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Posted: 8:28 a.m. Wednesday, March 14, 2012

Losing the oil argument 

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Steven Chu

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By Neal Boortz

Obama’s Energy Secretary Steven Chu has decided to walk-back his 2008 comments about European gas prices.  You do remember those comments, don’t you?  Back in 2008, just weeks before being named Obama’s Energy Secretary, Chu told the Wall Street Journal, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” and said he supported gradually increasing gasoline taxes over 15 years to coax consumers into buying more efficient cars.  We are talking about a Nobel Peace Prize winning scientist.  It’s hard to imagine that this man would flippantly say something like that without understanding the consequences of what that would mean for our economy.

But now, Dear Ruler is in a bind.  Higher gas prices are taking a toll on his poll numbers.  Apparently Chu was not pressured by Obama to recant his previous comment, but one always has to wonder.  Chu simply says that he “no longer share[s] that view,” saying that higher gas prices would slow the “recovery.”  He said, “Right now there is real hardship that Americans are suffering at the gasoline pump. We have gone through a terrible recession and a worldwide recovery, but the recovery is fragile and so, as I’ve said, another spike in gasoline prices could put that recovery in jeopardy.”  Ah so if it wasn’t for the “fragile recovery” Chu would still be in favor of raising gas prices on Americans? 

If the goal of weaning Americans off of oil is to make us consume less oil, Obama has done a stellar job of that already by ensuring that millions of Americans are unemployed.  People who aren’t working aren’t in need of cars to get them there and gas to fuel their trips to and from work.  So we have less oil consumption, and yet oil prices are still high.  We also have increased oil production, and yet oil prices are still sky high.  However, the source of this production remains a contentious debate.  Obama’s chief mouthpiece Jay Carney insists that conservatives are wrong when they say that oil production increases have only taken place on private lands with leases secured prior to 2009.  Carney says that production on public lands and waters has increased by 12% over the last three years.  I have no idea where he gets that statistic.  What I do know is that the very reputable Heritage Foundation says that oil production on federal lands is down 40%.  So now it seems as though we are playing a game of he-said-she-said.  There are so many people who are so very good at picking apart Obama’s lies and half-truths, we’ll just wait for them to vet this particular statement.   

But what I do find laughable is Jay Carney’s assertion that Obama “has a very clear record of aggressively pursuing domestic oil and gas production.”  For this I must turn to part of my handy Oil Cheat Sheet.  Read this and then tell me if you still believe that Obama has a “clear record of aggressively pursuing domestic oil and gas production.”

This administration can’t claim to be with the environmentalists and with the drilling lobby all at the same time.

Neal Boortz

About Neal Boortz

Neal Boortz chronicles his 42 years of talk radio in his book "Maybe I Should Just Shut Up and Go Away" Available on line and printed from Barnes and Noble and Amazon.

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