Hate High Gas Prices? Thank Obama

gas pricesPresident Obama has a Presidential Approval Index rating of -16 points. That means that while 25 percent of voters strongly approve of the job he’s doing, a whopping 41 percent strongly disapprove. A second term is beginning to look like a pipe dream for the current president -- especially if gas costs $5 or more per gallon next November.

Sixty-five percent of Americans are not fans of the way Obama is handling gas prices. That’s what we call a landslide, people. Why shouldn’t America be upset? It’s the Obama administration’s policies that have contributed to skyrocketing gasoline costs.

Obama has effectively shut down oil drilling in the Gulf of Mexico following the BP Deepwater Horizon leak in 2010. By the way, that leak wasn’t caused by lack of government regulation, but by lack of compliance and lack of oversight. In other words, BP didn’t follow the rules, and the government didn’t make them.

Lack of drilling in the gulf has decreased our supply of oil, and has put thousands of people out of work. Seahawk Drilling alone had to lay off over 600 workers while declaring bankruptcy last year due to Obama’s restrictions on drilling. Less oil production, less gasoline, higher prices at the pump. 

Speaking of production, Obama’s blatant refusal to approve the Keystone Pipeline will invariably lead to an increase in fuel costs. This is the pipeline that would transfer crude oil from Canada to refineries in Texas to be processed into usable petroleum. The pipeline that would create countless jobs, and create fuel that would then bring down the cost to consumers due to the laws of supply and demand. 

Instead, Obama has said no to Keystone, which means that Canada will now sell its crude oil to China. It not only is going to cause more pollution in transportation of the oil, because (duh) China is farther away from the Great White North than Texas, but also because China doesn’t have as clean of a refinery process as we do here in the states. Officials have stated that denying the Keystone Pipeline will result in greater pollution to the planet than approving it.

Do I even need to mention ANWR

Liberal policies of restricting our access to oil to make our machines run is just plain silly. Sure, it would be nice to live in a world where everything ran on sunshine and sprinkles, but we’re not there yet. Right now we live in a world where fossil fuels run our economy, and if the government gives a grant to a green energy company with taxpayer dollars, that company bends the rules, goes bankrupt, and then throws their product in the trash

We need the oil. We need it here, and we need it now. As long as Obama continues to restrict that, and the Republican candidate promises to deliver it, we’re going to have a new president in 2013.

This post is part of a weekly conversation with our 5 Moms Matter 2012 political bloggers. To see the original question and what the other bloggers have to say, read Who's Responsible for Our High Gas Prices?

Image via Frederick Md Publicity/Flickr

2012 election, barack obama, economy


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Procr... Procrastamom

Happy Monday, Jenny! I sure hope someone hugs you soon.

Obama/Biden 2012

Melis... Melissa042807

Oy vey, the old gas prices runaround again...let's make this a drinking game today ladies - for every article that pops up about gas prices on The Stir, we do a shot of espresso! :-D

Procr... Procrastamom

@Melissa - bottoms up! Just getting up and it's time for my cuppa Joe. And Jenny JUST wrote this same article on February 20th. There are links to it at the bottom of Lindsay's post and I thought it was this one. Talk about repetitive!


*hugs to you Jenny* LOTS OF HUGS.

nonmember avatar Lexasmom

Oh boy... Someone needs to do a little research on how gasoline is priced. The President does not control gas prices and increased oil production in America will not drop gas prices. Gas is priced according to strife in the Middle East, demand, and consumption. http://www.eia.gov/energy_in_brief/world_oil_market.cfm Ever heard of this little thing called OPEC??? Uggghhh. This same argument has been used in previous Presidential elections. Secondly, even if we begin drilling today that will not drop gas prices tomorrow. Do you have any clue of the process from drilling to the pump? It is not a 10 minute process. Where we need to focus is on reducing our dependence on oil and concentrate on alternative sources of energy. Grow up and stop playing the blame game and come up with some viable solutions.

howcrazy howcrazy

If only your political views were educated, then I might not think your writing is a waste of time.

Jasmine Laurèn Hughey

The gas station in my town gave away FREE gas last week.  Filled the whole tank up!  Actually, it was a Shell gas station just like the one in your picture!  Now who might I thank for that?  You, Jenny?

jkp-buff jkp-buff

The prices are artificially inflated. It's not priced on supply/demand anymore. Supply is keeping pace with demand. Some of our highest prices have come at the same time as some of our highest oil reserves. This isn't about drilling for more oil.

Remember how all the investments in mortgage backed securities created a housing bubble? When those same investors saw that the housing bubble was about to burst, they moved their money to oil futures. The more $ invested in oil futures, the more it artificially increases "demand" and drives up the price. The problem is that no one was forced to buy an overpriced house, but now everyone is forced to buy overpriced gas and the price for everything goes up as businesses need to recover those higher gas prices. This could easily be fixed if the government better regulated investments in commodities. It used to be better regulated, only a certain % of the market available to investors, but lobbyists got the government to loosen those regulations so they could pour more money in. This is definitely within the president's and congress' control.

Griftopia by Matt Taibbi is a good book that explains this well. Or read through this shorter article: http://money.howstuffworks.com/oil-speculation-raise-gas-price.htm

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