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Obama Wanted Higher Gasoline Prices?

 
Anonymous Coward
User ID: 33676911
United States
03/29/2013 06:55 AM
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Obama Wanted Higher Gasoline Prices?
Gingrich said Obama wants gasoline prices to get to the European levels of $9 or $10 a gallon, but that “he just wants it to be gradual.” But that’s not what Obama said. Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment” because “the fact that this is such a shock to American pocketbooks is not a good thing.” He said nothing of wanting to goose gasoline prices to European levels, gradually or otherwise.

USE LESS OIL!!


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Anonymous Coward
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03/29/2013 07:09 AM
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Re: Obama Wanted Higher Gasoline Prices?
There is plenty of oil.
The main reason for increased gasoline prices is the lack of refining capacity thanks in large part to the EPA and the large oil companies who lobbied them to have stricter regulations placed on refiners putting many of the smaller refiners out of business.
It's called eliminating competition through regulation.
It's what always happens when the government meddles in the free market, higher prices.

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