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Will Forecast of Rising Gas Price Affect Presidential Race?

goper Wrote: Oct 06, 2012 11:02 AM
Under the Obama Administration, leasing and permitting on federal lands and offshore are down by half. Last year, oil and gas production on federal lands plummeted. Today, the Gulf of Mexico is producing hundreds of thousands fewer barrels per day than expected. And the EPA predicts that another coal power plant will never be built in this country.
Drifter33 Wrote: Oct 06, 2012 11:05 AM
Your description is accurate, goper.

There is no doubt that Obama owns high gas prices. His policies have brought them to us, gift-wrapped (at taxpayer expense).
goper Wrote: Oct 06, 2012 11:03 AM

And yet, rather than embrace the revolutionary innovation in the private sector that could pave the way for energy independence and an economic resurgence across the nation, President Obama’s plan for a second term is to double-down on the failed policies of the first.
goper Wrote: Oct 06, 2012 11:03 AM

Meanwhile, the President’s “green energy” agenda has been nothing short of a disaster. Demonstrating his poor understanding of the private sector, he has treated Washington bureaucrats like market-savvy investors, borrowing and spending tens of billions of dollars to subsidize his chosen companies and technologies. But the “five million” green jobs he promised in 2008 has resulted in only “thousands” of jobs that he could celebrate 2012. Companies like Solyndra have gone bankrupt and the wind industry has shed 10,000 jobs.

The Drudge Report is cheekily labeling an article about the outrageous gas prices and gas shortage in Southern California the "October Surprise." While it's unlikely even $4-$5 (and up) a gallon gas prices will turn Californians into Romney fans, CNBC is reporting that gas prices are likely to keep rising in October:

"It will only take another refinery issue and a bit more of geopolitical noise to have the first U.S. election at a US average gasoline price of $4 a gallon," says energy analyst Olivier Jakob of Petromatrix

Also contributing to the problem...