Though the world market, and factors such as unrest in the Middle East, can affect oil prices, There are things we can to do influence prices. However, Obama's clan is not interested in such.
According to Yahoo News: "President Barack Obama's Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.
Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy."
The thing is, as we are being told that the high gas prices are due to Iran's madness, other sources have provided oil to make up for the shortfall. What this means is that the high prices are due to speculation.
There are folks that argue that drilling for oil domestically will do nothing for prices, and it would take years for the work to come to fruition, considering the time it will take to build pipelines, and refineries. But would not the response be immediate because of the speculators taking into account the coming increase of supply? Remember the ol' Supply and Demand thing?
During Reagan's Presidency, the mere threat of local drilling drove down prices.
Obama has no concern over the price of gasoline, and will do nothing about it, because he wants prices to rise. He wants us out of our cars. He sees it as an excuse to make a further drive for green energy.
-- Political Pistachio Conservative News and Commentary
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