Secretary Salazar: “Not even Harry Potter” has the ability to lower gas prices

posted at 2:41 pm on April 25, 2012 by Erika Johnsen

While President Obama himself has already switched gears from his deliberately misleading energy-messaging kick, moving on to the momentarily greener pastures of student loan financing, his many administrative minions are of course still busily doing his bidding in their specialized areas. Behold the brazen words of my environmental nemesis, Interior Secretary Ken Salazar, during a speech on Tuesday:

Salazar, in one of his most fiery speeches in months, accused Republicans of creating a false divide over energy policy that doesn’t reflect public sentiment and stretches the facts to suit their political agenda.

“It’s in this imagined energy world where we see this growing and continued divide in the energy debate in America. But the divide is not among ordinary Americans, it is between some people here in Washington, D.C.,” Salazar said. “It’s a divide between the real energy world that we work on every day and the imagined, fairy tale world.”

Salazar said the Republican energy agenda is “an invention of a campaign year and political rhetoric.” …

“Nobody has the ability, not even Harry Potter, to wave a magic wand and say that we’re going to have gas prices at $2.50, even $3” per gallon, he said.

Gee, Salazar, thanks for the (cough cough, campaign-fueled) attempt at making Republicans look ridiculous, but if you really want to talk about a “fairy tale” energy policy, okay, let’s talk.

I actually generally agree with Salazar about gasoline prices – Newt Gingrich’s promise to push down gas prices to $2.50/gallon or lower through his presidential actions was patently ridiculous. No president can control the global forces of supply and demand, and there are quite a few factors that determine what we pay at the pump. But the point isn’t that we can-or-cannot control prices at the pump or that we need be necessarily energy-independent; the point is that we are persistently taking ourselves out of the energy-market game via the Obama administration’s scant permitting, wanton regulation and oversight, etcetera. We’re missing out on market shares that would bring us wealth, jobs, and economic growth, which could potentially mitigate global oil prices by increasing world supply.

But, back to Republicans’ ostensible fairy tale world:

“It is a place where up is seen as down, where left is seen as right, where oil shale seems to be mistaken every day in the House of Representatives for shale oil, where record profits justify billions of dollars in subsidies and where rising oil production and our falling dependence on foreign oil somehow add up to bad news,” he said.

No. Republicans understand that there is more oil shale than shale oil, although with continuous free-market innovations and new discoveries, proven reserves are rising all the time. Oil companies have for years paid well more in taxes than they’ve made in after-tax profits, and there are hefty federal and state taxes on consumers, too. Rising oil production is due to the private sector and policies of the Bush administration, as permitting on federal lands has declined under Obama. Our dependence on foreign oil is falling, because we’re sittin’ pretty in an economic recession and hence we’re not running at our normal productivity level. In a nutshell, Mr. Salazar, yes – that is bad news.

So, shall we try to locate the real fairy tales in Salazar’s messaging? Besides pressing Congress to pass legislation to codify Interior reforms that would “make drilling safer” and implement an agreement with Mexico to oversee drilling in the Gulf (which sure sounds like still more impediments to the oil and gas industry to me), Salazar requested Congress make tax credits for renewable energy permanent and require that America’s electricity be generated from low-carbon sources, which would supposedly ‘bring billions of dollars in capital off the sidelines and into the clean energy frontier.’ Wow.

The reason the federal government feels that it has to invest our taxpayer dollars into green-energy projects, is because nobody else will. Private capital is not going to flow into wind and solar en masse, because wind and solar are not practical solutions to today’s energy problems. Maybe with further innovations and efficiency, someday they’ll have their day in the sun, but right now they are environmentalist pipe dreams. If they stood a chance in the real world, real people would invest in them. The federal government trying to force us to use them with their “all-of-the-above” approach isn’t going to work, just like requiring electricity to come from low-carbon sources isn’t going to accomplish anything except “necessarily skyrocketing” energy prices.

And Salazar has the impudence, nay, the audacity, to claim that Republicans are living in a fairy tale world?


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“Nobody has the ability, not even Harry Potter, to wave a magic wand and say that we’re going to have gas prices at $2.50, even $3” per gallon, he said.

But, Katniss could do it.

