Obama Refuses to Touch Out-of-Control Gas Prices

During a speech given Wednesday in Mount Holly, North Carolina, at the Daimler Truck Manufacturing Plant, President Barack Hussein Obama remarked, as reported by The Weekly Standard:

Looks like somebody might’ve fainted up here, have we got . . . Somebody . . . EMS . . . Somebody . . Don’t worry about it: Folks do this all the time in my meetings. You always got to eat before you stand for a long time–that’s a little tip. They’ll be OK, just make sure–give them a little room.

If you haven’t heard about the whoppers he told in this speech, you had better sit down…you’re probably going to faint, too.

Here’s an excerpt from the transcript at whitehouse.gov:

Now, here’s the thing, though — this is not the first time we’ve seen gas prices spike. It’s been happening for years. Every year, about this time, gas starts spiking up, and everybody starts wondering, how high is it going to go? And every year, politicians start talking when gas prices go up. They get out on the campaign trail — and you and I both know there are no quick fixes to this problem — but listening to them, you’d think there were.

As a country that has 2 percent of the world’s oil reserves, but uses 20 percent of the world’s oil — I’m going to repeat that — we’ve got 2 percent of the world oil reserves; we use 20 percent. What that means is, as much as we’re doing to increase oil production, we’re not going to be able to just drill our way out of the problem of high gas prices. Anybody who tells you otherwise either doesn’t know what they’re talking about or they aren’t telling you the truth.

Here is the truth. If we are going to control our energy future, then we’ve got to have an all-of-the-above strategy. We’ve got to develop every source of American energy — not just oil and gas, but wind power and solar power, nuclear power, biofuels. We need to invest in the technology that will help us use less oil in our cars and our trucks, in our buildings, in our factories. That’s the only solution to the challenge. Because as we start using less, that lowers the demand, prices come down. It’s pretty straightforward. That’s the only solution to this challenge.

And that’s the strategy that we’ve now been pursuing for the last three years. And I’m proud to say we’ve made progress.

Since I took office, America’s dependence on foreign oil has gone down every single year. In fact, in 2010, it went under 50 percent for the first time in 13 years.

You wouldn’t know it from listening to some of these folks out here — (laughter) — some of these folks — (laughter) — but a key part of our energy strategy has been to increase safe, responsible oil production here at home. Under my administration, America is producing more oil today than any time in the last eight years. Under my administration, we’ve quadrupled the number of operating oilrigs to a record high. We’ve got more oilrigs operating now than we’ve ever seen. We’ve opened up millions of new acres for oil and gas exploration. We’ve approved more than 400 drilling permits that follow new safety standards after we had that mess down in the Gulf.

We’re approving dozens of new pipelines. We just announced that we’ll do whatever we can to speed up construction of a pipeline in Oklahoma that’s going to relieve a bottleneck and get more oil to the Gulf — to the refineries down there — and that’s going to help create jobs, encourage more production.

So these are the facts on oil production. If somebody tells you we’re not producing enough oil, they just don’t know the facts.

But how much oil we produce here at home, because we only have 2 percent and we use 20, that’s not going to set the price of gas worldwide, or here in the United States. Oil is bought and sold on the world market. And the biggest thing that’s causing the price of oil to rise right now is instability in the Middle East. You guys have been hearing about what’s happening with Iran; there are other oil producers that are having problems. And so people have gotten uncertain. And when uncertainty increases, then sometimes you see speculation on Wall Street that drives up gas prices even more.

But here’s the thing. Over the long term, the biggest reason oil prices will go up is there’s just growing demand in countries like China and India and Brazil. There are a lot of people there. In 2010 alone, China added nearly 10 million cars on its roads. Think about that — 2010, 10 million new cars. People in China, folks in India, folks in Brazil — they’re going to want cars, too, as their standard of living goes up, and that means more demand for oil, and that’s going to kick up the price of oil worldwide. Those numbers are only going to get bigger over time.

So what does that mean for us? It means we can’t just keep on relying on the old ways of doing business. We can’t just rely on fossil fuels from the last century. We’ve got to continually develop new sources of energy.

