In LA Wednesday night gas at some stations is over $5 a gallon. I have heard reports that we will reach $4 a gallon soon and it won't go down much if any this year and that $5 a gallon this year is a possibility. Well in LA it is already a reality.
This is what the economic and energy policies of our current administration have given us. They say this is good for us and necessary for our survival no matter how much fuel, food, and everything else costs and no matter how many companies go out of business and how many people lose their jobs. Energy cost increases are like huge tax increases that reduce consumers' discretionary income slowing down our economy. And that is the last thing we need as we still struggle to recover from the recession and high unemployment.
Do they realize also that government revenues will also go in the tank with the economy and they won't have the revenues they need for all the give-away programs?
"Gas prices are spiking. That's great news, right? We have to wean ourselves off the stuff. At least that's what we've been hearing for years. Oil is dirty. We import it from nations that hate our guts (like Canada!). And moreover, we're running out. Oil is 'finite.' Finite much in the way water is finite."
"In 2008, Steven Chu, Obama's (and, sadly, our own) future secretary of energy (sic) lamented, 'Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.' The president, when asked whether he thought $4-a-gallon gas prices were good for the American economy, said, 'I think that I would have preferred a gradual adjustment.'
How gradual? Like, what, four years? Or is it eight?Part of 'figuring it out' surely had something to do with the recent decision by Obama to nix the Canadian Keystone XL pipeline project that would have pumped 700,000 barrels of oil per day into the United States. More oil just means more excessive, immoral, ugly energy use."
RealClearPolitics - Aren't High Gas Prices What Democrats Want?