Fallon on April 25, 2012 at 2:04 PM

Don’t ask Harry Power to do a task that Voldemort is clearly better skilled for.

El_Terrible on April 25, 2012 at 2:47 PM

posted at 2:41 pm on April 25, 2012 by Erika Johnsen

Fallon on April 25, 2012 at 2:04 PM

That’s right. Magic. Not even Bishop could do that.

Salazaar wants America to fail.

Fallon on April 25, 2012 at 2:47 PM

Did anyone suggest an energy plan involving magic wands?

Akzed on April 25, 2012 at 2:47 PM

“Nobody has the ability, not even Harry Potter, to wave a magic wand and say that we’re going to have gas prices at $2.50, even $3” per gallon, he said.

Says the guy whose boss claimed that his very election resulted in the seas receeding and cleaner air. Now I ask you if Obama’s policies can make the seas receed, how hard would it be to lower gas prices? It is going to be so good to see all these bastards run out of office.

Happy Nomad on April 25, 2012 at 2:48 PM

I’m tired of being on this generator bicycle in order to keep the lights on….whew…fade to black…

PatriotRider on April 25, 2012 at 2:49 PM

Expellius Commmunista!

Gingotts on April 25, 2012 at 2:49 PM

Did anyone suggest an energy plan involving magic wands?

Akzed on April 25, 2012 at 2:47 PM

What do you think Solyndra was- PFM.

Happy Nomad on April 25, 2012 at 2:49 PM

Somewhere in Kenya, err Hawai, a village is missing it’s idiot.

acyl72 on April 25, 2012 at 2:50 PM

Bush just mentioned drilling and prices dropped.

Grunt on April 25, 2012 at 2:50 PM

Correct. Harry Potter’s powers pale in comparison to Obama’s ability to send the economy into another tailspin. I think unemployment is going back to 10% in the next few months and economic growth will stagnate or reverse. And gas prices will drop as a result!

And I will gladly credit Obama for reducing gas prices when that happens.

NotCoach on April 25, 2012 at 2:51 PM

Nobody has the ability, not even Harry Potter, to wave a magic wand and say that we’re going to have gas prices at $2.50, even $3” per gallon, he said.

Of course not. Your boss would tax it back to $4.00 +.
Need to push that Volt

Jabberwock on April 25, 2012 at 2:51 PM

Expellius Commmunista!

Gingotts on April 25, 2012 at 2:49 PM

Thread winner!

Happy Nomad on April 25, 2012 at 2:51 PM

Salazar Slytherin?

thebrokenrattle on April 25, 2012 at 2:51 PM

So according to SaladBar , Obama CANNOT bring down gas prices
butt
Bush was responsible for the high gas prices ?

burrata on April 25, 2012 at 2:51 PM

I can’t stand this jerk. But hey, why should he be any different than the rest of the dolts in this administration??

NJ Red on April 25, 2012 at 2:51 PM

Energy production? How about superman getting off his duff?

Green_Bay_Packers on April 25, 2012 at 2:52 PM

Bush just mentioned drilling and prices dropped.

Grunt on April 25, 2012 at 2:50 PM

Funny thing about that, huh.

NJ Red on April 25, 2012 at 2:53 PM

Self playing video make NotCoach angry!

NotCoach on April 25, 2012 at 2:53 PM

So according to SaladBar , Obama CANNOT bring down gas prices
butt
Bush was responsible for the high gas prices ?

burrata on April 25, 2012 at 2:51 PM

Shhhhh. You’ll expose their hypocrisy.

Bitter Clinger on April 25, 2012 at 2:54 PM

Not sure if it’s possible to lower them, per se, but this farking moron has sure been raising them through the permitoreum in the Gulf, in violation of two Fifth Circuit rulings against such an action.

teke184 on April 25, 2012 at 2:55 PM

What a muggle

cmsinaz on April 25, 2012 at 2:55 PM

He does realize that Harry Potter isn’t real, right?

Zardoz on April 25, 2012 at 2:55 PM

If you announced the approval of a raft of new large scale drilling operations in just ANWR, futures would certainly start to fall.

But that ain’t gonna happen is it, Sandalsoap.

