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In President Obama’s Saturday radio address to the country, we learn that the President has decided that we really do need to decrease our dependence on foreign oil. Thus, we will now drill for oil here.
It may seem simplistic, but wouldn’t measuring they buying power of your salary (or what’s left of it) in terms of gallons of fuel per hour make a certain amount of sense? Think about it: it will make the effects of increasing fuel prices something directly relevant to everyone except the minority of people that…
I must say I am not sure I believe the dire predictions but these days anything is possible, as long as the government continue to stick it’s regulatory nose into places it doesn’t belong. And no, my little lefties, more government regulation or even higher taxes won’t solve this problem.
Average gasoline prices have risen by 17 cents in July. And, given yesterday’s fire at a Chevron refinery in California, prices will rise even further. Most will blame “big oil” (don’t you just love it that “someone” must be blamed for everything in this country). Before you do so, read on.
With the price of gasoline rising by the day, the President has a problem. People perceive that he can, and should do something about it…now. Expect to hear the following in the coming months.
We all know that earlier this year the President killed the proposed Keystone pipeline that would bring oil from Canada to the United States. However, he seems to be on board with a portion of it…from Cushing, Oklahoma to Port Arthur, Texas.
Admittedly, I’ve given away the answer because of the image to the left of this post, but, let me explain their rationale.
Gasoline prices are now approaching $4 per gallon, and, in some states they already exceed that amount. We know about the drilling moratorium that still seems to be in place in the Gulf of Mexico, in spite of the fact that it is almost one year after the Deep Water Horizon oil spill. We know that…