Good News! Obama To Authorize Tons Of Drilling Permits To Lower Gas Prices

Just kidding. President Check Your Tire Pressure and get a tune up (FYI, most cars today do not get “tune ups”, but engine cleanings) has a different notion

President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices.

“The truth is, there’s no silver bullet that can bring down gas prices right away,” Obama said in prepared remarks for his opening statement at a townhall-style meeting in Nevada.

“The Attorney General’s putting together a team whose job it will be to root out any cases of fraud or manipulation in the oil markets that might affect gas prices – and that includes the role of traders and speculators. We are going to make sure that no one is taking advantage of the American people for their own short-term gain,” Obama said.

I’m sure you’ll thank him while you are paying $5 or more for a gallon of gas, watching the prices at the supermarket skyrocket, and seeing the economy take another big downturn.

But, Obama, being the good little Progressive he is, has to have Someone Else to blame. Because the buck no longer stops at the President’s desk, but, someone who might possibly kinda maybe have possibly done something mean, despite no evidence existing to substantiate this probe.

And don’t forget, he blames you for high gas prices for not buying a hybrid. And there is a silver bullet, one which Obama has refused to shoot, when he put a moratorium on Gulf oil production

But a further and more consequential result, according to the U.S. Energy Information Administration, is that American offshore oil production as a whole is down 13 percent. The Wall Street Journal reports that, thanks to Obama’s ban on deep-water drilling and his administration’s subsequent slow-walking of permit applications, we are losing out on 375,000 barrels of oil per day. That’s just over 2 percent of American consumption that simply vanished — an amount that is more than enough to affect prices at the pump — and about one-third of the daily production losses because of Libya’s ongoing civil war.

Of course, “going green” and driving a hybrid doesn’t apply to Obama’s own limo and fleet.

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