Mythbusters Comes To Gas Prices

| | Comments (0) | TrackBacks (0)

I occasionally watch the television show "Mythbusters."  It always reminds me that some of the things that I take for granted are right can easily be proved wrong.  Well, yesterday the Heritage Foundation posted an article entitled "Obama's Top Six Gas Price Myths Busted."

The article lists the myths:

1.  Speculators are to blame.

2.  Price gouging is to blame.

3.  The solution is alternative energy.

4.  The President wants lower gas prices.

5.  More biofuels will solve the problem.

6.  There is nothing President Obama can do about gas prices.

The article details why each myth is false.  I strongly suggest that you follow the link above and read the entire article.

In terms of what the President can do about gas prices, the article concludes:

"On April 6, President Obama told an audience, "I'm just going to be honest with you. There's not much we can do next week or two weeks from now." There is actually plenty President Obama can do immediately.

"He can start issuing drilling permits in the Gulf. Obama's Department of Interior went nearly a year without issuing a new permit, to the point that a federal judge held them in contempt of court. Obama's Energy Information Agency projects that these permitting delays are costing us 240,000 fewer barrels of oil a day, along with the billions of dollars in government revenue in royalties. A Louisiana State University study found that at least 19,000 jobs across the nation were destroyed just by the Obama drilling "permitorium."

"He can stop the EPA from imposing costly new regulations on refiners. He can reverse the political EPA decision to stop Shell from tapping into 27 billion barrels of oil in the Arctic Ocean. Simply put, he can send a strong signal to the markets and oil cartels that the U.S. oil industry is back open for business.

"As Congressman Dan Boren (D-OK) recently said: "President Obama is completely uninformed about the oil and gas industry. The industry is not made up of just major companies. ... For every CEO of a major company, there are literally thousands of blue collar jobs that are affected by his administration's energy policy. It is a policy that is very inadequate and has left so many on the gulf coast unemployed. Americans are tired of empty rhetoric on both sides and want a real plan. If the President doesn't want to stand up and be a leader, then his silence would be appreciated from people who are trying to find solutions."

"Busted."

I believe the appropriate expression here is, "Lead, follow, or get out of the way!"

0 TrackBacks

Listed below are links to blogs that reference this entry: Mythbusters Comes To Gas Prices.

TrackBack URL for this entry: http://www.rightwinggranny.com/mt/mt-tb.cgi/2936

Leave a comment

About this Entry

This page contains a single entry by Granny G published on April 28, 2011 7:14 PM.

Okay. I Will Finally Deal With This Issue was the previous entry in this blog.

The Problem With The Internet is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.