Video: Why gas prices are so high (hint: it’s not the evil oil companies)
posted at 12:45 pm on February 24, 2012 by Tina Korbe
To listen to the president talk, you’d think federal government policy had nothing to do with the high gas prices we face at the pump. Oh, no; Middle Eastern instability or the greed of big oil companies are to blame. Unfortunately for the president, that doesn’t square with his energy record, which has — at every turn — created obstacles to American energy production and, in effect, driven gas prices higher. House Speaker John Boehner has released a timeline that captures Obama’s deleterious impact on the oil and gas industry — and, consequently, on gas prices. The timeline extends to the beginning of Obama’s term in office, but, as a sample, take a look at just the five most recent decisions the administration has made:
- JANUARY 2, 2011 – TIME reported that the Obama administration issued the first in a series of regulations on January 2 designed to unilaterally impose a national energy tax. Gas is $3.05 a gallon.
- MAY 5, 2011 – The White House issues a formal statement opposing House-passed Restarting American Offshore Leasing Now Act (H.R. 1230) and Putting the Gulf of Mexico Back to Work Act (H.R. 1229), legislation designed to jumpstart American energy production, address rising gas prices, and help create new jobs. Gas is $3.96 a gallon.
- JUNE 21, 2011 - The White House opposes the House-passed Jobs & Energy Permitting Act that would unlock an estimated 27 billion barrels of oil and 132 trillion cubic feet of natural gas. Gas is $3.65 a gallon.
- NOVEMBER 8, 2011 – The Obama Administration releases a plan for a five-year moratorium on offshore energy production, placing “some of the most promising energy resources in the world off-limits,” according to the House Natural Resources Committee. Gas is $3.42 a gallon.
- JANUARY 18, 2012 – President Obama rejects the bipartisan Keystone XL pipeline and the more than 20,000 jobs that would come with it. Gas is $3.39 a gallon, and rising faster and earlier than ever before.
Yesterday afternoon, Fox Business Network’s Gerri Willis interviewed Gulf Oil CEO Joe Petrowski, who confirmed what Boehner’s timeline suggests. The government has an inordinate amount of influence over the energy industry and has repeatedly proved itself adept at picking losers to subsidize and winners to penalize.
It makes no sense, this administration’s endless war on energy. It makes even less sense when you consider Candidate Obama’s stated promises to achieve energy independence. If that’s his goal, he has a funny way of showing it. When he ran for president, he even shilled for the Alaska pipeline — a project that, under his actual administration, has met with significant regulatory hurdles and is not slated to begin construction until 2015.
At some point, the president will have to accept that the American public can see through his rhetoric. He might say he wants a clean and secure source of energy, but his actions repeatedly say otherwise. According to a recent AP/GFK poll, 58 percent of Americans disapprove of his handling of high gas prices. What’s up with the other 42 percent?









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0bama’s “arbitrary and capricious” Gulf of Mexico drilling moratorium attacked the economy of Louisiana, sent the rigs overseas, and choked out domestic supply.
If you have not yet watched Bobby Jindal’s speech at the “Rally for Ecdonomic Survival,” given in front of 11,000 enraged Cajuns at the Cajundome in Lafayette, Louisiana inJuly, 2010, you should. Listen to what Jindal says about 0bama’s attack on our domestic oil industry, you need to:
Sorry about the filming – I was using an unfamiliar camera – but after the beginning the filming improves….
Bobby Jindal moratorium speech, July 2010:
Part 1
Part 2
cane_loader on February 24, 2012 at 1:47 PM
You forgot …
d) Boehner and the repugnant leadership will scream like little girls and join with dems to pass a tax on “big oil”.
Lost in Jersey on February 24, 2012 at 1:48 PM
WRONG! He will not. He’s a committed socialist and will go down with his socialist ship in NOV 2012.
TX-96 on February 24, 2012 at 1:50 PM
What would be the reaction of the MSM if Rick Perry was the one who came up with the algae suggestion?
galtani on February 24, 2012 at 1:50 PM
O’s policies to blame but not letting smooth talking big oil off the hook either. Spin,spin everywhere.
jeanie on February 24, 2012 at 1:52 PM
And all believable.
