Posts Tagged ‘gas price’
When George W. Bush left office in January of 2009, the average price of a gallon of regular gas in America was $1.61. Today the average price of a gallon of gas is $3.54. Many analysts expect $5 gas this summer.
Every penny of increase in gas prices takes $1 BILLION out of the U.S. economy. So when the price of gas goes up $1, that’s $100 BILLION sucked out of the U.S. economy, or about $1,000 a year out of the typical American household — not chump change.
Of course, Obama has done nothing to promote American energy independence. He has squandered billions on windmills, solar power, and failed green energy projects, like Solyndra. No one’s buying his stupid Obama Volt car that he forced GM to make. The Obama Volt only has a range of 35 miles on a battery charge, plus you have a gigantic battery taking up much of your back seat. What a fiasco.
Meanwhile, he’s blocked drilling for oil across the U.S., on our continental shelf, and in Alaska. He blocked the Keystone oil pipeline from Canada. He’s blocked “fracking” — the extracting of oil from shale. The U.S. has more oil underground than Saudi Arabia.
The U.S. has oceans of oil underground — enough to last us 500 years even if we don’t find anymore. But Obama and the Left won’t let us access it.
The consequence is we are forced to buy our oil from the Middle East, thus financing terrorism against us, and from America hating dictators like Hugo Chavez in Venezuela — all because Obama won’t let Americans drill for oil here.
Here’s the price of a barrel of Brent Crude oil right now . . .