CorporatePiggy on April 25, 2012 at 2:56 PM

Energy production? How about superman getting off his duff?

Green_Bay_Packers on April 25, 2012 at 2:52 PM

He’s got more important things to do. Like slow-jamming on Jimmy Fallon.

Bitter Clinger on April 25, 2012 at 2:56 PM

I am sorry but this is stupid. Bush lowered gas prices by reducing the number for formulations to 8, thus freeing up the delivery system. Obama increased the number to 34 which has bogged the system and increased prices. That plus reducing regulation, opening up our exploring and drilling would shoot the over inflated market in the head, dropping the price of gas at once even for a psychological effect. Further, the Marxist could go on TV tomorrow to say the pipeline is going to be built and he is personally going to slash the EPA so that another spotted owl/Lumber fiasco does not happen with Gas. That along with reducing regulations on businesses, etc. I could go on all day, but you get the drift. None of this he will do any more than Holder will drop the new lawsuit over firefighters.

Bulletchaser on April 25, 2012 at 2:57 PM

I actually generally agree with Salazar about gasoline prices – Newt Gingrich’s promise to push down gas prices to $2.50/gallon or lower through his presidential actions was patently ridiculous. No president can control the global forces of supply and demand, and there are quite a few factors that determine what we pay at the pump.

That’s simply not true. The POTUS via his policies has tremendous ability to affect supply. Just look at the current market response to Obama’s hostility to oil.

If he threw open all US land and seas to exploration the price would immediately drop.

Charlemagne on April 25, 2012 at 2:57 PM

This is so strange because back in 2007 and 2008, it was widely known that George Bush had the ability to set gas prices.

stenwin77 on April 25, 2012 at 2:58 PM

So according to SaladBar , Obama CANNOT bring down gas prices
butt
Bush was responsible for the high gas prices ?

burrata on April 25, 2012 at 2:51 PM

Yup. Kinda like that guy at NYT. EO’s by Bush – bad
EO’s by Obama – Good.

Consistant in their hypocracy.

Jabberwock on April 25, 2012 at 2:58 PM

While it is true that a President can’t *directly* raise or lower gas prices, a President *can* set conditions under which prices are more likely to go in one direction or the other.

One example is current EPA regulations that are going to result in the closing of 50% of the refining capacity on the US East coast over the next few years. While we will be awash in crude, we won’t be able to refine it in the US. It will still get refined, the refineries will just get built in Mexico or Canada, we will ship the crude there, ship the gasoline and diesel back, the price will be higher, and there won’t be any net change in global pollutants.

crosspatch on April 25, 2012 at 2:59 PM

If he threw open all US land and seas to exploration the price would immediately drop.

Charlemagne on April 25, 2012 at 2:57 PM

but then….how will energy prices necessarily skyrocket ?

burrata on April 25, 2012 at 2:59 PM

He’s right–the president can’t bring down gas prices. What the president *can* do, however, is promote policies which will allow people to *afford* gas. In other words, create policy that encourages job growth. If everyone has a job that wants one, then gas prices become moot.

Unfortunately, with the exception of the small business investment law that just got passed, Obama’s record is pretty much devoid of any action which would encourage job growth.

Mohonri on April 25, 2012 at 3:00 PM

I think his magic cowboy hat, is too tight.

stormridercx4 on April 25, 2012 at 3:00 PM

Interior Secretary Ken Salazar

But I thought Salazar Slitherin died ages ago. Perahps Ken Salazar is the TRUE ere of Slitherin.

DethMetalCookieMonst on April 25, 2012 at 3:02 PM

If Harry Potter was a free market capitalist that wasn’t affraid of domestic energy production he could.

Oil Can on April 25, 2012 at 3:02 PM

If a President can cause a hurricane, he can damn well lower gas prices.

OhEssYouCowboys on April 25, 2012 at 3:03 PM

Salazar Slytherin

ha

joey24007 on April 25, 2012 at 3:03 PM

Hey, when you can heal the plant and slow the rise of the oceans, controlling gas prices sure ain’t no big whoop…

Dopenstrange on April 25, 2012 at 3:03 PM

Speaking of magick, when Salazar restated the administration’s demand for “carbon-neutral” energy sources, I wish somebody would have asked him if that meant they were now in favor of doing more about nuclear and hydroelectric power than just “look(ing) at it”, as The Messiah said three and a half years ago.