“We should explore this.”
“I’m out of here, Steve.”
Absolutely unqualified for anything other than talking.
Lanceman on February 24, 2012 at 1:54 PM
Let Boehner give a similar timeline for gas prices when Bush was president. The same reason it went high under Bush is the same reason it’s gone high under Obama – a lot of spending, some of permanent, financed by the Federal Reserve, by means of inflation.
http://lewrockwell.com/orig12/woodhill2.1.1.html
rickv404 on February 24, 2012 at 1:56 PM
Thank you. But it was actually sold. This is simply about money and control. He’s not stupid it’s intentional.
And this from wiki:
FLconservative on February 24, 2012 at 1:59 PM
Thanks, DanMan.
I hope the HotAir audience, in general, finds my comments helpful and not annoying. There are certain things that I think we can’t emphasize enough… like this comparison. We need to get these numbers out to our friends and associates who don’t read HotAir.
Far from being “Bush’s fault”, things were actually very good under Bush and the Republican House and Republican Senate. Over the last five years, the Demonrats have absoultely tanked our economy.
ITguy on February 24, 2012 at 2:01 PM
CC: Fracking moron Bill O’Reilly
Buy Danish on February 24, 2012 at 2:05 PM
I thought a big part of the spike in 08 was because of the dem moratorium on drilling. A barrel of oil was 140. After Bush canceled the moratorium, within 6 moths a barrel was selling for 45.
I point this out to libs and they don’t believe it. They are blinded by their own extremist bullcrap. On dec 31 of 2008 a gallon of gas was 1.53.
They don’t believe it.
Mimzey on February 24, 2012 at 2:07 PM
Time for all of us to check our tire pressure again…
right2bright on February 24, 2012 at 2:15 PM
As someone who’s generally found to be annoying, let me say your comments are not annoying.
You are absolutely correct that we need to get this word out, but I do find it difficult to convey hard numbers to “purply” friends, coworkers and relatives (the ones for whom I think there’s hope). If you get too far into the weeds, their eyes tend to glaze over and you can feel the “why should I bother to even vote, they’re all the same” kinda vibe.
I try to stick to general ratios like oil lease sales are “half” of what they were. Annual deficit has almost “tripled”. National debt is “double” what it was. I can usually hold their attention quite a bit longer than if I start throwing numbers like 13 Trillion at them.
Lost in Jersey on February 24, 2012 at 2:17 PM
While it certainly appears to be true that the Obama Administration has not helped the situation, Big Oil is not exactly being forthright themselves. The question is, “if more oil is being produced in North America, then what is keeping Big O from selling it abroad for a higher profit”?
DDay on February 24, 2012 at 2:19 PM
You forgot the directive by Obama which allowed 38 (or More) formulations of gasoline up from 8 under Bush, thus increasing costs of delivery and production. I think he signed it his first Week in Office.
Bulletchaser on February 24, 2012 at 2:22 PM
I didn’t read your post before I posted, but thought that was the way it went.
Good info ITguy.
Mimzey on February 24, 2012 at 2:26 PM
In Calif, the EPA and state regulators have not issued new well permits for over 2 years to allow new water injection wells which supplements oil production in existing oil wells. Without these new water injection wells, oil production typically drops at 10% less oil production levels per year, with new water injection wells the production rate is leveled to a 3% oil production decrease.
The fact is the admistration increasing oil production is a LIE. Without new water injection well permits, oil production decreases every year.
Another LIE is that it takes 5 – 10 years for new oil production to the market. A new oil well can be on production within 30 days. A new well location can be setup so that portable tanks can hold the produced oil and water temporarily until a pipeline can be constructed, providing the EPA allows the permit.
LIE #3: domestic oil production is shipped to China? BS. Our production is shipped directly to a local refinery and used in ASouthern Calif.
dthorny on February 24, 2012 at 2:27 PM
“NO way, dude HALLIBURTON, blah, blah, blah, oil buddies, blah, blah, blah, war for oil”.
