Obama’s Oil Spill Fix: $7 per Gallon Gasoline

I keep telling you to watch the other hand and not get distracted by shiny pretty things. Obama may not have caused the oil spill in the gulf, but he is certainly making every attempt to capitalize on it politically.

His cap-and-trade (tax) wealth redistribution scheme was pretty much DOA. But now he is trying to whip up anger and channel it into support for his scheme, just like, what term am I looking for… Oh, yeah, just like a COMMUNITY ORGANIZER.

It is becoming more and more apparent that he is incapable of even ACTING like a president, much less capable of actually being one. That requires leadership, not just cheer leading skills.


http://www.nypost.com/p/news/opinion/opedcolumnists/gallon_gas_9GlF3o1xIcIBelOV3k0RsK

$7-a-gallon gas?

By BEN LIEBERMAN
Last Updated: 4:31 AM, June 19, 2010
Posted: 12:02 AM, June 18, 2010

President Obama has a solution to the Gulf oil spill: $7-a-gallon gas.

That’s a Harvard University study’s estimate of the per-gallon price of the president’s global-warming agenda. And Obama made clear this week that this agenda is a part of his plan for addressing the Gulf mess.

So what does global-warming legislation have to do with the oil spill?

Good question, because such measures wouldn’t do a thing to clean up the oil or fix the problems that led to the leak.

The answer can be found in Obama Chief of Staff Rahm Emanuel’s now-famous words, “You never want a serious crisis to go to waste — and what I mean by that is it’s an opportunity to do things that you think you could not do before.”

That sure was true of global-warming policy, and especially the cap-and-trade bill. Many observers thought the measure, introduced last year in the House by Reps. Henry Waxman (D-Calif.) and Edward Markey (D-Mass.), was dead: The American people didn’t seem to think that the so-called global-warming crisis justified a price-hiking, job-killing, economy-crushing redesign of our energy supply amid a fragile recovery. Passing another major piece of legislation, one every bit as unpopular as ObamaCare, appeared unlikely in an election year.

So Obama and congressional proponents of cap-and-trade spent several months rebranding itdownplaying the global-warming rationale and claiming that it was really a jobs bill (the so-called green jobs were supposed to spring from the new clean-energy economy) and an energy-independence bill (that will somehow stick it to OPEC).  (Just like the Department of Energy was supposed to get us off of foreign oil when it was founded in the ’70’s.  It’s grown into a multi-billion dollar per year black hole that accomplishes nothing.  If they closed the department of Energy and saved that money, I might be more inclined to believe Obama and the left was actually serious about energy independence.  It would also help if we were allowed to drill for our own oil.  The reason they were drilling in such deep water to begin with was because environmentalists and liberals FORCED them to.  Every liberal policy accomplishes the exact opposite of its stated intent.)

Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) even reportedly declined to introduce their new cap-and-trade proposal in the Senate on Earth Day, because they wanted to de-emphasize the global-warming message. Instead, Kerry called the American Power Act “a plan that creates jobs and sets us on a course toward energy independence and economic resurgence.”  (Lies…)

But the new marketing strategy wasn’t working. Few believe the green-jobs hype — with good reason. In Spain, for example, green jobs have been an expensive bust, with each position created requiring, on average, $774,000 in government subsidies. And the logic of getting us off oil imports via a unilateral measure that punishes American coal, oil and natural gas never made any sense at all.

Now the president is repackaging cap-and-trade — again — as a long-term solution to the oil spill. But it’s the same old agenda, a huge energy tax that will raise the cost of gasoline and electricity high enough so that we’re forced to use less.

The logic linking cap-and-trade to the spill in the Gulf should frighten anyone who owns a car or truck. Such measures force up the price at the pump — Harvard Kennedy School’s Belfer Center for Science and International Affairs thinks it “may require gas prices greater than $7 a gallon by 2020” to meet Obama’s stated goal of reducing emissions 14 percent from the transportation sector.

Of course, doing so would reduce gasoline use and also raise market share for hugely expensive alternative fuels and vehicles that could never compete otherwise. Less gasoline demand means less need for drilling and thus a slightly reduced chance of a repeat of the Deepwater Horizon spill — but only slightly. Oil will still be a vital part of America’s energy mix.

Oil-spill risks should be addressed directly — such as finding out why the leak occurred and requiring new preventive measures or preparing an improved cleanup plan for the next incident. Cap-and-trade is no fix and would cause trillions of dollars in collateral economic damage along the way.  (The Bush administration passed laws on what kind of safety shutoff valves had to be used in these rigs, then promptly exempted BP because of the large campaign contributions they made.  Then along comes Obama who then renews the exemptions…. because of the large campaign contributions, house payments, etc.)

Emanuel was wrong. The administration shouldn’t view each crisis — including the oil spill — as an opportunity to be exploited, but as a problem to be addressed. And America can’t afford $7-a-gallon gas.

Ben Lieberman is senior analyst of energy and environmental policy in The Heritage Founda tion’s Roe Institute.


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