6.

Barack Obama has given $100 billion to his crony capitalist fascist buddies in the green energy boondoggle industry.  And a whopping load of it has been pissed away to corrupt companies like Solyndra who gave a little to Obama and got a LOT back.

‘Obama’s Approval Rating Has Hit The Lowest Level EVER In CBS News Polling’ – That’s A Quote From CBS

March 13, 2012

America won’t actually be safe until Obama sees a giant crowd of millions of Americans banging on the gates of the White House and he decides he’d better flee the country like many of the banana republic-style dictators have done before him.

March 12, 2012 6:30 PM
Poll: Obama’s approval rating sinks to new low
By Stephanie Condon

CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.

(CBS News) President Obama’s approval rating has hit the lowest level ever in CBS News polling, according to the latest CBS News/New York Times survey. The drop may be partially attributable to rising gas prices.

Just 41 percent of Americans approve of the job Mr. Obama is doing as president, according to the poll, conducted from March 7 to 11. Another 47 percent disapprove of his performance, up from 41 percent last month.

Mr. Obama’s approval rating was 50 percent last month.

The average U.S. price of a gallon of gasoline has jumped 12 cents over the past two weeks. The poll found that most Americans, 54 percent, believe gas prices are something a president can do a lot about.

Americans have historically felt that a president can control gas prices, though experts attribute changes to a variety of factors, many outside of a president’s control. They also felt this way when gas prices spiked during the administration of former President George W. Bush.

Chart - Are Gas Prices Something the President Can do a lot About (Credit: CBS)

When asked Tuesday by CBS Pittsburgh affiliate KDKA whether he can impact gas prices, Mr. Obama said, “Understandably people are frustrated when gas prices are going up, and there are things we can do, but they’re not going to result, provide results overnight.”

The president noted that the U.S. has reduced its dependence on foreign oil under his administration and that fuel efficiency standards for cars are being raised. The administration is exploring other ways to reduce prices, but Mr. Obama said the biggest contributor to the current high prices is rumors of war in the Middle East.

“Which is part of the reason I said a couple weeks ago let’s stop with the loose talk about war,” he said. “Because a lot of what’s driving this is people’s concern and fear that there might be major disruptions in the Middle East oil markets.”

Attacks from the Republicans running to replace Mr. Obama may be having an impact on his approval rating as well. His disapproval rating has risen to 89 percent among Republicans (from 82 percent last month), and more independents now disapprove of his job performance than approve. Though Mr. Obama’s approval rating among Democrats remains high, it has dropped seven points – from 85 percent last month to 78 percent today.

Of the four remaining GOP candidates, former House Speaker Newt Gingrich has hit Mr. Obama particularly hard on high gas prices, promising on the campaign trail to bring down the price to $2.50.

Jim Ritterbusch, president of an oil trading advisory firm, told CBS News there are no quick fixes.

“It’s become somewhat of a political football,” Ritterbusch said. “But none of the candidates or the current president can flip a switch and drive gas prices down to $3 a gallon.”

Mr. Obama’s job rating on the economy remains about the same as it was last month – 39 percent approve, while 54 percent disapprove.

The economy and jobs remains the most important problem facing the country today, according to 51 percent of Americans. Three in four Americans think the economy is at least somewhat bad, including 30 percent who say it is very bad.

More Americans, 30 percent, say the economy is getting better; 24 percent say it is getting worse. The public’s economic outlook was slightly better last month, when 34 percent said the economy was getting better.

Most GOP voters expect Romney nomination
Most support U.S. military action to stop Iran from getting nuclear weapons
Most say employers should be allowed not to cover contraception
Poll: Romney, Santorum narrow gap on Obama
Obama’s approval rating sinks to new low

Just 20 percent of Americans feel their family’s financial situation is better today than it was four years ago. Another 37 percent say it is worse, and 43 percent say it is about the same.

While his rating on the economy is about the same as last month, Mr. Obama’s rating on foreign policy has dropped 10 points. Now, just 40 percent approve of his handling of foreign policy, while 41 percent disapprove. This is the first time since the killing of Osama bin Laden in May 2011 that more Americans disapprove than approve of the job Mr. Obama is doing handling foreign policy.

Amid speculation that Israel may consider attacking Iran to stop its nuclear ambitions, Americans are split on the president’s handling of the situation in Iran: 42 percent approve, while nearly as many – 39 percent – disapprove. Nineteen percent don’t know.

CBS Radio News’ Rob Mank contributed to this report.


This poll was conducted by telephone from March 7-11, 2012 among 1009 adults nationwide.

878 interviews were conducted with registered voters, including 301 with voters who said they plan to vote in a Republican primary. Phone numbers were dialed from samples of both standard land-line and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The margin of error for the sample of registered voters could be plus or minus three points and six points for the sample of Republican primary voters. The error for subgroups may be higher. This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.