And that’s why we’ve made investments that have nearly doubled the use of clean, renewable energies in this country. And thousands of Americans have jobs because of it. It also means we’ve got to develop the resources that we have that are untapped, like natural gas. We’re developing a near hundred-year supply of natural gas -– and that’s something that we expect could support more than 600,000 jobs by the end of the decade.

And that’s why we’ve worked with the private sector to develop a high-tech car battery that costs half as much as other batteries and can go up to 300 miles on a single charge. Think about that. That will save you some money at the pump. And that is why we are helping companies like this one right here and plants like this one right here to make more cars and trucks that use less oil.

Still trying to line the pockets of your “investors”, huh, Mr. President?  I’m all for future progress, but what you’re proposing does nothing to deal with the reality of average American not being able to afford to fill up their gas tanks, in order to make it to their jobs.

Americans need relief at the gas pumps NOW, Mr. President.

Remember these words you repeated, a few years ago?

I do solemnly swear (or affirm) that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States.

Nowhere in the Oath of Office do I see the words:

“I will line the pockets of my friends and investors, now matter how it ruins America’s economy or impacts its citizens.”

P.S.  We don’t want to “be like Europe”.  We’re America!

Heck of a job there, Barry.

22 thoughts on “Obama Refuses to Touch Out-of-Control Gas Prices

  1. cmsinaz

    he had NO PROBLEM laying the blame of high gas prices at the feet of W back in 08….

    don’t blame me part 4,621

    evil man i tell ya


  2. darwin

    You know, even if I accepted the stupid argument that increasing our own oil production wouldn’t lower oil prices (and I don’t), but wouldn’t all of those jobs involved in pumping and transporting the oil be better if Americans were holding those jobs and not Mexicans, Canadians, Saudis, etc? Just think of the unbelievable boost in the economy – NOW- that the influx of billions and billions of dollars into the economy. Not to mention the tax revenues.


  3. Brad Goss

    Good job Kj.. Kj, Here’s my plan to fix the high rising gas problem;
    1st, increase drilling on private & Govt lands. It is said that we have a 250 year supply of oil for refining at current usage levels. The Govt should completely take the US off the world oil market, use our own reserves and what we have in the ground. Then put a 25 year cap on new energy alternative. In other words the energy companies have 25 years to vigorously come up with and implement an alternative fuel plan all the while (during the 25 years), they have to meet increasing efficiency standards. I feel our gas prices would be down to $1.50 per gal and the the sand boxes where we get our fuel now, would beg us to buy theirs. Just my humble opinion.. Bg


    1. tweety

      I was just saying almost the same thing to my husband like ten minutes before I read this! I agree with all that you have said! I also was thinking about the indians and the land being take from them which brought me to the conclusion as to why dont the government take it from the greedy oil tycoons! Here in America, this is what the government needs to be worrying about ” The Land of The Free” my ass! The rich keeps getting rich and the poor keeps getting poorer and the middle class has been cut right out! but because we need fuel for everything we continue to pay these rediculous prices, at the same time im wondering what would happen if say we go to the grocery store for the things we need and the gas and go one whole week without shopping at any store and see what would happen I think it would be great to see the news! All the empty parking lots!


  4. yoda

    Barry and his kool aid drinkers have short-term memory and can’t remember all of Barry’s 2008 campaign slams against George Bush and those high gas prices.


  5. Gohawgs

    Higher gas prices are, in part, his doings. His Secty of Energy, Chu, admitted to Congress that the obamanation’s (mis)administration was ok with the doubling of gas prices in the 3 yrs since they’ve been in power…


  6. backwoods conservative

    Prices fluctuate according to the laws of supply and demand, but the liberals only want to focus on demand and do nothing about supply.


      1. With the WTI oil price at around $105 per barrel still well below the July 2008 peak of $147 per barrel it would seem that things aren’t that bad. However, that is misleading for two reasons. First of all, despite being misleadingly touted by the financial media as “the oil price”, the WTI price has only a limited real world relevance and the more important Brent crude price is at $120 per barrel a lot closer to the 2008 peak.

