Chemical Guide

Gasoline is approaching $4.00 per gallon in California and elsewhere. I was working in the San Francisco Bay Area for the past several days and saw premium gasoline as high as $3.919 per gallon.

If Obama continues the current trend of blocking drilling and the construction of new refineries, the cost of regular gasoline will soon surpass $4.00 per gallon. We can anticipate $5.00 gasoline this summer

When the cost of oil reached $147 a barrel in July 2008, President George W. Bush acted to quickly bring down the cost of oil. He lifted the Executive Ban on offshore drilling on Monday 14 July 2008. For the next 3 days, crude oil prices tumbled. The price of oil dropped to $32 a barrel by December 2008.

With the World’s largest oil reserves, the market realized the United States could easily produce sufficient oil to flood the market. The oil bubble burst with the simple action of allowing more drilling in the United States.

Reducing the cost of oil is not the goal of Obama. China is drilling for oil off the coast of Cuba, and US companies are banned from drilling for that same oil.

Obama shut down drilling for oil in our Gulf of Mexico, other offshore areas, and locations in Alaska. The Obama Administration scrambles to shut down more of our energy production.

Obama’s energy policies are also driving up the cost of food. The diversion of large amounts of our corn crop into energy production not only increases the cost of oil but also raises the cost of food worldwide. Since corn is a raw material used in numerous products and a major source of animal food, corn plays a major role in our economy. Corn and other grain products are in short supply worldwide due to the diversion of corn into fuel production.

Our economy is in need of inexpensive and plentiful sources of energy and food. Neither of these are the goals of the Obama Administration.

If Obama were to remove restrictions on drilling and mining so the United States would be no more restricted in its drilling and mining than are Brazil, Venezuela, China, Russia, or Iran, one would think the Left should be satisfied. The Left never complains about the drilling and mining practices in these countries. Obama even encourages more drilling and mining in these countries and in the waters in which they have oil and gas.

If Obama were just to remove drilling and mining restrictions to bring us in line with a country like Brazil or Argentina, the price of oil and other commodities would drop. The price of gasoline in the United States would be approaching $2.00 per gallon this summer. This would be far better than $5.00 per gallon we will have because of the current restrictive and destructive course Obama is pursuing.

Source: Lubbockonline.com