Energy Cost Rise: A Pledge Obama (Unfortunately) Kept

investors.com ^ | 10/23/2014 | editorial

[rktman]

Inflation: We've chastised President Obama many times for failing to live up to promises he made when running for the office. So in fairness, we want to credit him for fulfilling one of them: his pledge to raise energy costs.

In early 2008, candidate Obama told the San Francisco Chronicle that "under my plan ... electricity rates would necessarily skyrocket."

Obama was referring to his plan to cap greenhouse-gas emissions, which would, among other things, effectively choke off coal as an energy source. He was just as fond of high gasoline prices, telling CNBC in June 2008 — as gas prices shot up to $4 a gallon — that he "would have preferred a gradual adjustment."

[rktman]

Oddly enough, gasoline prices are down just before the upcoming (s)elections. In Reno I've seen them as low as $3.23/gal cash for regular. Pretty darn nutso when you get excited about gas prices below $3.50/gal huh?

[Focault's Pendulum]

The market always wins.

[thackney]

I saw $2.78 yesterday Outside of Houston.

[thackney]

$2.45/gal

http://www.houstongasprices.com/

[rktman]

I’d ask you to send me some but I think the USPS prohibits shipping it through the mail. :>}

[Ouderkirk]

Let’s see...$1.899 per gallon on Jan 20,2009

$3.39 now..and $3.89 only a few months ago.