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High gas prices are President Obama’s fault

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Posted: Tuesday, October 30, 2012 12:00 am

Debate season has come and gone; thus we see both winners and losers. First Mitt Romney wins, then he loses.

Frankly, I'm afraid too many of us don't know what's really going on. Take the incredibly high prices we're now paying for gasoline. Some say, "It's President Bush's fault." Others say, "Are you kidding? He hasn't been president for years. It's Obama's fault."

Let's have an impartial look at the facts. If you had a car and you were buying gas four years ago, you know the cost of gas was $1.86 a gallon. If you're still driving, you know gasoline now runs around $4.93 a gallon. You might think that's not Obama's fault — wrong! It is Obama's fault. Look at the facts.

Cost of oil by the barrel is a major component of the cost of gasoline. Oil is being pumped out of private lands in North Dakota in great quantities. This creates a healthy economy, and unemployment there is 1.5 percent.

However, we're at a nine-year low for oil production on federal lands. Why? Your president keeps harassing businesses — suing seven oil companies for the deaths of 28 birds — and constantly adding to the endangered species list — the dune sagebrush lizard is effectively curtailing oil production in Texas. When Obama blocked the Keystone pipeline with its thousands of jobs, that meant less oil going from Canada to our gas refineries, and that also pushes up the cost of oil per barrel.

Hogwash. That doesn't mean Obama wants it that way. Oh? Obama's chosen Energy Secretary, Stephen Chu, said to Congress in September 2008, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." Meaning people pay $9 a gallon in Europe.

This doesn't mean Obama actually wants to purposely increase gas and electric power prices, does it? Here's his answer in 2008 to that question. This time, believe it: "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket. Businesses would have to retrofit their operation. That will cost money. They will pass that on to the customers."

Who are the consumers? That would be you!

Don Van Noy

Lodi

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