We thought those prices were high... |
Finger Lakes families once again see their budgets hammered by rapidly increasing gasoline prices. Today's gas price at our local Byrne Dairy store reflects the chaos in the Middle East, compounded by the anti-energy policies of our own national government.
While the Obama-Clinton foreign policy team, by design and/or incompetence, appears helpless in the face of world events, there is one thing we can do right here in the US to drive energy prices lower immediately. At Energy Tribune, Marita Noon reminds us:
Remember the last time prices spiked dramatically? It was Friday, July 11, 2008. They were $147.27 a barrel and, even accounting for inflation, have never been higher—before or since. On Monday July 14, prices began a descent. What stopped the increase? What changed the direction?
Monday, July 14, 2008 President Bush signed an executive order reversing his father’s 1990 ban on offshore drilling. The signature did not change the flow of oil, but it did signal a shift in political will. On September 23, 2008, then-Speaker Pelosi announced that Congress would allow the offshore drilling ban to expire. Then-Representative Rahm Emanuel called President Bush’s action a "political stunt," but the economic benefit was global.The difference today is that Obama does not want lower gas prices - he wants higher gas prices. To Barry, your economic pain is a feature, not a bug. Don't expect any help from him.
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