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Obama said this last night, apparently to some applause. This is confusing, given his stated goal of raising gas prices -
Good old Steven Chu. Remember this one?
But hey, when market forces overwhelm even the most ridiculous policies, go ahead and take credit for it.
from - http://cnsnews.com/news/article/oba...nt-gas-prices-2012-doesn-t-want-higher-pricesOn June 10, 2008 during an interview with CNBC’s John Harwood, candidate Obama said, “Well, I think that we have been slow to move in a better direction when it comes to energy usage. And the president, frankly, hasn't had an energy policy. And as a consequence, we've been consuming energy as if it's infinite. We now know that our demand is badly outstripping supply with China and India growing as rapidly as they are.”
Harwood followed, “So could these high prices help us?” Obama answered, “I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing.”
Also in 2008, Stephen Chu, who Obama would name as his Energy secretary, said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” according to The Wall Street Journal.
Good old Steven Chu. Remember this one?
from - http://www.washingtontimes.com/news...l-cheap-gas-prices-obamall-fix-that/?page=allEnergy Secretary Steven Chu said as Mr. Obama took office, “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.” That’s $9, $10 a gallon. The theory behind the goal is that rising gas prices will make green energy viable, even cost efficient.
And no one in the Obama administration gives a damn what Americans pay for gas. They want prices high. That’s why they’ve proposed a new federal rule dubbed “the most expensive regulation ever.” The new rules on ozone, meant to drastically cut the amount of smog produced by power plants and factories, would wipe out $3.4 trillion in economic output and 2.9 million jobs by 2040, according to Politico.
But hey, when market forces overwhelm even the most ridiculous policies, go ahead and take credit for it.