Link: http://www.msnbc.msn.com/id/42468366/
Quote:
What do you call $2 a gallon for gas? Bush's economic failure.
What do you call $4 a gallon for gas? Obama's economic "recovery."
The Obama recovery will continue. Get used to high pump prices. In fact, get used to burdensome energy costs forever.
That was the takeaway from President Obama's message on Wednesday in Falls, where he held an invitation only "town hall" at Gamesa Technology Corp., the windmill turbine manufacturer.
"I'm just going to be honest with you," he told a man named "Jazz," who had asked what could be done to reduce pump prices. "There's not much we can do next week or two weeks from now."
Or ever.
The president suggested trading in gas guzzling SUVs (Your SUV, not his) for more fuel-efficient cars. Try a hybrid, he said. Maybe a small electric that travels 100 miles on a charge.
"Jazz" said he needs his SUV because he has 10 children.
Ten kids? Obama was whimsically dumbfounded by this.
The president sketched his vision of an America that gets 80 percent of its electricity from an array of clean energy sources. These include windmills, solar fields, electric cars, rainbows and unicorns.
But not oil. Obama said he intends to reduce U.S. oil imports by one-third over the next 10 years. That means America's imported oil supply will drop from 13 million barrels a day to 9 million barrels a day.
Sure, the president said, we will increase domestic oil production a tad, but that won't make up for the country's ever increasing oil demand.
"We can't just drill our way out of the problem," he said.
According the Department of Energy, gasoline averages $3.70 a gallon. This means, according to the EPA, the average American household will pay an extra $700 for gas this year over last.
Not that Obama sees this as a bad thing.
After all, he chose Steven Chu as his secretary of energy. In 2008, Chu said (and he reiterated last month) that to coerce Americans into smaller cars: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe."
Europe pays $10 a gallon.
A $200 fill-up? The Obama "recovery" continues.
Home heating oil prices will follow gasoline.
Even without diminishing imports, heating oil costs rose a buck a gallon over last year. This means swallowing a $600 to $1,000 nut for those who keep warm with it in Bucks County.
A $10,000 oil bill? The Obama "recovery" continues.
Then there's the price of electricity, which will probably be worse than gasoline and heating oil combined.
State rate caps expired in January, sending PECO's average residential bill up 5 percent, or about $5 a month. But you ain't seen nothing yet.
Half of the country's electricity is generated by burning coal, an energy source Obama does not like.
He alluded to this on Wednesday, when he said that, even though America is "the Saudi Arabia of coal," the
coal we produce is not clean, at least not clean enough for him.
Burning it contributes to "changing weather patterns," he said. In other words, "climate change."
Though it has not been widely reported, the Obama administration is quietly throttling the American coal industry. Since 2009, the EPA has sat on 79 mine applications. The agency claims that more time is needed to review them.
As electricity demands outpace the coal needed to fire up the nation's generating plants, electricity bills will leap.
This is not a surprise, is it? Obama, who favors capping greenhouse gases, told the San Francisco Chronicle in 2008:
"Under my plan of a cap and trade system, electricity rates would necessarily skyrocket, regardless of what I say about whether coal is good or bad. Because I'm capping greenhouse gases - coal-powered plants, natural gas, you name it - whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that cost on to consumers."
The Obama recovery continues.