Legend Oil and Gas – LOGL  With gasoline and heating oil prices reaching and surpassing $4.00 a gallon and $5.00 and even $6.oo on the near horizon, Obama’s Energy Secretary Steven Chu should be given a nice round of applause for being so insightful in 2008 when he said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”   

We’re not quite there yet but we’re on the Chu trajectory. 

Chu’s reasoning, if you can call it that, was that high gas prices would force Americans to buy more fuel efficient cars and move their residences closer to their places of employment. (http://on.wsj.com/2RCznj) 

A typically-liberal approach to social manipulation, Chu’s muddle-headed plan didn’t take into account the future fuel efficient Chevy Volt’s tendency to explode, the added cost of buying hybrids, or the impracticality of most Americans switching jobs during a jobs’ shortage. 

Never confuse liberals with reality. 

They say their ultimate goal is to end American reliance on foreign oil and toward that end Obama and Company refuse to open up ANWR to drilling, refuse to issue off-shore drilling permits, refuse to approve the Keystone XL pipeline due to environmental fears, loan billions to Mexico to fund offshore drilling off California’s coastline, and ridicules Republican demands to ”drill more.”  

All are peculiar inactions unless one considers that Obamians are intent on crippling  America and reducing us to the level of a Third World nation, an international adjunct of his pledge to share the wealth.  

Perhaps the greatest irony in all this is Secretary Chu’s current concern that high oil prices threaten to stifle America’s and world economies. 

Just imagine what will happen when United States’ gas prices reach European levels!   

As a Nobel Prize winner, Chu must be correct in all he thinks, no?  Then again, Barack Hussein Obama was awarded a Nobel Peace Prize and has been warring ever since. 

This president, to whom we are shackled until at least January, 2013, has an enviable knack for interpreting realities understood by most of the population into fantasies only he and his leftist administration believe to be true. 

In 2008, he campaigned against the Republican Party by blaming his predecessor for $3.00 gas yet now he denies any responsibility for gasoline prices and cautions that there is no “silver bullet” for lowering pump prices.   

He not only killed Keystone, etc., he advocates for renewable energy sources such as solar and wind power, ignoring the facts the sun doesn’t always shine and winds don’t always blow.  He boasts that he has encouraged oil exploration, a boast absurd on its face and contradicted by oil industry leaders such as Swift Energy’s Bruce Vincent who said the Obamians have “done nothing but restrict access and delay permitting.” 

is effectively pond scum,  None of that is meant to suggest the president doesn’t have a unique scheme for lowering gasoline prices: His plan is to convert plentiful algae, pond scum, into gas and other fuels. 

Bragging at the University of Miami that, ”We’re making new investments in the development of gasoline, diesel, and jet fuel that’s actually made from a plant-like substance, algae.  You’ve got a bunch of algae out here.  If we can figure out how to make energy out of that, we’ll be doing alright. Believe it or not, we could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in America.”  (http://bit.ly/zKyIsJ)  

“If we can figure out how to make energy out of that.” 

And, if we can figure out how to turn base metals into gold, we’d be doing even better.  And, if we can figure out how to make silk purses out of sows’ ears, we’d be magicians.  And, speaking of pond scum, if we can figure out how to return this nincompoop to Chicago, we could save our country.