No, on second thought, never mind. His head would probably have exploded, and that would have made a mess.

Still, I honestly believe that if that question gets asked a few times in these dog-and-pony shows, sooner or later some administration mouthpiece, like Salazar, Chu, or Debbie Wassamattawityu Schultz, will probably have a meltdown. As in breaking out in a full-on, shrieking, foaming-at-the-mouth Neo-Luddite rant about “evil people who want to destroy our goddess Holy Mother Gaia!!

That would at least be honesty on their part. And would give the people who think that the present Powers That Be aren’t all that bad a good, hard look at what really motivates them.

I.e. a combination of anti-technology dogma, leftist zealotry, and sheer hatred of Western civilization in general.

clear ether

eon

eon on April 25, 2012 at 3:03 PM

Superficially, on the surface of it, at a quick glance, you could make a plausible argument that the Prez has nothing to do with gas prices. It’s a bit of stretch, though. Clearly, if you drill and go all out to encourage gas and energy production, and do whatever you can beyond that to get prices down, prices are likely to get down!

Amazing, though, when several key administration figures, including the big honcho, have explicitly said their goal is to jack up, steeply, gas or energy prices, it almost goes without saying that their actions are going to raise prices, not lower them.

anotherJoe on April 25, 2012 at 3:04 PM

Soon this corrupt socialist will be out of a job a new secretary will undo the horrific damage this traitor has done.

darwin on April 25, 2012 at 3:05 PM

The gas is too damned high!

CorporatePiggy on April 25, 2012 at 3:07 PM

angryed to tell us how much money there is to be made in oil speculation and how we are all stupid for not making money like he is in 3…2…1

H.E. Pennypacker on April 25, 2012 at 3:11 PM

What would lower gas prices right now is more refining capacity.

crosspatch on April 25, 2012 at 3:12 PM

Permatorium, enhanced boutique blends, increasing ethanol content, taking more federal lands off production, coddling the middle east, holding back Keystone are all things this particular president is doing with all of his gusto.

I don’t know who Erika Johnson is but she doesn’t seem too aware of some glaring facts that undermine her argument about the causes gas price fluctuations. Bush declaring the outer shelf open knocked the wind out of the high futures gambit in a few days didn’t it? Obama has reinforced it x 5 with his meddling and viola, even in weak demand we are here.

DanMan on April 25, 2012 at 3:12 PM

He does realize that Harry Potter isn’t real, right?

Zardoz on April 25, 2012 at 2:55 PM

He is not speaking to us, he is speaking to Peggy

burrata on April 25, 2012 at 3:13 PM

But they keep saying there is a “global clean energy race” or something. Don’t we like to win races, or do we like waving white flags instead?

/sarc

shanimal on April 25, 2012 at 3:15 PM

angryed to tell us how much money there is to be made in oil speculation and how we are all stupid for not making money like he is in 3…2…1

H.E. Pennypacker on April 25, 2012 at 3:11 PM

Nah, he’s probably schussing down the fairway slalom with his golf bats strapped to his back right now.

Trafalgar on April 25, 2012 at 3:16 PM

Salazar Slytherin?

thebrokenrattle on April 25, 2012 at 2:51 PM

But I thought Salazar Slytherin died ages ago. Perahps Ken Salazar is the TRUE heir of Slytherin.

DethMetalCookieMonst on April 25, 2012 at 3:02 PM

Thread winners.

Archivarix on April 25, 2012 at 3:16 PM

Who knew that George Bush was Harry Potter?

Price for a gallon of regular.

July 2008. $4.10 gas. Bush lifts drilling ban.

