It's about time the administration began taking on the ogres of the left's imagination seriously. Attorney General Eric Holder has formed the "Oil and Gas Price Fraud Working Group to Focus on Energy Markets" to expose the speculators, the gougers and those fat cat millionaires. And if we can't confront make-believe distractions with "working groups," well, we are surely a nation in decline.
But of course, Holder will find the biggest frauds right in his administration, which -- as a matter of policy, as a matter of faith -- believes the price of fossil fuels ought to be extortionate and has done all it can to ensure it.
The left's "energy" initiatives of the past decade -- the entire purpose of energy policy, in fact -- have been aimed at artificially driving fossil fuel prices up to incentivize the bitter clingers to embrace the government's Utopian energy schemes. No secret has been made of it. In 2008, candidate Barack Obama was asked by CNBC's John Harwood, "So could the (high) oil prices help us?" Obama: "I think that I would have preferred a gradual adjustment." Sudden spikes are bad (politically speaking), but gradual price spikes? Helpful. That same year, current U.S. "Energy" Secretary (then just a zany professor) Steven Chu clarified that "somehow we have to figure out how to boost the price of gasoline to the levels in Europe."
Who says this administration doesn't get things done?
What we need are clean energy investments, properly inflated tires, Chinese-style rail systems -- all free of the distraction of capitalism. Also, we must rid the nation of oil subsidies. This I completely support, as long as the funds are reinvested into projects beneficial for the struggling American worker, say, bike planes or public service announcements.
We all, you see, have to make adjustments. As President Obama explained, "if you're complaining about the price of gas and you're only getting 8 miles a gallon ... you might want to think about a trade-in." What kind of trade-in, sir? Let me guess. A $41,000 economy-class government-made Chevy vehicle (a real cost of 100K-plus without taxpayer support) that plugs into expensive government-subsidized energy produced by the sweet howling wind? Yes, these are the serious people.