As we speak, both Mitt Romney and Rick Santorum lead Barack Obama, according to most-reliable pollster Rasmussen:

With Rick Santorum and Mitt Romney adding to their primary wins Saturday, the latest Rasmussen poll shows both of them capable of posing a challenge to President Barack Obama in the November election.

According to Rasmussen’s poll of likely voters, the updated numbers show Romney ahead by five points in a hypothetical 2012 battle with the president. While Romney sits at 48 percent to Obama’s 43 percent, Santorum sits at 46 percent to Obama’s 45 percent. His one-point lead over Obama is Santorum’s second time ahead of the president.

Romney, Rasmussen reports, is the only other candidate to lead the president more than one time in the polls.

Obama’s approval index history shows a swing in his approval numbers, from 44 percent strongly approving of the president’s performance in January 2009, to 25 percent strongly approving now. The new numbers show that 44 percent strongly disapprove of the president’s performance, up from 16 percent in January 2009. Obama’s presidential approval index rating is -19.

Hopefully, this will at least shut the pie holes of the talking head fools who have asserted that “Obama is unbeatable.”

As Gasoline Prices Soar Out Of Control, Yet ANOTHER Obama Energy Boondoggle Pisses Away Taxpayer Money By Hundreds Of Millions Of Dollars

March 2, 2012

Barack Obama giving away $2 billion in stimulus money on July 4, 2010:

In fact, today, I’m announcing that the Department of Energy is awarding nearly $2 billion in conditional commitments to two solar companies.

The first is Abengoa Solar, a company that has agreed to build one of the largest solar plants in the world right here in the United States. After years of watching companies build things and create jobs overseas, it’s good news that we’ve attracted a company to our shores to build a plant and create jobs right here in America. In the short term, construction will create approximately 1,600 jobs in Arizona. What’s more, over 70 percent of the components and products used in construction will be manufactured in the USA, boosting jobs and communities in states up and down the supply chain. Once completed, this plant will be the first large-scale solar plant in the U.S. to actually store the energy it generates for later use – even at night. And it will generate enough clean, renewable energy to power 70,000 homes.

The second company is Abound Solar Manufacturing, which will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs. A Colorado plant is already underway, and an Indiana plant will be built in what’s now an empty Chrysler factory. When fully operational, these plants will produce millions of state-of-the-art solar panels each year.

Obama’s “investment” today:

Earlier today I mentioned Energy Secretary Chu’s statement to Congress that the administration didn’t care about lowering gas prices, just pushing alternative energy. Now we have the latest failure as part of that scheme, Abound Solar Manufacturing, has announced it will lay off 70% of its workforce. The company received a $400 million loan guarantee through the Obama stimulus.

Oh, and by the way, Abound got that $400 million loan even though it was obviously a huge credit risk:

A month before Abound Solarannounced it would be laying off nearly half its workforce, Congressional Republicans alerted the U.S. Department of Energy that they had questions about the decision to loan the Colorado firm $400 million.

The House Committee on Oversight and Government Reform asked Energy Secretary Steven Chu to explain how the solar panel manufacturer had qualified for the loan after the ratings firm Fitch had determined the company would make a “highly speculative” investment.

“Fitch describes Abound as lagging in technology relative to its competitors, failing to achieve stated efficiency targets, and expecting that Abound will suffer from increasing commoditization and pricing pressures,” wrote Rep. Darrell Issa, R.-California, the committee chairman. “DOE’s willingness to fund Abound, despite these concerns, calls into question the merits of this loan guarantee.”

Obama is demonizing oil companies (you know, the people who are the only reason ordinary Americans are able to get into their cars and drive somewhere) while he continues to give away billions of dollars to his crony capitalist fascist friends at the useless green energy companies.  Oh, and he’s demonizing the $4 billion in tax breaks to oil companies that keep this country going while he is proposing to give away $5 billion more to green energy that produces virtually nothing.

That should seriously piss you off, because gas prices – you know, the stuff that the oil companies Obama demonizes produce – have more than DOUBLED under this failed president’s failed policies:

The day Barack Obama took office, the average national price of gasoline was $1.84 a gallon.

As of today, March 1, 2012, the average national price of gasoline is $3.74 a gallon.

Oh, and gasoline may very well hit $5 a gallon by Memorial Day.

While even Bill Clinton is urging the Failure-in-Chief to “embrace” the Keystone Oil Pipeline that Obama has refused to alllow even though it wouldn’t have required ONE PENNY in taxpayer money.

Beyond Solyndra – which devoured more than half of a BILLION dollars in taxpayer money before going completely bankrupt – there have been many other massive Obama failures.

Just a couple:

Green energy company given federal stimulus funds lays off 125 workers, gives pay raise to executives
Published February 26, 2012 | FoxNews.com

An electric car battery company reportedly has laid off 125 employees since receiving $390 million in government subsidies, but is still handing out big pay raises to company executives.

