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"We're as free of foreign oil as we've been in 30 years," Obama said. "We've doubled the amount of clean energy that we're producing. A lot of families are saving a lot of money at the gas pump, which is putting some smiles on folks' faces." "You're welcome," Obama said to tepid applause.

If you were a television news anchor reporting on falling gas prices, why would you say "the best news" was that a gallon of gasoline "might drop another 50 cents by Halloween, just in time for the election?" Believe it or not, ABC's Paula Faris, appearing on Monday's Good Morning America, actually said exactly that (video follows with transcript and commentary): ABC Anchor: 'The Best News' - Gas Prices 'Might Drop Another 50 Cents...Just in Time For the Election' GRAPHICS: PRICE PLUNGE AMY ROBACH (ABC NEWS): And millions of Americans are getting ready to hit the road for the July...

Newt Gingrich is asserting that President Barack Obama pursues an “outrageously anti-American’’ energy policy that snubs the Keystone oil pipeline and puts too much stock in electric car technology to wean the country from foreign oil dependency.

Obama's Energy Plan -- Algae By Susan Jones February 24, 2012 (CNSNews.com) - "The American people aren't stupid," President Obama said on Thursday -- as he insisted that drilling for more oil on U.S. territory is "not a strategy to solve our energy challenge." The president's solution? Algae, for one. There are no quick fixes to the nation's eneergy problem, the president said, dismissing Republican calls for more drilling as a "bumper sticker." "We’re making new investments in the development of gasoline and diesel and jet fuel that’s actually made from a plant-like substance -- algae," the president said at...

President Obama admitted today that he does not have a "silver bullet" solution for skyrocketing gas prices, but he proposed alternative energy sources such as "a plant-like substance, algae" as a way of cutting dependence on oil by 17 percent. "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," Obama said at the University of Miami today. "If we can figure out how to make energy out of that, we'll be doing alright. Believe it or not, we could...

NEW YORK - President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices. Earlier, the Justice Department announced the working group, which will include representatives from the Commodity Futures Trading Commission, the Federal Trade Commission, the Federal Reserve Board, the Securities and Exchange Commission, as well as the Departments of Agriculture, Energy, Justice and Treasury. Rising fuel costs have raised concerns about the strain on the economic recovery, with U.S. gasoline prices now averaging over $3.80...

[SNIP]So, if somebody wants to build a coal plant, they can — it’s just that it will bankrupt them, because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.[SNIP]Let me sort of describe my overall policy. What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there. I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would...

"Never mind." That, in a nutshell, is the White House's new position on domestic oil exploration. In March, President Obama announced that he would allow -- or at least entertain -- some new oil development off the Atlantic Coast and in the eastern Gulf of Mexico. This week he reversed himself, saying such exploration is now off the table for at least five years. Only the most black-hearted cynics among us would even contemplate the notion that Obama had his re-election prospects in, say, Florida in mind when he made his decision. Then again, some believed that Obama's initial decision...