Hussein Obama and Gas Prices

July 17, 2008 is a date many of us probably do not remember. But we remember the summer of 2008. Gas prices hit their high-water mark on July 17, 2008. On July 14, 2008, then President George W. Bush lifted the Executive Order banning off shore drilling.

His act was mostly symbolic, but in Nashville, I went from paying $4.25 a gallon to $1.60 a gallon by the time Bush left office in January. One of Obama’s first acts as President was to reinstate the Executive Order banning off shore drilling.

Since then, gas prices have slowly risen.

Does anyone remember Obama on the campaign trail? In July 2008, as gas prices screamed through the roof, Obama said his problem was not with expensive gas, but only the sharp, sudden rise in prices. In other words, the Obama fool would be happy if we average Americans had to pay $5 or $10 a gallon for gas. He just wants to stretch the price hike was stretched out over time.

Since taking office, Obama has reversed almost every Bush era policy that was designed to create more oil. Shale oil development was blocked by his administration. They have blocked any new leases to drill off shore. Obama just blocked, for another seven years, drilling in the Atlantic, Pacific and in the Gulf.

Meanwhile, in the Gulf of Mexico, the Cubans, the Chinese and now even the Russians are drilling.

While Obama denies American companies the ability to drill in American waters and puts American workers out of work, he has no problem spending over $2 billion in US tax dollars to help Brazil develop its deep water, off shore drilling capabilities. Brazil will have oil and Brazilian workers will be employed, all at the expense of America.

Of course, you will never find the word hypocrisy in the White House dictionary, although I understand Webster’s Dictionary now features Obama’s photo, next to the definition of hypocrisy (and if it doesn’t, it should).

Travel and Oil Industry experts are predicting gas prices will climb to above $3 a gallon in the spring. Demand certainly has something to do with that, but anyone with even a rudimentary knowledge of economics knows supply is the other half of the equation. Obama seems to be ignorant to this fact and is doing his best to return us to $4 a gallon gas or even higher.

Not only does this mean Americans have to pay more for their fuel, but also almost every other product, from food to clothing, will cost more. This will do incredible damage to an already fragile economy.

If Obama were merely incompetent, he would get something right occasionally. The law of averages would catch up with him at some point. Given everything he has done, it is obvious; he wants to see the American economy in the tank.

Meanwhile, as you put gas in your car this week, remember the price. A few months from now, we will all look back nostalgically and say, “Remember when gas was only $3 a gallon?”