A123 systems, which was touted as a stimulus “success story” by former Gov. Jennifer Granholm, D-Mich., had a net loss of $172 million through the first three quarters of 2011, according to the Washington Examiner’s “Beltway Confidential” blog, citing a report from the Michigan-based Mackinac Center for Public Policy.

A123’s primary customer, Fisker Automotive, is also struggling financially. “Yet, this month A123’s Compensation Committee approved a $30,000 raise for [Chief Financial Officer David] Prystash just days after Fisker Automotive announced the U.S. Energy Department had cut off what was left of its $528.7 million loan it had previously received.”

This month has seen significant pay boosts for other A123 executives, as well, including vice presidents Robert Johnson and Jason Forcier.

The raises were reported by the company in its filings with the U.S. Securities and Exchange Commission, according to the Mackinac report.

“It looks highly suspicious,” Paul Chesser, associate fellow for the National Legal & Policy Center, told Mackinac. “It looks like they are trying to pad their top people’s wallets in case something really bad happens.”

Click to read the Washington Examiner blog.

Click to read the Mackinac Center for Public Policy report.

And far, FAR worse:

Obama Gave Billions to Green Energy Companies with Ties to His Administration and 2008 Campaign
Posted by Jim Hoft on Thursday, February 16, 2012, 1:13 PM

The RNC released this infographic today showing that billions in taxpayer dollars were were given to firms with close ties to the Obama Administration.

The Washington Post reported:

Overall, the Post found that $3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers.

Obama’s program to invest federal funds in start-up companies — and the failure of some of those companies — is becoming a rallying cry for opponents in the presidential race. Mitt Romney has promised to focus on Obama’s “record” as a “venture capitalist.” And in ads and speeches, conservative groups and the Republican candidates are zeroing in on the administration’s decision to extend $535 million to the now-shuttered solar firm Solyndra and billions of dollars more to clean-tech start-ups backed by the president’s political allies.

White House officials stress that staffers and advisers with venture capital ties did not make funding decisions related to these companies. But e-mails released in a congressional probe of Obama’s clean-tech program show that staff and advisers with links to venture firms informally advocated for some of those companies.

David Gold, a venture capitalist and critic of Obama’s investments in clean tech, said that even if staffers had been removed from the final decision-making, they had the kind of inside access to exert subtle influence.

“To believe those quiet conversations don’t happen in the hallways — about a project being in a certain congressman’s district or being associated with a significant presidential donor, is naive,” said Gold, who once worked at the Office of Management and Budget. “When you’re putting this kind of pressure on an organization to make decisions on very big dollars, there’s increased likelihood that political connections will influence things.”

Energy Department spokesman Damien LaVera said the companies won awards based on merit, not political connections. He said the staffers and advisory board members reviewed by the Post had no role in funding decisions, nor did they have any personal financial stake in the companies. One of those administration advisers had first been appointed to his position by the Bush administration, LaVera said…

Thousands of agency and White House e-mails released as part of the Solyndra investigation show that venture capitalists who held advisory roles with the Energy Department were given access to Obama’s top advisers.

Read the whole thing. It will make you ill.

Obama is selling this country out even while he works to implode it by starving us of energy while spending us into bankruptcy.

Democrats Are Hypocrite Demagogue Fools When It Comes To Gas Prices

February 29, 2012

Rush Limbaugh offers a rather entertaining look into how the Democrats 1) managed to demonize George Bush when the gas prices were actually far less of a problem/crisis than they are now under Obama while simultaneously asserting that Republicans have no right whatsoever to do to Obama what they themselves did to George Bush; 2) believe that Obama should a) open the strategic petroleum reserve and/or b) push Saudi Arabia to increase drilling – both of which are means to increase the supply of gasoline – yet simultaneously insist that the US’  increasing its own gasoline supply by drilling would have absolutely no impact on gas prices whatsoever; 3) are somehow conveniently forgetting how astonishingly stupid and vacuous Obama’s “solutions” to the problem of high gas prices truly were.

