Tuesday, April 26, 2011

President Oil-bama

If you haven't already, you're going to start hearing how President Obama is somehow responsible for the high gasoline prices this country is paying. Americans should will blame the President. He is, after all "waging war" on American energy producers.

How?

Look at last year's shakedown of an oil company! Just what you would expect from someone who is into "Death Panels" and "Kenyan Anti-Colonialism" and who refuses to talk about his demonstrably proven Hawaiian birth certificate.

And I give the pundits trying to hang gas prices around the President's neck just about as credibility as I believe they had on those issues. The only action politicians in America can take to address rising gasoline prices is to ruthlessly try and assign blame.

This is, of course, not the first time we've seen this. Not even close.

Don't believe the hype, this is all crap. Here's just one reason why. All the "easy" oil is gone. Another reason? Oil producers are already some of the most subsidized businesses in the United States.

Oh yeah, that's another way the President is "waging war" on these poor, defenseless little altruistic energy companies, by working to eliminating their socialist feudal robust federal tax subsidies in the face of massive profits.

Maybe we should just start having the government pay oil companies directly. That might keep the prices down at $3.75 for another three months.

I thought maybe more Americans would have paid a little bit closer attention last year when BP was busy dispersing free oil to the Gulf of Mexico. I thought maybe more Americans would remember the last time gasoline hit $4 a gallon. For those of you who might have let the likes of Charlie Sheen cloud your too short memory, please allow me to refresh it.

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4 comments:

alli said...

The only way the President can do a damn thing about gas prices is through taxation, and that's really up to Congress.

Oil is a globally produced, globally traded commodity. Domestic production has *no* effect on the price we pay at the pump. Americans already pay incredibly low prices for gasoline by world standards, because the gasoline tax has not been raised since the early 90s.

Cousin Pat from Georgia said...

Oh, the early 90's. I remember when gasoline went from $.80 to $.90 a gallon on the basis of that tax increase.

Dante said...

"The only way the President can do a damn thing about gas prices is through taxation, and that's really up to Congress."

Tell that to Bill Clinton. When he let go of a good chunk of our strategic reserves, he made a distinct global impact on the cost of gasoline. It was short-lived but it did exist. There are several ways the President can affect the global supply and therefore affect the cost.

The best arguments I've seen that Obama has affected the cost of gasoline is from the devaluing of the dollar on his watch and his participation in Libya. But I don't think the dollar is entirely his fault and supply interruption in Libya would've happened with or without his actions.

But most of that is irrelevant. Hanging the cost of gas around the President's neck is a political goldmine. And politicians will continue the practice for as long as it keeps working.

Cousin Pat from Georgia said...

Hanging the cost of gas around the President's neck is a political goldmine. And politicians will continue the practice for as long as it keeps working.

Very true. It is a shame that this is the case, and our politicians will attempt to encourage progress-resistant behaviors on the part of the voters in such ways.

One of the reasons I write posts such as this is to counter that. As soon as it stops working, perhaps we can force some real, progress-prone energy policy out of Washington.