Another Long, Hot Summer for Obama: $6 Gas? [UPDATED]

21Apr/114

Another Long, Hot Summer for Obama: $6 Gas? [UPDATED]

With the weakening of the dollar, some say it might get there by July (via Insty). We've written on a couple of occasions how higher gas prices create higher crop prices which stimulate more Mideast unrest, leading to higher gas prices, and how this cycle is exacerbated by ethanol subsidies and mandates. Of course, now the administration is considering upping blends to 15% (on the backs of poor people!).

We've also been saying for some time that, given the illegal drilling moratorium in the Gulf, the flight of US equipment and expertise to Brazil and other areas where drilling is subsidized by the US government, the failure of green energy to materialize in any meaningful way, and the rest of Obama's havoc-wreaking fiscal and energy policies, $5 gas was likely just about everywhere this summer, and that this would pose a problem for the President. Belatedly, he seems to have acknowledged the likelihood by combining his 2012 campaigning with blaming everyone else for the price of gasoline.

Can't get all your kids into a smart car? That's what Planned Parenthood is for.

The guy is dismal.

UPDATE: Now he appoints a commission to figure out why gas prices are so high. I'm sure their recommendations will be given the same consideration as his fiscal commission's.

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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Adam Wells
April 21st, 2011 - 14:35

I really hope not, we’re looking at having to drive about 4200 miles the first two weeks of June.

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jefferson101
April 21st, 2011 - 19:47

Save your nickles and dimes, my man.

I think that $6 may be optimistic. When (And yes, I said “When”, not “If”) Quantitative Easing swarms on us, which it will, $10 wouldn’t surprise me.

And yes, it could be by June.

If you thought the last bout of inflation in the middle and late 70′s was bad? You ain’t seen nothing yet. BOHICA!

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daveinboca
April 22nd, 2011 - 10:03

As for gas prices, this ridiculous moron could pull the rug out from under “speculators” in a minute if he dropped his brain-dead moratorium on offshore in the Gulf of Mexico and opened up the North Slope in Alaska. The price of oil would drop 20-30 cts. within a week or two.

You really wonder if he thinks we are all as stupid as he is.

When he calls for an investigation, it’s a little like OJ looking for the “real killer.” [h/t Fenway Nation]

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RebeccaH
April 22nd, 2011 - 11:30

Well, didn’t Obama say he’d be comfortable with $7/gal gas? George Soros’ finger-puppet is ruining America.

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