Monday, September 27, 2021
HomePatriot DispatchesWith gas approaching $4/gallon, at least one Dem rethinking stance on oil...

With gas approaching $4/gallon, at least one Dem rethinking stance on oil

Gasoline hit almost $4/gallon at some Chicago stations this past weekend, and as one can well imagine, folks aren’t happy.

Last year at this time Chicagoans were paying an average of $2.84/gallon and with the 10 cent rise in the last few days this is the highest cost of gas since 2008. Mvd1472798According to the same article the average price of gas for the rest of the nation for regular unleaded is $3.37.

According to analyst Peter Beutel the crises and events in the Middle East, mainly Libya and Egypt are adding to nervousness in the industry which has crept the price of a barrel of oil up to $97.

Approaches to energy issues and the fate of oil and natural gas drilling and coal mining versus ramping up “renewable energies” has largely fallen down party lines. The majority of Republicans are in favor of using our domestic energy fossil fuels to help the US become energy independent while President Obama and the Democrats are mostly concerned about the “clean energies.”

Now at least one Democrat may be having a change of heart. According to the NewCanaan on-line in Connecticut, Rep. Jim Himes (D-CT #4) has been listening to drivers’ woes and their complaints of $4/gallon gas. While opposing drilling in ANWR and some sensitive areas in the Gulf, Himes now states:

“I do think we need to move away from [drilling], but give me a choice between getting it here and importing it from Saudi Arabia and I’ll take getting it from here any day,” he said.

Now if we could just get the majority of other Democrats to change their tune.

Couple the Gulf drilling moratorium and Obama’s desire to eliminate what he calls “costly tax cuts for oil companies” could spell disaster for consumers at the pump and cost thousands of jobs. According to the Manhattan Institute’s Robert Bryce:

“Big Oil has long been a plump piñata for politicos and environmental groups, but a simple cost-benefit analysis shows that eliminating decades-old tax rules for oil and gas could be a lousy deal for consumers,” Bryce writes in The Wall Street Journal.

Although Obama wants to move away from biofuels, the realism is taxpayer expense for using ethanol, for example, to reduce the amount of gasoline runs about $1.78/gallon. This means the entire taxpayer cost for the ethanol boondoggle amounts to around $16.2 billion.

Charles Drevna, president of the National Petrochemical and Refiners Association called Obama’s proposal:

“a sweetheart deal for the state-owned oil companies in Russia, Iran, China and other competitor nations, and for the Chinese who produce almost all the rare earth minerals needed to make batteries for electric vehicles.”

One must understand that oil companies do not get subsidies. For the present, at least, they get tax breaks for creating jobs and producing their commodities.

We need more on the side of tapping our domestic fossil fuels or gas prices could make a huge hit to the pocketbook. And that means consumers will have less dollars to spend in other areas and the dominoes will begin to fall.

LadyImpactOhiohttps://www.ladyimpactohio.com
Deplorable Reagan Conservative. Pro-life, pro 2A. Waiting for Obama's "legacy" to be undone. Twitter: @LadyImpactOhio "We the People tell government what to do. It does not tell us."__Ronald Reagan in his farewell speech.

11 COMMENTS

Leave a Reply

11 COMMENTS

  1. $4 or $5 per gallon gas will also kick off another recession, just like expensive gas did in 2008. That’s the reason that Democrats will need to do something to open up drilling again. Maybe they will decide to obey the law and allow drilling to proceed in the Gulf of Mexico.

    And welcome to Unified Patriots, LIO!

  2. I saw gas prices start to go up around here a week after the moratorium on offshore drilling was announced last summer. It’s been a steady rise since then and of course the unease in the Middle East spiked them even higher. Too bad most in DC don’t get the first part of that, and try to blame it on the Middle East unrest alone. Hopefully Himes will get the rest of them to start thinking.

    Welcome to Unified Patriots, LIO!

  3. I was dismayed to notice very recently that there is already a leftmeme developing that rising gas prices are laid at the foot of unrest in the middle east. Lost somewhere is the reality of what domestic policy under Obama has wrought. His afterthought foreign policy is causing it to get worse as well.

  4. I had my drivers license pre-Jimmah, I can remember putting $10 on the pump and pulling four or five bikes through to fill up. Now? $10 isn’t even 3/4ths of a tank. Thanks libs, I’m sure all those people in the south are glad they no longer have jobs drilling for oil.

  5. Oh, “energy costs will necessarily skyrocket” Obama is no doubt pleased with things as they are, and a boogyman in Libya to blame it on is his bonus.

    We’re well over $4 for diesel, and prices will be headed up within two weeks. Our towing prices will be up on Monday when the boss gets his fuel bill and screams.

    Welcome, LIO!

  1. $4 or $5 per gallon gas will also kick off another recession, just like expensive gas did in 2008. That’s the reason that Democrats will need to do something to open up drilling again. Maybe they will decide to obey the law and allow drilling to proceed in the Gulf of Mexico.

    And welcome to Unified Patriots, LIO!

  2. I saw gas prices start to go up around here a week after the moratorium on offshore drilling was announced last summer. It’s been a steady rise since then and of course the unease in the Middle East spiked them even higher. Too bad most in DC don’t get the first part of that, and try to blame it on the Middle East unrest alone. Hopefully Himes will get the rest of them to start thinking.

    Welcome to Unified Patriots, LIO!

  3. I was dismayed to notice very recently that there is already a leftmeme developing that rising gas prices are laid at the foot of unrest in the middle east. Lost somewhere is the reality of what domestic policy under Obama has wrought. His afterthought foreign policy is causing it to get worse as well.

  4. I had my drivers license pre-Jimmah, I can remember putting $10 on the pump and pulling four or five bikes through to fill up. Now? $10 isn’t even 3/4ths of a tank. Thanks libs, I’m sure all those people in the south are glad they no longer have jobs drilling for oil.

  5. Oh, “energy costs will necessarily skyrocket” Obama is no doubt pleased with things as they are, and a boogyman in Libya to blame it on is his bonus.

    We’re well over $4 for diesel, and prices will be headed up within two weeks. Our towing prices will be up on Monday when the boss gets his fuel bill and screams.

    Welcome, LIO!

Must Read