Green Room

Obama’s Gas Price Boogie

posted at 8:15 am on May 13, 2011 by

The President has been doing a desperate dance trying to avoid blame for high gas prices. Maybe you’ve forgotten some of the steps, but looking back it seems the administration had a new plan to deflect criticism nearly every week.

It started back in late March when the President “seeking to show he understands the burden of rising gas prices” announced a new plan for energy independence by 2025.

A week later the administration was talking about the possibility of releasing oil from the strategic reserve. That trial balloon lasted a few days and then everyone agreed it had been a bad idea in the first place.

A couple weeks later (mid-April) the President announced a new group that would monitor and investigate gas prices. This is despite the fact that the President himself has said numerous times that there’s little the government can do to lower prices. It’s hard to avoid the sense that this investigatory group was created for political, not financial, reasons.

A week after that (late April) the President was attacking oil company profits. This doesn’t change prices but it does give the public someone else to blame. Coincidentally, this came just as major news organizations were noting that high gas prices were a threat to the President’s chances of reelection.

Now this week we have hearing in Congress in which oil company executives are being asked to explain their profits. Charles Krauthammer pointed out what a farce the hearings are on last night’s Special Report:

So what’s it going to be next week? I think the President’s staff has a long summer ahead.

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A week after that (late April) the President was attacking oil company profits.

Sorry, went through the “blame oil company profits” phase during the 1970s. Wasn’t true then, isn’t true now.

And speculators are merely symptoms of the disease. The disease is the lack of domestic production. And solar panels & wind farms aren’t the cure.

rbj on May 13, 2011 at 9:40 AM

Our citizenship conflicted president moves in strange ways.

Drill here, drill not, not in Brazil.

tarpon on May 13, 2011 at 9:59 AM

Why is it that oil company executives aren’t summoned to testify in Washington in the 22 quarters that they make subpar profits — but whenever their patient efforts pay off, they’re grilled by politicians on national TV?

cthulhu on May 13, 2011 at 2:22 PM