$5 Gas Predicted Under Obama — What, No Pitchforks?
Larry Elder over at RealClearPolitics writes a very nice little article retrospective of when gas prices rose under Bush, and how they are now under Obama. In his article, he mentions some comments made by Nancy Pelosi. I had tackled that one before. Just for the record, when she made the comments criticizing Bush and promising her “commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels”, gas is STILL 20% more than when she made her promise. And you know what, it’s on a path to get much, much, worse:
| Commodity |
April-06 |
January-11 |
|
|
|
|
|
| Corn |
$250 |
$624 |
150% |
| Soybean |
$590 |
$1,374 |
133% |
| Wheat |
$400 |
$794 |
99% |
| Gas |
$58 |
$93 |
60% |
|
|
|
|
Normally I discuss gas prices and supply in my science blog. However, this issue is 100% political. There is now more supply than there was in 2006, but the price is higher purely because of liberal political philosophies limiting our ability to get it. If it were actually accomplishing something good, I would grin and bear it. As it is, with the deforestation in South America and the declining US economy, which does more good for the planet than anything else does, this is not something good.
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Tags: commonsense plan, gas, larry elder, nancy pelosi, oil, pitchforks, price, realcrearpolitics, supply