The Democrat Gas Hypocrisy
February 27, 2012

BEGIN TRANSCRIPT

RUSH: Michael Janofsky at the New York Times, April 24th, 2006, about six years ago: “Democrats Eager to Exploit Anger Over Gas Prices.” This is back in 2006. The Democrats were running for office in the midterm elections trying to talk us into a recession. This is after they had failed at trying to talk us into failure in Iraq. “Democrats running for Congress are moving quickly to use the most recent surge in oil and gasoline prices to bash Republicans over energy policy, and more broadly, the direction of the country. With oil prices hitting a high this week and prices at the pump topping $3 a gallon in many places…” We’re now over $5 in California. In 2006, with “prices at the pump topping $3 a gallon in many places Amy Klobuchar, a Democratic Senate candidate in Minnesota, is making the issue the centerpiece of her campaign. Ms. Klobuchar says it ‘is one of the first things people bring up’ at her campaign stops. To varying degrees, Democrats around the country are following a similar script that touches on economic anxiety and populist resentment against oil companies.”Yep!”‘It’s a metaphor for an economy that keeps biting people despite overall good numbers,’ said Senator Charles E. Schumer of New York…” What else do we have, Chuck-U? Oh, Chuck-U is in the news today, folks. Chuck-U tells Clinton to pressure Saudi Arabia to pump more oil. Senator Chuck-U Schumer “wants Secretary of State Hillary Clinton to press…” She’s got her own section in the program todayfor her own rampant hypocrisy. (We’ll get to that in due course.) Chuck-U Schumer “wants Secretary of State Hillary Clinton to press Saudi Arabia to boost output as rising prices are hitting consumer at the gasoline pump.” Whoa, whoa, whoa, whoa, whoa, whoa!Wait a minute. More oil? Chuck-U wants more oil? Is that what he’s asking the Saudis to do, pump more oil? Is that right? Is that what that means? Senator Schumer tells Clinton to pressure Saudis to pump more oil? He wants more oil? Then how come this regime vetoes the Keystone pipeline and has a drilling moratorium in the Gulf of Mexico and makes fun of/mocks the concept of producing more oil in the United States? So Senator Chuck-U Schumer is asking Senator Clinton to make us more dependent on foreign oil! That’s what he’s doing when he’s asking her to pressure the Saudis, pump more oil. He wants us to be more dependent. He doesn’t want to use our own oil. Obama doesn’t want to use our own oil.How come Chuck-U is not out there saying, “Everybody go buy a Volt?” How come Chuck-U’s not saying, “Hey, everybody go buy a Prius, go buy a hybrid”? How come Chuck-U’s not out there saying, “Get your tire gauge out and make sure the pressure is right and get a tune-up”? That’s what Obama does. So the Democrats want more oil. They want the price to come down with more supply. Funny how that never works domestically. So 2006, New York Times: “Democrats Eager to Exploit Anger Over Gas Prices” — at $3 a gallon. From BigGovernment.com Wynton Hall with the story: “Seven Gas Facts Obama Cannot Escape — “1. In September 2008, Barack Obama’s ‘Nobel-prize winning physicist’ of an Energy Secretary, Steven Chu, told the Wall Street Journal: ‘Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,'” which is much higher than what we pay. Obama has said he wants high prices. Why don’t these guys come out and say, “This is exactly what we want”? Steven Chu, the energy secretary, Nobel-prize winning physicist has advocated for higher prices. So has Obama. Now they’re getting higher prices. You know why? They want higher prices so you’ll have to go out and buy a Volt or a hybrid or get on a bus or get on a subway or take mass transit and become like a number. A robot. An interchangeable part of the system, like a Chinese citizen taking orders and dictates from the state and their command-and-control economy.

The truth is, they want higher prices. The problem is it’s an election year. Can’t advocate for higher gas prices in an election year. “2. In 2008, then-candidate Barack Obama admitted that, like his future Energy Secretary Mr. Chu, he believed that high gas prices would be a good thing because they would force Americans to ween [sic] themselves off of oil, but that he would have ‘prefered [sic] a gradual adjustment.'” We had the sound bite last week. We reminded you of it when gasoline hit four bucks and Obama said: It’s okay; it’s okay. I’m just a little upset how fast it got there. “3. On January 19, 2009, the day before Barack Obama [immaculated] gas prices were $1.84 a gallon. As of February 20, 2012 a gallon of gas cost $3.59,” and now it’s close to $5 a gallon. And don’t forget, in 2006 it was $3 a gallon, and the Democrats are out exploiting it and trying to turn it into a big political issue. “4. As Senator Kay Bailey Hutchinson points out, ‘Offshore drilling permits are being issued at less than half the rate of the previous administration. The average number of leases issued on public lands is less than half than during President Clinton’s term.’ 5. In 2008, Barack Obama seemed perfectly comfortable with soaring energy prices if they meant curbing greenhouse gas emissions.

“As Mr. Obama confessed: ‘Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.'” In their hearts and minds, Obama and the left are LOVING gas prices go up. They just can’t say so. But they love it. And that’s why there’s not a huge effort to bring them down. There’s a huge effort to make you think they want to, but how many stories have you seen where Obama says, “Ah, there’s really not a whole lot the president can do”? And Jay Carney says, “Well, there’s not a whole lot the president can do.” In 2006, don’t forget, Chuck Schumer and John F. Kerry (who, by the way, served in Vietnam) were mocking Bush for asking the Saudis to pump more oil! Arabs producing more oil makes prices go down, but somehow the US pumping more oil won’t make any difference.

