The $10.00 Gas Conspiracy

The $10.00 Gas Conspiracy

I’ll bet you thought that getting more oil out of the ground and from under the seas would mean, well, we’d have more oil, more oil on the market, and more translates into a greater supply to meet demand which would mean lower gasoline prices. If you thought that, you’re wrong, gas breath!

Or so says Michael Bromwich, the chief regulator for US offshore drilling, who believes his agency’s snail’s pace of reviewing oil and gas exploration plans has nothing to do with high prices at the pump.

Bromwich elaborated for the dense among us: “Even if we permitted the hell out of everything tomorrow–every pending permit, some permits that haven’t even been filed yet–it would not have a material effect on gas prices. That’s the simple, clear reality:” http://bit.ly/h4jO6e

Interior Secretary Ken Salazar said much the same thing last month. When asked about drilling in the Alaskan National Wildlife Reserve, he replied, “We don’t believe that you need to drill everywhere.” Instead, in Obamaspeak, we drill nowhere since the amount of oil we have has no bearing on the quantity of oil we have. Got that?

Actually, the simple, clear reality is that the Obama administration since even before there was an Obama administration has wanted high energy prices to effect his brave, new green world. In January 2008, candidate Obama said that, “Electricity rates would necessarily skyrocket” and his future Secretary of Energy, Steven Chu, said, “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.”

We’re getting there, fast. . .
(Read more at http://www.genelalor.com/blog1/?p=4238)