Carol Platt Liebau
Writing in The Wall Street Journal, Drew Johnson points out that no one -- not oil companies, gas station owners, or speculators -- profits more from high gas prices than the government does.  For example, Exxon made 7 cents per gallon; local, state and federal taxes combined for a whopping total of 50 cents.

In June of 2008, John Harwood interviewed candidate Obama:

HARWOOD: So could these high [gas] prices help us?

Sen. OBAMA: 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. But if we take some steps right now to help people make the adjustment . . . by encouraging the market to adapt to these new circumstances more quickly, particularly US automakers, then I think ultimately, we can come out of this stronger and have a more efficient energy policy than we do right now.

In other words, for then-Senator Obama, high gas prices weren't a problem, so long as the increases came gradually.  In fact, they were an opportunity for the government to "encourage" the market -- and automakers -- to operate differently. 

Well, we've seen what Obama's "more efficient energy policy" looks like: Solyndra, Fisker and the Volt (perhaps best described as "ObamaCar").  Not pretty.

Carol Platt Liebau

Carol Platt Liebau is an attorney, political commentator and guest radio talk show host based near New York. Learn more about her new book, "Prude: How the Sex-Obsessed Culture Hurts Young Women (and America, Too!)" here.