That’s what they tell us. “Nah-nah-nah. That’s the stupidest thing we ever heard of! That’s a tired, worn-out cliche. ‘Drill, drill, drill,’ and for 30 years they’ve been saying that. That’s what the Republicans always say. Just drill, drill. That’s gonna take us two to three years!” Well, where would we be if 30 years ago we had just started drilling, drilling, drilling? Chuck-U Schumer in 2008: “Schumer to Bush: Stop ‘Coddling’ Big Oil, Saudis,” and get on ’em and make ’em pump more. And Chuck-U wants Hillary to do the same thing now. Obama, he can lower the sea level but he can’t lower the price of oil. “7. Try as he might, President Obama’s campaign will try to distance themselves from the fact that a central pillar of Mr. Obama’s 2008 campaign was a pledge to reduce the ‘pain at the pump’ caused by high gas prices.”

We can go back and we can get all of that audio that was a centerpiece of his campaign, a pillar, to reduce pain at the pump. But missing no opportunity to invoke class warfare, Obama said, “For the well-off in this country, high gas prices are mostly an annoyance, but to most Americans they’re a huge problem, bordering on a crisis. Here in Indiana gas costs $3.60 a gallon,” he said in 2008. Now it’s 2012, we’re over $5 a gallon, and there’s not much we can do about it.

And from MSNBC: “8 Reasons Why Gas Will Hit $5 a Gallon This Year.” I’ll just read through them. Not gonna give you details. Number one, Strait of Hormuz. Number two, Iran. Number three, refiners raising prices. Number four, other geopolitical risks. Number five, the European Union may save itself. Number six, the US economic recovery means higher oil prices. Number seven, summertime. Number eight, supply risk. In all eight of these reasons, not one of them mention Obama or his energy policies. So we have every effort in the world being made to shield Obama from any relationship to high gasoline prices, despite what the Democrats did all during ’05, ’06, ’07, and ’08. We even have some Republicans now saying, “We really don’t want to try to tie the president to this, market forces no president can control.”

We said back in 2006 there’s nothing Bush can do about it. The president does not have a magic wand. Releasing from the strategic reserves doesn’t make a significant long-term difference in the price of oil. And people who said that back then want us to say something consistent now. “Well, come on, let’s not jump on Obama for this. We all know honestly that presidents can’t do anything about it.” Bush was not choking the supply, however. Obama is. Obama is a factor in the price of gasoline. See, that’s the difference, Obama is a factor in the price of oil. Obama wants higher oil prices, his energy secretary and he have both said so. They want higher oil prices. This is not making it up. They want higher oil prices. It’s less freedom. It’s less mobility. It forces you into alternative buying decisions when it’s time to get a new car. So, Obama does have something to do with high oil prices.

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Eric in Glen Arbor, Michigan, you’re next on the Rush Limbaugh program. Hello, sir.

CALLER: Hi, Rush. Longtime listener from the early Clinton years.

RUSH: Thank you, sir.

CALLER: The reason why I’m calling is about the oil prices and what we’re paying at the pump. Lots of news about it, and if we go to five-, six-dollar-a-gallon oil, that’s gonna sink the economy, and I think it’s time to fight back, and I think we can fight back by several perspectives. One, we, as a consumer, can cut back slightly on our fuel usage. And, two, instead of just releasing 30 million barrels of oil from the strategic energy reserves, we need to do it in a strategic manner. For example, release seven million barrels of oil at, say, $89 a barrel. It’s about 109 bucks a barrel today. Release it at below the market price and then make several subsequent releases without telling anybody —

RUSH: There’s not enough oil there to make any difference. The real question is what is the price of algae by the gallon, because Obama has suggested pond scum as the next alternative fuel for oil. We cannot, by the way, and I appreciate the big-heartedness here in wanting to conserve, but there’s gonna be forced conservation at five dollars a gallon. There was a four. People will drive less because they can’t afford it. By the way, the economy’s already sinking. But you get to five or six dollars a gallon, the choice to conserve will not be something you have to force on people, it’ll be happening naturally. But even at that, conserving is not growth, and growth is what our economy needs. Growth and supply, growth in expansion, demand, all these things, that’s what this country and this economy needs. We can’t conserve our way to growth of anything.

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One look at the record of gas prices between George Bush and Barack Obama is all it takes – it is literally as simple as looking at a picture to understand how badly Obama has failed America.

2011 was THE most expensive year for gasoline prices in the entire history of the United States.  And then Obama began 2012 by giving us THE most expensive January in the history of the country, and followed that up by giving us THE most expensive February in the history of the country.

And Obama just threw the Keystone oil pipeline into Canada’s face and demanded that Canada sell its oil to China.

Gasoline prices have now DOUBLED in the three years of the failed Obama regime.

“Hope and change” means $6 a gallon gasoline in Florida and gas prices that are very likely going to be that high across the entire nation by Memorial Day.