August 2008. $3.74

September 2008. $3.65

October 2008. $2.66

November 2008: $2.07

December 2008: $1.66

January 2009: $1.84

February 2009: $1.96

March 2009: $1.91

April 2009: $2.06

May 2009: $2.44

June 2009: $2.67

July 2009: $2.61

August 2009: $2.64

September 2009: $2.59

October 2009: $2.49

November 2009: $2.67

December 2009: $2.60

January 2010: $2.67

February 2010: $2.65

March 2010: $2.75

April 2010: $2.86

Drilling ban goes into effect

May 2010: $2.79

June 2010: $2.70

July 2010: $2.75

August 2010: $2.75

September 2010: $2.72

October 2010: $2.82

November 2010: $2.87

December 2010: $3.05

January 2011: $3.08

February 2011: $3.48

March 2011: $3.57

April 2011: $3.88

May 2011: $3.91

June 2011: $3.65

July 2011: $3.70

August 2011: $3.60

September 2011: $3.66

October 2011: $3.46

November 2011: $3.37

December 2011: $3.23

January 2012: $3.44

February 2012: $3.72

March 2012: $3.93

Source: Consumer Reports

Resist We Much on April 25, 2012 at 3:17 PM

Sorry for the OT

From the Arzona Republic re: SB1070 SCOTUS Oral Argument today

Verilli then tried a different argument, saying the detainment of so many additional people will be of concern to foreign governments whose people are held.

Scalia countered: “We have to enforce our laws in a manner that will please Mexico?”

Read more: http://www.azcentral.com/news/politics/articles/2012/04/20/20120420supreme-court-hears-arizona-immigration-law.html#ixzz1t56YceQi

Beautiful Anton…brilliant.

DrW on April 25, 2012 at 3:20 PM

Well, at least the fictional red herring you’re boxing (still above your weight class, sport) hasn’t expressed a desire for energy prices to necessarily soar.

MNHawk on April 25, 2012 at 3:21 PM

If The One can stop the ocean’s from rising then certainly he can do the same with gas prices.

tommer74 on April 25, 2012 at 3:22 PM

Source: Consumer Reports

Resist We Much on April 25, 2012 at 3:17 PM

Consumer Reports is racist
and
Obama will give me free unlimited contraceptives for life
and
Romney drove with a dog on the roof of his car
and
Bush and Cheney and Halliburton …
:D

burrata on April 25, 2012 at 3:22 PM

What would lower gas prices right now is more refining capacity.

Refining and distribution account for about 1/4 (say $1.10) of the price of gasoline. $2.50 out of the $4.00/gal is the direct cost of oil on todays market.

Both refining and distribution costs go down with elimination of the boutiques and ethanol at todays refining capacity, which would also be enhanced btw.

Flooding it with cheap oil would reset the market lower.

DanMan on April 25, 2012 at 3:23 PM

that should be “oceans”

tommer74 on April 25, 2012 at 3:24 PM

Ah, but the consumers have that power. Gas is down by over 30 cents here in the last couple of weeks — because people have been buying less.

The real issue, however, is that governments continue to pursue a wqide array of interlocked policies that force the price of gas up.

J.E. Dyer on April 25, 2012 at 3:26 PM

Only Bush can lower gas prices.

lilium479 on April 25, 2012 at 3:29 PM

“Nobody has the ability, not even Harry Potter, to wave a magic wand and say that we’re going to have gas prices at $2.50, even $3” per gallon, he said.

That is practically a textbook example of straw man argument. The Obama regime is beginning to specialize in straw man arguments.

No one came anywhere close to saying it is possible “wave a magic wand” or do anything that will quickly bring prices down quickly or significantly.

What people have said is that the Obama regime is not doing many things that can be done to hold the line on prices now and potentially reduce prices in the future. What people have said is:

- Increasing and maximizing domestic production has the potential to reduce gas prices in the future, making them lower than they would have been;
- Increasing and maximizing domestic exploration has the potential to significantly increase known reserves which in turn will help keep gas prices down;
- Increasing and maximizing domestic production will reduce our dependence on imported oil
- Increasing and maximizing domestic production will reduce the transfer of US wealth to regimes wholly or in part hostile to the US

The Obama regime opposes all of this and offers little or nothing as an alternative. The Obama regime wants high gas prices to reduce demand and make the price of “alternatives” more attractive — except there are no viable alternatives and will be none for at least a couple of generations.

The Obama regime refuses to do what can be done to hold the line on oil prices. Meanwhile, the Obama regime wants to lecture the electorate about how we consume more than our “fair share” of the world’s oil — while ignoring that the US economy drives the world economy and is (or at least was) the most productive and efficient economy in the world.

