S. Fred Singer:
The Gas Price Kerfuffle: Obama's Achilles Heel? “Newt Gingrich seemed to be shooting from the hip when he promised, if elected, to bring us gasoline at $2.50 a gallon. Yet cheaper gas is not out of question once the price of crude oil is brought down to about $60 a barrel. And I readily agree with Gingrich's policy prescriptions -- primarily among them increasing domestic production of oil. But it may also take conservation (or substitution ) to cut, by 40%, the world price of the raw material for motor fuels. As gas prices rise to $5 during the summer driving season, Obama is feeling the heat but has not produced new ideas. On the contrary; all his policies tend to make gas more costly -- opening the door for GOP initiatives.”……