And consider how this president DEMONIZED his predecessor in speeches like this one in which he said:

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.

And now the same man who attacked Bush isn’t responsible for the very same thing he attacked Bush over even though the situation is now WORSE under his completely failed leadership.

Because – to quote Obama himself – “that’s how badly OBAMA has failed.”

Obama ‘Hope And Change’ You Can Take Right Out Of Your Own Pocket: Florida Drivers Are Paying Nearly $6 A Gallon For Gas (You Will Too Soon)

February 25, 2012

Many Americans heard allof Obama’s “promises” and listened to the mainstream media praise him as a “transformational candidate” who was “sort of God.”  They wanted to know what an Obama presidency would be like.

Well now they know:

Florida Drivers Shelling Out Nearly $6 A Gallon At Some Gas Stations
By Matthew L. Higgins
February 22, 2012 11:47 AM

TAMPA (CBS Tampa) — Talk about pain at the pump! Some Florida drivers are spending nearly $6 a gallon to fill up their gas tanks.

According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesn’t get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular.

“Prices over in the Disney World area are much higher than any other place in Florida,” Jessica Brady, AAA spokeswoman, told CBS Tampa, adding that people regularly complain about gas prices in that area.

The Sunshine State is opening up its wallet, paying an average of $3.67 a gallon of unleaded gas, 12 cents more than the national average. And it’s only expected to go up.

“It doesn’t look like we will have relief at the pump anytime soon,” Brady told CBS Tampa. “I do think we will see prices surpass $4 a gallon. I think we will see that closer to spring time.”

One reason for the high prices is the conflict with Iran over the Strait of Hormuz. Iran has threatened to disrupt oil shipments through the waterway due to the European Union sanctions leveled against the country over its nuclear program, causing the price of crude to skyrocket. Trading on a barrel of crude today is a little over $106.

Another reason for the high gas prices: positive economic news. The drop in the unemployment rate and improved housing market numbers have caused gas and oil prices to rise.

“I know it frustrates quite a few consumers why positive news will lead to higher prices,” Brady told CBS Tampa. “It really just comes down to speculation.”

A third culprit behind the gas price boom is Greece. The EU’s bailout for the indebted country only adds to the global fuel demand.

And because of these reasons, Brady believes that Florida and the rest of the U.S. could see historic gas prices.

“I think this year we will see much higher highs.”

Believe it or not, those prices aren’t the highest in the nation. According to GasBuddy.com, motorists in Alaska are paying a whopping $6.34 for a gallon of regular at some gas stations. The cheapest gas can be found in Wyoming at $2.75 a gallon.

Obama is a pathologically dishonest weasel who is trying to take credit for BUSH’S ENERGY POLICIES to claim that we’re drilling more of our own oil than ever before.  Meanwhile, Obama has doubled down on PREVENTING drilling over every federal area that he can control:

Since taking office, he has declared 85% of our offshore areas off limits, decreased oil and gas leases in the Rockies by 70%, rejected the Keystone XL pipeline, and has 10 federal agencies planning more regulation of hydraulic fracturing…. The president’s ‘Jekyll and Hyde’ approach to energy security is hurting consumers.”

As one fellow furious blogger notes:

Here are the facts. Offshore is down 30% since Obama took office. Rocky Mountain federal lands are down 70% under Obama. He has held 85% of the outer shelf off limits. Only 3% of federal lands are available for lease. Obama says domestic production is up. It’s up due to francking and many in his party and administration want to stop that.

Here’s a quote from his energy secretary, Chu. President Barack Obama’s Energy secretary unwittingly created a durable GOP talking point in September 2008 when he talked to The Wall Street Journal about the benefits of having gasoline prices rise over 15 years to encourage energy efficiency.

“Somehow,” Chu said, “we have to figure out how to boost the price of gasoline to the levels in Europe.”

Obama is a truly evil man.  He lies so outrageously it is beyond unreal.

Four years ago he was demonizing Bush for the price of gas.  Now all of a sudden everyone and everything is to blame except the same office of the president.

Canada Prime Minister In China To Sell Keystone Oil Obama Rejected So America Could Have Highest Gasoline Prices EVER Instead

February 8, 2012

Fact one: America is just about to lose a huge source of oil because Barack Obama pissed away the hundreds of millions of gallons of Keystone oil and the tens of thousands of jobs it would have provided.  Now the energy America will desperately need to going to go to China.

Canadian PM in China trying to sell Keystone oil, says Sen. Hoeven
By Josiah Ryan – 02/07/12 12:40 PM ET

Sen. John Hoeven (R-N.D.) on Tuesday said that thanks to the Obama administration’s delay of the Keystone XL oil pipeline, Canadian Prime Minister Stephen Harper is, at this moment, hawking his nation’s excess oil to the Chinese administration.

