Posted on 02/25/2011 5:07:11 PM PST by Kaslin
Energy Policy: While we sit on abundant oil and natural gas reserves, prices at both the wellhead and the pump are rising on fears of spreading Mideast turmoil and short domestic supply. But then, maybe that's the plan.
The silver lining for this administration in the gathering storm over the Middle East may be what it's doing and may yet do to energy prices. The average price for gasoline jumped nearly 12 cents a gallon last week to $3.287, according to AAA. But at the White House, that's not necessarily bad news.
Oil has surged to 2 1/2-year highs as the chaos in Libya chokes that nation's exports. Yet among the "full range of options" the Obama administration is considering as the Libyan crisis festers, and the lit match of discontent gets perilously close to Saudi oilfields, ordering the full resumption of domestic oil and gas production is not one of them. Why?
Energy Secretary Steven Chu has said that "any disruption in the Middle East means a partial disruption in the oil we import. It's a world market, and (a disruption can) have real harm on the price." And so, we would think, would the orchestrated and carefully planned disruption of domestic supply by this administration.
(Excerpt) Read more at investors.com ...
and zero has that POS on speeddial
“Energy prices will necessarily skyrocket” - Barry Hussein 0bama
Of course, he does...so he can force all that “green” krap down our throats.
Hit $3.45 everywhere this PM in Central Florida
“Rush said $8-$10 gallon of gas will never happen.”
I tend to agree - been watching Rush play golf on The Haney Project and his golf balls have three words printed on them:
“Don’t Doubt Me” - he’s usually right and I don’t believe anyone anymore.
Back then, it benefitted her to make noise. Now it doesn’t.
If gasoline gets up to $8 a gallon then all gas stations will have a heavily armed presence,either private security or National Guard, there will be fuel truck hijackings and NASCAR will suspend all races.
I’ll deal with high gas prices but when I lose NASCAR its WAR!
The answer is “yes” - absolutely!!
He has made it clear that the only way to get to the alternate energy production he seeks is to raise the cost of gasoline to $5.00 p/gal or higher.
This not only will reduce driving and increase costs of most all items we buy, but cause a profound change in American culture.
bttt
The answer is “yes” - absolutely!!
He has made it clear that the only way to get to the alternate energy production he seeks is to raise the cost of gasoline to $5.00 p/gal or higher.
This not only will reduce driving and increase costs of most all items we buy, but cause a profound change in American culture.
I am amazed at the tripe.
Gasoline prices are merely a part of the deal. Everything is going to inflate. Inflation soves all the government problems.
The real estate price increases will save those under water. Banks will be able to break even on distressed forclosures. The debt will be repaid with seriously devalued $$$. Unions will shout for glee and tout theur winning efforts to raise wages. And onand on
Devaluayion/inflation is the desired salvation
And you can bet with high oil prices, this WILL NOT happen again:
Amid high gasoline prices in 2008, Bush lifted a ban on offshore drilling.[155] Bush said, “This means that the only thing standing between the American people and these vast oil reserves is action from the U.S. Congress.”[155] Bush had said in June 2008, “In the long run, the solution is to reduce demand for oil by promoting alternative energy technologies. My administration has worked with Congress to invest in gas-saving technologies like advanced batteries and hydrogen fuel cells.... In the short run, the American economy will continue to rely largely on oil. And that means we need to increase supply, especially here at home. So my administration has repeatedly called on Congress to expand domestic oil production.
Hey, when gas is $8 a gallon, almost all alternatives are “viable”. Especially bicycles.
But to get serious for a second, a positive side effect would be the explosion of telecommuting. I am fascinated by the I-90 floating bridge at rush hour. Thousands and thousands of cars clogging the road going BOTH WAYS during the morning and evening commute. $8 gas might cull the herd.
Another positive aspect is Obama will lose the 2012 election in a landslide.
>>“Rush said $8-$10 gallon of gas will never happen.”<<
I strongly agree. We’d be past the pitchforks and torches - not to mention civil war - point LONG before it got to that point. I’m thinking when gas is $5 a gallon in Houston.
One other note. If you fear high gas prices, buy oil stocks.
The amount can be not too great. Buy just enough to grow enough to cover your personal gas price increase.
This applies to food and other such. Stocks will rise and eat up the inflation
Buy gold stocks or funds and just enjoy the ride
Average price of gas was $1.83 the day before 0bama was inaugurated.
Alert the media.
>>Another positive aspect is Obama will lose the 2012 election in a landslide.<<
Assuming he is still alive or out of hiding.
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