Gas Price Historical Price Charts – GasBuddy.com
http://www.youtube.com/watch?feature=player_embedded&v=HlTxGHn4sH4
Disrupting the Borg is expensive and time consuming!
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Longtime GOP Sen. Richard Lugar loses Indiana primary to challenger Richard Mourdock
http://www.foxnews.com/politics/2012/05/08/longtime-gop-sen-richard-lugar-loses-indiana-primary-to-challenger-richard/
‘Richard Mourdock does not support the Obama Adminstration’s “Cap and Trade” legislation nor does he support the “Cap and Trade Light” energy policies of Senator Lugar. Both are based on a faulty assumption, that humans are causing global climate change. As a geologist who has spent 30 years in the energy industry, Richard understands that US energy policy must be based on sound science.’
http://www.retirelugar2012.com/Climate_Change.html
To be fair, gas did reach around $4 during the Bush Administration as well.
And quickly fell back. The cause of the apex under Bush was the storms. The cause of the high plateaux under Obama is his policies.
And the amusing thing is to watch the Obamabots come out and try to deny it is Obama’s policies doing it! Of all his promises, this is the only one he has kept. High gas prices.
Gasoline prices then dropped quickly after Bush opened areas to offshore drilling. No production resulted since it was quickly shut down by Obama, but it did send a positive message to the market and speculation-fueled price volatility decreased.
More domestic drilling won’t lower fuel prices, but it will reduce price volatility, as well as increase royalty revenue (12-18% per barrel) and tax revenue (more domestic oil jobs —> more Federal income, FICA, Medicare, and state sales tax revenue).
Only because of Democrat controlled House and Senate….
Andy, whose side are you on? Obama: “It’s about fairness.”
China begins deep-water drilling in South China Sea
http://news.xinhuanet.com/english/china/2012-05/09/c_131576610.htm