“Right now Prime Minister Harper is talking to Hu Jintao, president of China, and believe me, China wants that oil,” Hoeven said. “[W]e will see what kind of agreement he comes back with from China.”

Harper arrived in China on Tuesday with a delegation of Canadian businessmen, and plans to meet with Chinese officials on the topic of energy.

Hoeven, whose state would host part of the proposed Keystone pipeline, which would carry oil from Canada to the American Gulf Coast, argued forcefully from the Senate floor on Tuesday that Canada wishes to sell its oil to its “best friend” the United States, but that the administration’s delay of a decision on the project had caused them to shop overseas for a buyer.

“The only thing we can figure is that the administration has decided that they don’t want oil produced in the Canadian sands,” Hoeven said. “While we continue to put Canada on hold, China is working very hard to make sure that oil comes to them.”

After a quiet morning on the floor, the Senate recessed for a break until 2:15 p.m. to accommodate party luncheons. The Senate will also be recessed Wednesday to accommodate a Democratic retreat.

Fact two: Americans spent more on gasoline over the course of 2011 than in ANY YEAR IN AMERICAN HISTORY.

U.S. drivers spend record amount on gasoline in 2011
Despite lower demand, more than $448 billion has been paid so far for fuel — $100 billion more than in 2010. Consistently high oil prices are blamed.
December 09, 2011|By Ronald D. White, Los Angeles Times

American drivers this week broke a record that will bring them no joy.

They collectively spent more than $448 billion on gasoline since the beginning of the year, according to the Oil Price Information Service, putting the previous record for gas expenditures — set in 2008 — in the rearview mirror with weeks of driving still to go.

It’s also a huge jump over last year, when U.S. drivers spent more than $100 billion less on gas.

The major reason for the record-setting gas spending in 2011 was that oil prices were consistently high all year. And that probably brought joy at the other end of the pipeline. The Organization of the Petroleum Exporting Countries is on pace to top $1 trillion in net oil exports for the first time, or 29% more than last year.

Fact three:

Gas prices to spike 60 cents or more by May
By Gary Strauss, USA TODAY

Get ready for another round of pain at the pump: $4 (or higher) gasoline.

After rising 19 cents a gallon in the past four weeks, regular unleaded gasoline now averages $3.48 a gallon, vs. $3.12 a year ago and $2.67 in February 2010.

Prices could spike another 60 cents or more by May. “I think it’s going to be a chaotic spring, with huge price increases in some places,” says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.

Rising prices are an annual spring ritual, largely because of seasonal demand.

Refiners also switch from winter formulations to more expensive seasonal formulations to meet stringent environmental standards, which can tack on 15 cents a gallon, says Brian Milne of energy tracker Televent DTN.

This year’s earlier-than-usual run-up is more about anticipation than current supply and demand. Last week, the Energy Department reported anemic U.S. consumption — the lowest levels since September 2001. Domestic crude oil prices, now about $98 a barrel, are near six-week lows.

Renewed tensions in the Middle East are bolstering crude prices, while speculators are boosting futures contracts, betting on global supply disruptions and tighter refining capacity. Kloza notes that several U.S. and overseas refiners have experienced temporary or permanent closures.

So far, $4 a gallon has proven to be the upper limit consumers will pay. Last April, national prices peaked at about $3.98 a gallon. In 2008, a sharp run-up ended when prices hit an all-time average of $4.11 a gallon that summer.

“Higher demand, Iran, lost refining capacity are all potential problems,” Milne says. “We’ll get over $4 a gallon, but it’s going to be tough to sustain that level. People will drive less.”

Energy analyst Patrick DeHaan of price tracker Gasbuddy.com expects prices to rise to about $3.55 a gallon by the end of February and peak around $4 by Memorial Day weekend.

“You could see prices in Chicago, Los Angeles, New York, Washington and other major metropolitan areas at $4.60 or higher,” DeHaan says.

Lisa Margonelli, author of Oil on the Brain: Petroleum’s Long, Strange Trip to Your Tank, says consumers will be vulnerable to rising prices until the U.S. develops alternative fuels such as natural gas.

Fact four: Barack Obama is the worst and most failed president in American history.

Thanks For ‘Necessarily Skyrocketing’ Gasoline Prices, Obama: Gas Prices Expected To Rise ANOTHER 60 Cents A Gallon By May

February 6, 2012

I recently preserved for the record (in an age when media articles that reveal liberalism for the failure and fraud that it is tend to “vanish”) stories that documented that Obama’s regime gave birth to THE MOST EXPENSIVE YEAR FOR GASOLINE IN AMERICAN HISTORY.

And all you have to do is go to the main page of my site and click on “oil” and see THAT CONSERVATIVES HAVE BEEN TELLING YOU THIS WOULD HAPPEN ALL ALONG.  As I have predicted over and over again.