Q for libs: If the Iraq and Afghanistan wars were for oil, why did oil increase in price in 2008? Explain GW Bush dropping the drilling moratorium as prices dropped below 2 dollars a gallon?
Liberals are stupid. If you can get them to believe in “hopeandchange” slogans, sponsored by the communist party and Alinsky, you can sell them anything.
dthorny on February 24, 2012 at 2:34 PM
All of his posts are nonsense; he’s just going for brevity this time…
affenhauer on February 24, 2012 at 2:44 PM
I thought a big part of the spike in 08 was because of the dem moratorium on drilling. A barrel of oil was 140. After Bush canceled the moratorium, within 6 moths a barrel was selling for 45.
I point this out to libs and they don’t believe it. They are blinded by their own extremist bullcrap. On dec 31 of 2008 a gallon of gas was 1.53.
They don’t believe it.
Mimzey on February 24, 2012 at 2:07 PM
I had the same exact conversation practically with a semi-liberal co-worker a few months back. I pointed out that gas had gotten down to the $1.60/gallon range in our area after Bush’s actions in 2008, and he just would not believe that it had gotten that cheap.
I had to dig up actual chart statistics for our area to prove my point!
It’s so frustrating when so many otherwise bright people can be so dense when it comes to issues such as these. They complain about whatever the problem happens to be, but ultimately vote in the same types of people over and over again who have so clearly caused the problem in the first place without even thinking about it…
TempestGuy on February 24, 2012 at 2:48 PM
Thank you both. I appreciate that feedback.
ITguy on February 24, 2012 at 2:50 PM
Palin already covered this issue earlier today:
https://www.facebook.com/note.php?note_id=10150581060688435
Obama’s Anti-American Energy Policies Invite the Next Crisis
ChuckTX on February 24, 2012 at 2:52 PM
I’ll tell you what’s up with the other 42 percent. They are far-left Obama supporters who either support the Enviro Industry or work for the Enviro industry. They drive hybrid “smugmobiles” such as Volts, Leafs, Prius’s (Priae?). Or they are Limousine Libtards who are filthy rich and high gasoline costs aren’t on their radar screen (filthy rich as in they got their wealth via Crony Capitalism, not free-market capitalism).
In short, the other 42 percent don’t care about our country, don’t care about American jobs, don’t care about the American economy, and sure as hell don’t care that under their watch, the American debt has almost doubled in less than 4 years of their irresponsible incompetency.
CatchAll on February 24, 2012 at 2:54 PM
Hey, Tina. they featured this thread at http://www.ihatethemedia.com/
davidk on February 24, 2012 at 2:57 PM
Gas is up to $2.90 today, from $2.86–where I live in Colorado. Are gas prices A LOT higher in other states? If so, then WHY?
DixT on February 24, 2012 at 3:02 PM
What’s wrong with the other 42%? They don’t buy gas for themselves.
AH_C on February 24, 2012 at 3:08 PM
Im Georgia, under President George W. Bush, gasoline bottomed at $.89 a gallon, late 2002-early 2003. It was under a dollar a gallon for around six months.
We tend to forget times when it is cheap.
slickwillie2001 on February 24, 2012 at 3:16 PM
It’s inflation.
Crude priced in Gold is probably low compared to crude priced in dollars.
fatlibertarianinokc on February 24, 2012 at 3:36 PM
Not to mention the billions of dollars wasted on alternative energy sources such as Solyndra, and now the Chevy Volt. Complete failure and a wasted four years that will take much longer to recover from.
lea on February 24, 2012 at 4:12 PM
I live in Colorado, and work in Wyoming where gas is cheaper. In Wyoming, it is now $2.99 to $3.03, so I’m sure Colorado has gone up too. State taxes can make a big difference in the price of gas from location to location.
lea on February 24, 2012 at 4:16 PM
Getting their gas and or transport from the teat of government no doubt.
chickasaw42 on February 24, 2012 at 4:18 PM
My last fill was $3.21 for premium in Colorado Springs last weekend.
dentarthurdent on February 24, 2012 at 4:21 PM
LOL, love ‘smugmobiles’. Stealing it!
jclittlep on February 24, 2012 at 4:58 PM
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