The Obama regime is trying to avoid being blamed in any way, shape, or form for even a dimes’ worth of higher gas prices while do nothing that could reduce prices by even a nickel, much less prevent them from going up further.

farsighted on April 25, 2012 at 3:29 PM

Kenny, for immediate relief we can start tomorrow by eliminating the $.184/gal. federal tax on gasoline and the $.244/gal. federal tax on diesel. Now what’s your excuse?

diogenes on April 25, 2012 at 3:30 PM

This is so strange because back in 2007 and 2008, it was widely known that George Bush had the ability to set gas prices.

stenwin77 on April 25, 2012 at 2:58 PM

Especially after July 2008, when George W. Bush lifted the executive ban on drilling in the Gulf, and crude oil prices plunged by over 60% in six months.

Oil-futures traders are like Harry Potter’s broom, amplifying market trends based on anticipated supply and demand. But you need a wise “magician” to drive them in the right direction.

Steve Z on April 25, 2012 at 3:31 PM

Did anyone suggest an energy plan involving magic wands?
Akzed on April 25, 2012 at 2:47 PM

No but this toad has been pimping these “lower gas prices are a fairytale” nonsense since he was appointed.

jawkneemusic on April 25, 2012 at 3:31 PM

Obama will give me free unlimited contraceptives for life

burrata on April 25, 2012 at 3:22 PM

Picture of the Day: Success Is In The Eye Of The Beholder

:-)

Resist We Much on April 25, 2012 at 3:33 PM

What no one is mentioning, is the elephant in the room.

Most of the price of gas, is due to the value of the dollar falling.

Which is what happens when you print money like the Weimar Republic.

Rebar on April 25, 2012 at 3:34 PM

Ken Salazar = 15 gallons of poo in a 10 gallon hat.

H.E. Pennypacker on April 25, 2012 at 3:35 PM

Where is his cowboy hat?

bernverdnardo1 on April 25, 2012 at 3:35 PM

The real issue, however, is that governments continue to pursue a wide array of interlocked policies that force the price of gas up.

J.E. Dyer on April 25, 2012 at 3:26 PM

this

farsighted on April 25, 2012 at 3:29 PM

and this!

need proof? see

Resist We Much on April 25, 2012 at 3:17 PM

love these threads folks, so much information here

DanMan on April 25, 2012 at 3:39 PM

Salazar said the Republican energy agenda is “an invention of a campaign year and political rhetoric.” …
“Nobody has the ability, not even Harry Potter, to wave a magic wand and say that we’re going to have gas prices at $2.50, even $3” per gallon, he said.

Stephen Chu is no Harry Potter–more like Don Quixote, a sunshine knight playing with windmills. Get back on your high horse!

Meanwhile, the Eeeeeevil BushCheneyHalliburton Administration could get oil prices down. They used to be in the oil business, remember?

These days, that doesn’t sound that bad…

Steve Z on April 25, 2012 at 3:39 PM

Guess that’s the end of “Hope”, huh? And is he telling us that no one can “Change” it?

Oh, well… it was good while it lasted.

FruitedPlain on April 25, 2012 at 3:40 PM

Expellius Commmunista!

Gingotts on April 25, 2012 at 2:49 PM

Golf Clap, sir. Well Done.

search4truth on April 25, 2012 at 3:42 PM

“It’s in this imagined energy world where we see this growing and continued divide in the energy debate in America.”

If it was imaginary I would be able to wish for $2/gal gas and it would magically happen.

Tried it. Didn’t work.

Guess it’s real.

Someone tell Salaczar.

fogw on April 25, 2012 at 3:42 PM

This man needs to wear a clown suit…not a cowboy hat!
I’m surprised Congress has not had hearings on the sanity of this goofball.

KOOLAID2 on April 25, 2012 at 3:43 PM

Did he forget Kennedy’s claim that it costs only $11 to extract a barrel of oil?

EvilCapitalist on April 25, 2012 at 3:44 PM

Yeah, Kenny ….

But Hermione probably could.

LegendHasIt on April 25, 2012 at 3:49 PM

Expecto Petroleum!!