And you aint seen nothing yet from the failure of the Failure in Chief:

Gas prices to spike 60 cents or more by May
By Gary Strauss, USA TODAY

Get ready for another round of pain at the pump: $4 (or higher) gasoline.

After rising 19 cents a gallon in the past four weeks, regular unleaded gasoline now averages $3.48 a gallon, vs. $3.12 a year ago and $2.67 in February 2010.

Prices could spike another 60 cents or more by May. “I think it’s going to be a chaotic spring, with huge price increases in some places,” says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.

Rising prices are an annual spring ritual, largely because of seasonal demand.

Refiners also switch from winter formulations to more expensive seasonal formulations to meet stringent environmental standards, which can tack on 15 cents a gallon, says Brian Milne of energy tracker Televent DTN.

This year’s earlier-than-usual run-up is more about anticipation than current supply and demand. Last week, the Energy Department reported anemic U.S. consumption — the lowest levels since September 2001. Domestic crude oil prices, now about $98 a barrel, are near six-week lows.

Renewed tensions in the Middle East are bolstering crude prices, while speculators are boosting futures contracts, betting on global supply disruptions and tighter refining capacity. Kloza notes that several U.S. and overseas refiners have experienced temporary or permanent closures.

So far, $4 a gallon has proven to be the upper limit consumers will pay. Last April, national prices peaked at about $3.98 a gallon. In 2008, a sharp run-up ended when prices hit an all-time average of $4.11 a gallon that summer.

“Higher demand, Iran, lost refining capacity are all potential problems,” Milne says. “We’ll get over $4 a gallon, but it’s going to be tough to sustain that level. People will drive less.”

Energy analyst Patrick DeHaan of price tracker Gasbuddy.com expects prices to rise to about $3.55 a gallon by the end of February and peak around $4 by Memorial Day weekend.

“You could see prices in Chicago, Los Angeles, New York, Washington and other major metropolitan areas at $4.60 or higher,” DeHaan says.

Lisa Margonelli, author of Oil on the Brain: Petroleum’s Long, Strange Trip to Your Tank, says consumers will be vulnerable to rising prices until the U.S. develops alternative fuels such as natural gas.

I pointed out in the article I already referenced that these sky-high gasoline prices are no accident or coincidence.  You voted for them when you voted for Obama:

You remember that quip Obama gave us that under his policies, energy prices “would necessarily skyrocket“?

Remember that Obama appointed an energy secretary named Steven Chu who said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe”??? With gasoline prices in Europe consistently hovering between $7 and $10 a gallon??? Steven Chu said that in explaining the Obama policy of “progressively” making gasoline more and more expensive in order to force Americans to turn to alternative energy sources. And one of the ways Obama wants to accomplish that dream (which amounts to a nightmare for working Americans) is to tax Americans for driving by the mile.

Barry Hussein can file 2011′s gasoline prices under the category “mission accomplished.” But, of course, he’s really only just getting started.

Go back to something I wrote back in August of 2008 – Iran And The Bomb: What Are We Going To Do? – and ask yourself the same questions I asked back then.  And remember that one of those questions involved what would America do if gasoline cost $12 a gallon in the wake of an Iranian nuclear bomb.

What’s that going to do to our economy?  What’s that going to do to you and your family?

You’d better have an answer to those questions.  Because you stupidly and wickedly voted for a fool who will bring that reality to pass.

 
 

Obama Tax On Oil Companies Amounts To Pissing Profits Into The Sea

February 3, 2012

Here’s a great use of a billion dollars:

Shell losing $1 billion a year on U.S. Gulf drilling delays
Posted on February 2, 2012 at 12:12 pm by Bloomberg

Royal Dutch Shell Plc, Europe’s largest oil company, is losing about $1 billion a year from drilling delays in the Gulf of Mexico since the 2010 Macondo disaster.

Shell’s production in the region will be curbed by about 50,000 barrels of oil equivalent this year, similar to 2011, Chief Financial Officer Simon Henry said. The company expects to return to planned operations off the Gulf coast by 2014.

“The cash flow implications are a billion dollars or more per year relative to where we want to be,” Henry said in London today. “We are catching up.”

The company, which in March said it planned to raise output to 3.5 million barrels of oil equivalent a day in 2012, is now warning that production could be lower due to Gulf drilling delays, asset sales and oil and gas prices in the U.S.

The U.S. Interior Department issued new safety regulations after lifting the drilling moratorium in October 2010 put in place after BP Plc’s Macondo well exploded in April the same year. The blowout, which killed 11 and sank the drilling rig, led to hundreds of lawsuits against BP and its partners and contractors.

Want a billion dollars and a whole bunch of oil that would bring the price down (which would be really nice, given that under Obama 2011 was THE most expensive year for gasoline IN AMERICAN HISTORY)?  You could GET RID OF OBAMA AND LET THE OIL COMPANIES DRILL.