Gas Prices Under Obama

Posted on Feb 27 2011 - 1:00am by Harrison

Thanks to the events in the Middle East, the Democratic party’s refusal to allow new refineries to be built, and the illegal Gulf of Mexico offshore drilling moratorium, we can thank President Obama and his party for the higher gas prices Americans will now all be enjoying.

Capitol Commentary thought we’d provide a handy guide to gas prices set to photos.

But before we dive into this guide, let’s see what one Lefty wrote about gas prices under George W. Bush:

Another possible reason [why Bush added to the Strategic Oil Reserve]  is this: The only way to get oil companies willing to make investments in drilling new sources of oil is to keep oil prices high. The nice thing about this methodology is that criticism can be so easily deflected as a White House spokesman did in a recent interview, by claiming the “purchases were for national security reasons.”

Whatever the motivation, this much is clear: American citizens had to pay and are still paying a hefty price for gasoline and home heating oil. In the end, regardless of the lip service Mr. Bush may offer to the American people on how he is benefiting all citizens, the facts show he benefits those corporations who made large contributions to his campaigns.

Check out the handy Obama Gas Watch widget to the right of this story to see how Obama is doing!


7 Comments so far. Feel free to join this conversation.

  1. Forgotten Liberty February 27, 2011 at 4:57 AM -

    Every time we have a spike in gas prices, people start demanding that we drill for more oil here in our own country. The Democrats and environmetalist inevitably come out and say, “No, we shouldn’t drill more because it will take about 10 years before any oil from new drilling will make it’s way to the gas pump.” Well guess what? If we had started drilling the first time Dems made this argument, we would have plenty of oil. Even if we had started drilling the last time gas prices spiked so high we would be about half way there. And the 10 year figure is off base anyway. It would take about 3 to 8 years depending on how deep the oil is and what time of material has to be drilled through… and how long it takes to get a permit to drill from the Obama administration!
    Forgotten Liberty recently posted..Poll on the Wisconsin Union Debate- Dems Don’t Look so Good

  2. Steve Dennis February 27, 2011 at 10:21 AM -

    Funny how the media has been silent on this issue, isn’t it? We had daily updates on the price of gas when Bush was president but now the media is completely ignoring this story. There is no doubt that part of the reason for the riding prices is Barack Obama’s policies and we can rest assured that if her were a Republican the media would remind us every day.
    I also agree with Forgotten Liberty, it may take years for the oil refineries to come on line but the longer we delay the longer it will be, it is time to end this madness.
    Steve Dennis recently posted..Darrell Issa subpoenas two DHS employees

    • Harrison February 27, 2011 at 11:06 AM -

      This is perhaps going to end up being one of the biggest unreported stories of the Obama administration. That and GITMO “closing.”

  3. sharon smith February 27, 2011 at 10:42 AM -

    Locally, here in New Mexico people have invested in sizable tracts of land. What makes this land so valuable up in the four corners? The land is by no means waterfront or wooded property. Oil shale. Unfortunately, the people who have been banking on this backyard resource have been forbidden to mine the oil.

    • Harrison February 27, 2011 at 11:08 AM -

      Oil shale, presently, is not financially worth it to develop but, in the future, it probably will be. Canada is sitting on massive oil shale reserves but it’s too expensive to extract the oil. Hopefully, by the time it is worth it to develop them, the laws will change for those people in New Mexico.

      • sharon smith February 28, 2011 at 10:25 AM -

        You’re right oil shale is very costly to process. Most people with this resource were hoping their land would lead to financial opportunities for college and retirement.

  4. jd February 27, 2011 at 12:39 PM -

    this is all bush’s fault. only a racist would disagree.