Obama’s Energy Follies Continue
URL to article: http://frontpagemag.com/2012/04/24/obama%e2%80%99s-energy-follies-continue/
The Obama administration’s bizarre energy policy took another confused turn last week as the President asked Congress to spend $52 million for more oversight and investigation of petroleum markets. The crackdown would supposedly be aimed at “those who manipulate the market for private gain at the expense of millions of working families,” although neither Mr. Obama nor presidential press secretary Jay Carney could identify who these dastardly villains supposedly are, or if they even exist.
It was, even by this administration’s standards, a pathetically inept response to an issue that could be a big problem for the President come November: brutally high gasoline prices. Rather than addressing the well understood, free market supply and demand forces that keep driving up the price of crude, the administration resorted to class warfare once again, to the point of resurrecting the Enron boogeyman in a vain attempt to divert attention and decline responsibility for Obama’s spectacular failures with regard to energy issues. Even the Washington Post wasn’t buying it, taking the administration to task in an April 17 editorial:
“President Obama is fond of saying that there is no silver bullet to bringing down gasoline prices. On Tuesday, however, he went into the silver bullet business.”