A440Hz on April 25, 2012 at 3:49 PM

When you consider that a significant portion of gas prices is taxes, then yes, obviously the government can lower the price at the pump. Additionally, I don’t recall this speech being made when Democrats made the same exact argument against Bush when he was president.

Esthier on April 25, 2012 at 3:50 PM

I actually generally agree with Salazar about gasoline prices – Newt Gingrich’s promise to push down gas prices to $2.50/gallon or lower through his presidential actions was patently ridiculous.

It’s ridiculous to call this ridiculous.

Gingrich stuck his neck out and simply chose a target, like private companies do every day. The president absolutely can affect gasoline prices to the upside as little Bammie is doing, or down as President George W. Bush did.

You can’t b and moan about speculators as little Bammie and many others are doing, and then not acknowledge that if a president introduces a certainty that in the near future, supplies of crude oil will be greatly increased, -prices will fall.

As well as increasing supplies, easier pipeline permitting, getting the EPA to back off their war on refineries, and a temporary set-aside of the Commerce Act of 1920 would put further pressure on prices.

slickwillie2001 on April 25, 2012 at 3:50 PM

Wow – so Bush is more powerful than Harry Potter!!!!
He didn’t even use a wand – he just muttered a few magic words – something like “oilus drillus” – and presto – the gas prices dropped. I guess I didn’t realize just how incredibly magical Bush was….

dentarthurdent on April 25, 2012 at 3:52 PM

Which is what happens when you print money like the Weimar Republic.

Rebar on April 25, 2012 at 3:34 PM

Ahhh yes – the Dems must be dreaming of a return to those wonderful carefree days when people would take a wheelbarrow full of cash down to the market just to get a loaf of stale bread….

dentarthurdent on April 25, 2012 at 3:57 PM

Nobody has the ability, not even Harry Potter, to wave a magic wand..

So now they’re regulating magic wands???

Was this part of the package that says farm kids shouldn’t be allowed to do chores on the farm?

taznar on April 25, 2012 at 4:00 PM

It is a fact that if crude oil is purchased overseas, transportation costs from port of lading to destination.

It is a fact that refineries purchase crude oil not just “from the international market” but also on long term contracts from suppliers, at a discount. That being said, those long term contracts are tied to traded market rates.

Kermit on April 25, 2012 at 4:11 PM

What no one is mentioning, is the elephant in the room.

Most of the price of gas, is due to the value of the dollar falling.

Which is what happens when you print money like the Weimar Republic.

Rebar on April 25, 2012 at 3:34 PM

So true, Rebar.

I would argue with Salazar that it is far more “fairy tale land” to believe that solar and wind and algae and unicorn farts are ready enough for prime time to replace oil/gas as our prime energy sources than it is to believe that government policies have an effect on gas prices.

gravityman on April 25, 2012 at 4:12 PM

taznar on April 25, 2012 at 4:00 PM

Maybe “magic wand” is their new code word for guns – getting ready to eliminate the 2nd Amendment…..

dentarthurdent on April 25, 2012 at 4:12 PM

I don’t suppose that a long term contract price for $68 per barrel Canadian Crude plus delivery costs to Gulf Coast refiners already capable of processing very heavy (<20 API Gravity) crude is cheaper than purchasing Venezuelan crude at $100+ per bbl plus tanker cost.

Kermit on April 25, 2012 at 4:14 PM

What no one is mentioning is the cost of diesel (which is used to transport most goods to market) which increase substantially due processing costs for ultra low sulfur mandates by EPA.

Kermit on April 25, 2012 at 4:16 PM

January 2009: $1.84

Resist We Much on April 25, 2012 at 3:17 PM

The month 0bama was sworn in. The rest is history.

CurtZHP on April 25, 2012 at 4:21 PM

“When Bush took office, gas was $1.46/gal.”

Never forget. You can still see the bumper stickers on some Demo-gogue cars.

The Schaef on April 25, 2012 at 4:23 PM

Salazar has always been clueless.

But he is a liberal…and that’s what counts in the Obama administration.

BigSven on April 25, 2012 at 4:30 PM

So according to SaladBar, Obama CANNOT bring down gas prices
butt
Bush was responsible for the high gas prices?

burrata on April 25, 2012 at 2:51 PM

..shriekingly good, this!

