- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s same-sex marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
- U.N. rights chief: Flight MH17 downing possible war crime
- Attack on park in Gaza war kills 10, mostly children
- Calif. protesters to block Israel-owned ships at Port of Oakland
- Obama to give Africa $38M, but tells young leaders: Stop ‘making excuses’ for economy
EDITORIAL: Obama’s fuel follies
‘We can’t wait’ for cheaper gas, Mr. President
Question of the Day
Don’t look now, but gas prices are beginning to bite hard again. That’s bad news for President Obama, who, until now, might have thought he had gotten lucky when prices dropped earlier in this critical election year. As the energy issue makes the campaign trail bumpier, Mr. Obama has no one to blame but himself.
The average price of a gallon of gas at the pump has jumped to $3.70, more than 30 cents higher than just six weeks ago. This means the cost has climbed more than halfway back to its high for the year, which was $3.94 in April. Market analysts point the finger at a host of factors for the rapid escalation, including fears of conflict with Iran, summer-driving-season increases, a better-than-expected July jobs report that boosted oil futures and, most recently, a California refinery fire that could reduce West Coast gas supplies by nearly 10 percent. Some gas stations in the Los Angeles area already are selling fuel at $4.50 a gallon.
Underlying the immediate reasons for repeated price spikes over the course of Mr. Obama’s 31/2 years in office are his persistent moves to choke off fossil-fuel production while claiming to do the opposite. The president’s purported “all of the above” energy policy doesn’t apply to bountiful resources below ground. The disparity between White House word and deed shouldn’t go unnoticed.
North America is capable of energy self-sufficiency, a welcome proposition presented by U.S. Energy Information Administration (EIA) head Adam Sieminski in Aug. 2 testimony before a House Energy and Commerce subcommittee. EIA statistics show U.S. oil production has achieved its highest level since 1998, a fact Team Obama is proud to cite. However, most of the increase is not due to production on federal lands, but on state and private property, which is outside the president’s jurisdiction.
North Dakota’s oil boom is a prime example of American enterprise blossoming where Uncle Sam is not in charge. Tapping into the region’s Bakken formation has allowed the Rough Rider State to jump from the No. 8 to the No. 2 oil-producing state, according to Lynn Helms, North Dakota’s mineral resources director. Much of the new oil is being pumped from private ranches and farms.
Meanwhile, Mr. Obama continues to promote his “We Can’t Wait Initiative” for “green” development while ignoring the solid economic opportunities fossil fuels present. On Aug. 7, the White House announced it would expedite seven new solar and wind projects in four western states. In contrast, permits for drilling on federal land remain hard to come by since Mr. Obama curtailed drilling in the Gulf of Mexico and across the nation following the 2010 BP spill.
It’s not bad luck that has caused gas prices to soar from $1.95 when Mr. Obama took office but the result of deliberate efforts by his left-wing administration to drive up pump costs to make greenie energy sources appear affordable by comparison. Americans are feeling the drag on their bottom line as the Bloomberg Consumer Comfort Index fell last week to a two-month low. “We can’t wait” is what many voters think about a change of national leadership on Election Day.
The Washington Times
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
- EDITORIAL: Stopping police asset-forfeiture predators
- EDITORIAL: Obama's 'economic patriotism' means higher taxes
- EDITORIAL: Cellphones, steering wheels and safety
- LETTER TO THE EDITOR: Ship tours can foster dialogue
- LETTER TO THE EDITOR: Latin leaders profit from illegals
Latest Blog Entries
TWT Video Picks
By Mark Davis
The nation founders, the Lone Star State thrives
Get Breaking Alerts
- Hillary Clinton: Forget Obama, George W. Bush made her 'proud to be an American'
- Illegal immigrants demand representation in White House meetings
- D.C. police chief orders officers not to arrest legal gun owners carrying weapons in public
- Tennessee Gov. Haslam slams White House for secret dump of illegals in his state
- CURL: Obama, staffers not even pretending any more
- Family of Marine killed in Afghanistan pushes back against cover-up
- 'Pocket drones': U.S. Army developing tiny spies for the next big war
- DeSean Jackson working on offensive cohesiveness with Redskins teammates
- Washington Times strikes content and marketing partnership with Redskins
- D.C. seeks stay in order striking down ban on handguns in public