John Bolton

John Bolton

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Wednesday, February 06, 2013

February Gas Prices at Record Highs

The Obama war on oil means YOU pay more for gas!
CNBC: According to AAA, the national average price of regular gasoline is $3.52 a gallon, 4 cents higher than the average price a year ago. The average price was $3.35 a gallon a week ago and $3.30 a gallon a month ago.  

Meanwhile, the U.S. Energy Information Administration reported Monday that gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4 percent of income before taxes. This was the highest estimated percentage of household income spent on gasoline in nearly three decades,
Obama continues to block oil projects that would increase supply and bring the price down. It's been 1600 days since the application for the Keystone XL Pipeline was first submitted. The House Energy and Commerce Committee points out :
  • It took 491 days to build the Pentagon.
  • Lewis and Clark took 1,121 days to explore the American West.
  • It took the Greatest Generation 1,366 days to fight and win World War II,
  • It took President Obama and congressional Democrats 428 days to ram through Obamacare and transform our health care system under their one party rule.
An Energy and Commerce subcommittee is currently conducting hearings to determine the latest overview of American domestic energy supplies of oil, gas and coal. One conclusion is already clear: We could gain American Energy Independence in a short period of time if the government got out of the way

Instead, Obama and the Democrats keep their boot on the throat of American energy in hopes that the billions wasted in green energy projects run by Obama campaign contributors will take off. Meanwhile, we discover that not only are these green firms going bankrupt and leaving taxpayers on the hook for billions, overseas subsidiaries of American firms have been creating jobs in foreign countries with Obama cash!

Finally, Obama's big push for electric cars is going nowhere. Despite massive government subsidies the electric car industry is failing. Further proof that the free market, not government, is the best driver of change. Too bad Obama isn't listening.

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