Topic: Decline of the West
Remember how Democrats and the media used to blame George W. Bush and his sinister cabal of neocon puppet masters for high gas prices? Well, now that Barack Obama is president, Dems and reporters have suddenly discovered that the causes of high gas prices are mysterious and quite complex! Take this story from the February 28, 2011Washington Post and this one from the February 17, 2012 Los Angeles Times, neither of which mention the Obama Administration at all.
It’s true, of course, that a complex of factors—Middle East unrest, rising demand, even the weather—is driving prices higher. This is as true today as it was when Dems and the media were squawking at the Bush Administration. But it’s also true that the anti-petroleum decisions of the Obama Administration are helping to keep prices high. North America is sitting on vast untapped oil and natural gas reserves that could have a significant effect on prices—if they were being exploited. (And, incidentally, exploiting those resources would create jobs.) But instead Barry and his minions hand out subsidies and loan guarantees to insolvent solar panel manufacturers, electric cars that no one wants to buy and useless high-speed rail projects.
When gas reaches a price of $5 per gallon for regular unleaded, remember that.