Thought this is getting a lot of play, what Obama said is half true. Gas had dropped to 1.86 because our economy was in free fall. But the reason it was at $4+ a gallon in the months before that was because of world supply and demand coupled with the Democrats utterly determined to end our domestic supply.
Obama’s utter canard was the second half of his statement, that we can only achieve those gas prices again if the economy tanks – that high prices are the new normal. Given that we have tapped a miniscule portion of our domestic resources – and that Obama was intent on limiting new drilling and fracking – that is anything but normal.
Thought this is getting a lot of play, what Obama said is half true. Gas had dropped to 1.86 because our economy was in free fall. But the reason it was at $4+ a gallon in the months before that was because of world supply and demand coupled with the Democrats utterly determined to end our domestic supply.
Obama’s utter canard was the second half of his statement, that we can only achieve those gas prices again if the economy tanks – that high prices are the new normal. Given that we have tapped a miniscule portion of our domestic resources – and that Obama was intent on limiting new drilling and fracking – that is anything but normal.