Obama Repeating Same Energy Mistakes as Jimmy Carter
By Conn Carroll
The Obama Administration has already presided over the steepest rise in gas prices since the Carter Administration. And like President Jimmy Carter, PresidentBarack Obama has restricted traditional domestic energy development at every turn.
According to the Energy Information Administration, President Obama’s Gulf drilling moratorium will cause domestic offshore oil production to fall 13% this year . Absent the Obama moratorium, the EIA had predicted a 6% increase in offshore production from 2010 levels. That means President Obama’s Gulf moratorium alone will cost American consumers 220,000 barrels of domestic oil production a day.
But President Obama is not against all offshore oil drilling. When other countries are the ones developing their natural resources, President Obama is all for it. This Sunday in Brazil, President Obama highlighted that country’s recent offshore oil discoveries: “We want to help you with the technology and support to develop these oil reserves safely, and when you’re ready to start selling, we want to be one of your best customers.”
As Steve Forbes recently warned: “The Obama Administration is repeating the mistakes of President Jimmy Carter’s failed energy policies, which marred his term and stigmatized the 1970s. They are leading us straight into another national energy disaster.”
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for the decider.
Voodoo Economics.... your crazy.
Actually gas at the pump skyrocketed 2003-2007 so dubyas friends could make Billions and everyone knows it.
Jan-00 1.289
Dec-07 3.018
Heritage Foundation ..... my eye.
Don't pick and choose a period of time which includes parts of two different presidencies...according to the website http://www.eia.doe.gov , the US retail gasoline price on January 22, 2001, two days after Bush's inaguration, was $1.456, which according to http://www.usinflationcalculator.com / is about $1.83 in 2011 dollars. The US retail gasoline price on January 19, 2009, one day before Obama's inaguration, was $1.832, about $1.89 in 2011 dollars. From that same government website, the March 21, 2011 gasoline price is $3.507. Yes, prices jumped all over the place during the Bush presidency...quite a ways up, and then quite a ways down. So far under Obama we've seen only the up.
can work both ways.
Folks on fixed incomes are not afforded the luxury of inflation.
And you're the only one who cherry-picked stats - I gave both honestly. So, when Bush took office, gas was $1.456, when he left it was $1.832, and two years into Obama it's $3.507...now let's see if it has the same later-in-term drop under Obama that it did under Bush.
my original comment.
Gas was heading to ONE dollar before Bush took office.
Oil was losing value big time.
and was up almost a dollar more when he left.
During his 8 years many Americans saw no pay raises, many myself included. We watched our employers get cancellations on inked contracts.
Before the dubya was swore in, many of us said Watch what happens to the price of fuel.
Just because the dirt bag is not President anymore , doesn't mean his friends in the oil industry ceased to benefit from his depression creating administration.
A lot of the time you're a relatively intelligent fellow, but you're letting your emotions cloud you on this and you really have no idea what you're talking about. Neither Bush, Obama, or any other American has any significant control over the price of oil . Over 90% of the world's oil comes from foreign markets, so they have a lot more control over setting the price. And if it was really the conspiracy you say it is, then why did Bush let it fall so much in the final years of his presidency - were his friends tired of making money? Too many holes in the logic. Too many factors in the price - supply/demand, OPEC, stability in foreign markets/governments, inflation/recession, speculators...you're simply giving the American president far more credit than he deserves - he doesn't have that kind of ability.