        Secondly, the dollar was much weaker in July 2008 than it is now. At that time, the dollar was trading at $1.60/€, now it is trading at $1.32/€. Thus, while oil is still cheaper to Americans than it was in July 2008, for Europeans it has returned to the roughly €90 per barrel level that we last saw in July 2008.

        What was the price at American pumps in 2008, genius? Does your vehicle (if you have one) run on raw oil?


      2. From ConsumerReports.com, 1/21/2009:

        Gasoline prices continue to rise across the country, but diesel prices have decreased compared against the week before. On average, gasoline prices rose around 6 cents. The national gasoline average is now about a $1.17 below the price this time last year. Diesel fuel is now $.97 below this time last year.

        National retail fuel price averages

        Price Change from last week
        Regular gasoline/gallon $1.85 ↑ .06
        Diesel fuel/gallon $2.30 ↓ .02

        The difference is: Obama wants them to continue to rise.


      3. Michael Johnson

        What’s the point of cherry picking data like that?

        The S&P 500 closed at 840 on that day, today it’s 1,370 – up 63%. Is Obama responsible for that 63% rise? I don’t think so.

        Natural gas prices are down about 25% since 1/21/2009. Do I credit Obama? No.


      4. With the national average of gas prices hitting $3.65 a gallon, nearing $6 in some parts of the country, and poised to head even higher, America’s families are wondering when the bleeding at the pump will stop. But for Secretary of Energy Stephen Chu, those steep prices aren’t even a concern. In fact, he says his goal is not to get the price of gasoline to go down.

        Chu delivered those stunning remarks in testimony before Congress yesterday. When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it’s his “overall goal to get our price” of gasoline lower, Chu said, “No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.”

        As shocking as his remarks are, they shouldn’t come as a surprise. Chu has a long record of advocating for higher gas prices. In 2008, he stated, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” Last March, he reiterated his point in an interview with Fox News’ Chris Wallace, noting that his focus is to ease the pain felt by his energy policies by forcing automakers to make more fuel-efficient automobiles. “What I’m doing since I became Secretary of Energy has been quite clear. What I have been doing is developing methods to take the pain out of high gas prices.”

        There are steps the president and Congress can and should take today to bring down the cost of energy. Namely, end the de facto moratorium on drilling, open offshore areas that are off-limits to drilling, place a 270-day limit on environmental reviews for energy projects on federal lands, remove regulatory delays, and approve Keystone.

        As Loris writes, “The market would respond if Congress and the Obama Administration allowed it to work.” But Secretary Chu and the Obama Administration are evidently not interested in market-based reforms that bring down the cost of energy. Instead, they’re bent on keeping energy costs high in order to placate the environmental left. And now Americans are paying the price.


      5. Michael Johnson

        The only real chance we have of getting low gas prices is through conservation and alternate sources. Here is a great idea from Pickens on converting the nation’s truck fleet to run on natural gas, which could lower our oil use 15%.


        And regardless of Chu’s comments in 2008, US oil production is at an 8 year high.



  7. Gohawgs

    Since when do libs quote FOX as a reliable source? And, does quoting BOR cancel out the obamanation’s 2008 campaign attacks against the evil Boooooooooooosh and $1.84 gasoline?…


    1. Michael Johnson

      First of all, I’m not a lib – unless you mean moderate libertarian.

      Secondly, they are the furthest thing from a reliable source. I’m just pointing out the hypocrisy of the people now blaming Obama for high gas prices.


      1. Gohawgs

        The current POTUS blamed Bush in ’08. The current Secty. of State blamed Bush in ’08. The current head of the DNC blamed Bush in ’08. Now that they are in office, it’s not their fault…Maybe they should look into the mirror cracked…

        The current SOS recommended against the Keystone pipeline that would add to our supply of crude oil. The current POTUS nixed the pipeline due to “time constraints”. This week, the current POTUS lobbied dem Senators not to vote to over ride his (mis)administration’s blocking of the pipeline.

        The current (mis)administration awarded BP a safety award. After the same award winning oil platform had a “minor glitch”, the (mis)administration shut down all oil production in the Gulf of Mexico — even against Fed. Ct. orders to recind the moratorium.


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