The War Planner on April 25, 2012 at 4:32 PM

Harry Potter is a fictional character – not unlike Barry Soetoro.

BHO Jonestown on April 25, 2012 at 4:35 PM

Salazar requested Congress make tax credits for renewable energy permanent and require that America’s electricity be generated from low-carbon sources, which would supposedly ‘bring billions of dollars in capital off the sidelines and into the clean energy frontier.’ Wow.

yeah…what sidelined money could they be talking about here….um…how about the $14T in cash sitting in private retirement accounts? Make energy so expensive that folks have to dip into their retirement accounts to eat, incurring taxes and early withdrawal penalties (all payable to the IRS). If that doesn’t work, well, hell…we’ll just take the cash and replace it with US Treasury bonds.

Why? Cuz the gubbamint can spend your money better than you can.

BobMbx on April 25, 2012 at 4:38 PM

Depending on the situation, the Democrats alternately paint Republicans as incompetent imbiciles or evil geniuses, sometimes both in the same conversation, and the lapdog media pretends it didn’t happen. They won’t point our when a Democrat contradicts himself, but they will demand that a Republican instantly take a position to support or disavow things said by any other Republican in the country!

drunyan8315 on April 25, 2012 at 4:43 PM

I actually generally agree with Salazar about gasoline prices – Newt Gingrich’s promise to push down gas prices to $2.50/gallon or lower through his presidential actions was patently ridiculous. No president can control the global forces of supply and demand,

You are naive. High prices for gas and so many other commodities is the result of inflation – not supply and demand. The government for the last nine years has spent too much money and we have to be taxed to cover it all. Inflation is the tax they have opted for, since most people, like yourself, will believe that there really is a problem with oil, rather than consider their government is screwing them with a hidden tax. Look at the laundry list of spending between Bush and Obama. Where do you think the money is coming from for all of it? You can’t simply borrow indefinitely to pay for increased expenditures, particular permanent ones, like the prescription drug benefit.

rickv404 on April 25, 2012 at 4:43 PM

Ah, but the consumers have that power. Gas is down by over 30 cents here in the last couple of weeks — because people have been buying less.

J.E. Dyer on April 25, 2012 at 3:26 PM

True, but that’s not really a “sustainable” option.

Big Oil profits= 7 cents/gallon
Big Govt taxes= 48 cents/gallon
Whose the thief?

txhsmom on April 25, 2012 at 4:46 PM

For 40 Years these worthless, lying Pieces OS, have told us that we can’t drill, we can’t do pipelines, etc. because it takes 10 years for anything to work. Now after 3 years o-bow-mao says he is responsible for “increased” oil production.

Lewfarge on April 25, 2012 at 5:13 PM

Resist We Much on April 25, 2012 at 3:17 PM

There you go again, trying to bring facts into it. Well, the liberals see right through your sorcery and will not allow facts to confuse them.

ghostwalker1 on April 25, 2012 at 5:28 PM

Well Salazar, you have a chance to prove it…pass some of the Republican ideas, and see what happens. If it continues to go up, you were right, and we stop the policies…but if the price drops, you were wrong and we continue our policies and dump you and yours…see how easy it is?
Within six months we would know the effects…is six months of trial worth the huge possibility of returns? Of course it is, that’s why you won’t do it.

right2bright on April 25, 2012 at 5:28 PM

The reason the federal government feels that it has to invest our taxpayer dollars into green-energy projects, is because nobody else will.

…and so the federal government will step up and waste money on things that no sane investor would touch!!!

- Like windmills like the ones which were abandoned 100 years ago because they were unreliable and required lots of maintenance.

- And like solar panels, which can only generate flea power in the morning of sunny days if there are no clouds.

Yes, the feds are so much smarter than the rest of us! Look at all the successful businesses they have started!!! And the huge profits and gigantic return on investment they reaped!!! Oh, wait…

landlines on April 25, 2012 at 5:28 PM

Not Harry Potter…not even a Brokeback Mountain cowboy like Ken Salazar.

jan3 on April 25, 2012 at 5:37 PM

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