“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” said Steven Chu — the man Barack Obama would ultimately tap to be energy secretary — in September 2008. He was explaining to The Wall Street Journal that higher energy prices are the centerpiece of the Left’s energy overhaul. Well, I don’t know if they’ve figured out the Euro-boost yet, but we are halfway to Vienna.
Now, while I’m sure Barack Obama would love it if gas prices declined until November 6, 2012, there’s every reason to believe he shares Chu’s sentiments. And if the fact that he hired such a man in the first place isn’t enough for you, consider his campaign-trail implication that he wouldn’t have a problem with four-dollar-a-gallon gas (hey, it won’t cramp his lifestyle. Golf, anyone?). Consider also that he’s quite willing to subordinate the satisfying of energy needs to symbolic environmental deeds. For example, in 2008, he told the San Francisco Chronicle that his policies would bankrupt the traditional coal industry and said “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket [emphasis added].” It’s amazing what comes out of his mouth — even on the campaign trail — off Teleprompter.
Given this attitude, it’s not surprising that oil rigs, denied permits to drill by the Obama administration, have been leaving the Gulf of Mexico for foreign shores. And don’t expect to see them back anytime soon, either. After all, moving a Walmart-size rig is no small feat, and not all countries have a national death wish that causes the afflicted to kill the golden goose like ghetto criminals who ensure that businesses will leave their neighborhoods.
Read the rest here.