I’ll bet you thought that getting more oil out of the ground and from under the seas would mean, well, we’d have more oil, more oil on the market, and more translates into a greater supply to meet demand which would mean lower gasoline prices. If you thought that, you’re wrong, gas breath!
Or so says Michael Bromwich, the chief regulator for US offshore drilling, who believes his agency’s snail’s pace of reviewing oil and gas exploration plans has nothing to do with high prices at the pump.
Bromwich elaborated for the dense among us: “Even if we permitted the hell out of everything tomorrow–every pending permit, some permits that haven’t even been filed yet–it would not have a material effect on gas prices. That’s the simple, clear reality:” http://bit.ly/h4jO6e
Interior Secretary Ken Salazar said much the same thing last month. When asked about drilling in the Alaskan National Wildlife Reserve, he replied, “We don’t believe that you need to drill everywhere.” Instead, in Obamaspeak, we drill nowhere since the amount of oil we have has no bearing on the quantity of oil we have. Got that?
Actually, the simple, clear reality is that the Obama administration since even before there was an Obama administration has wanted high energy prices to effect his brave, new green world. In January 2008, candidate Obama said that, “Electricity rates would necessarily skyrocket” and his future Secretary of Energy, Steven Chu, said, “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.”
We’re getting there, fast. Four dollar gas is already the norm, prices have hit $5.00 in D.C. and elsewhere and should be the new norm by the start of peak driving season, Memorial Day. By Labor Day, who knows? Most Europeans buy by the liter and are paying close to $10. a gallon of petrol, which is the reason they drive matchbox cars.
Another clear reality is that soaring gas and oil costs are no surprise to the administration despite its sham announcement that oil speculators are responsible and they will crack down on Big Oil in reprisal.
Speculators tend to speculate and the speculation is that oil is going up so why wouldn’t they bet on that probability which is none of their doing? And cracking down on oil companies will only push prices even higher, which is all part of the Obama’s master plan to green America–and cripple and bankrupt America in the process.
America is and will be paying a steep price indeed to fulfill the green dreams of our environut of a president. The real crunch will come next winter when people may have to choose between filling their heating oil tanks or filling their bellies.
The good news is that word is Obama’s next stimulus plan will include monies to install windmills on the roofs of every car in America and solar panels on every home in the woods. The kinks still have to be worked out.