OBama's gas-price plan

As oil hits $105 a barrel, the White House is getting defensive — fearing that $5-plus gasoline this summer might imperil the president’s re-election.

So President Obama is to publicly address the subject today. But does he even have a plan?
Perhaps as prelude, the White House yesterday declared that the president had no “responsibility” for gas prices — a hilarious take, given the gasoline-price scourging Obama laid on George W. Bush in 2008.
We’ll stipulate that pump prices are driven by many factors — not the least being Middle East uncertainty.

But if the American people think Obama hasn’t done everything possible to buffer oil shocks, there’s reason: He hasn’t.
The administration on Tuesday blamed last month’s shelving of the Keystone XL pipeline on “political” acts by Republicans in Congress. In fact, Obama ditched Keystone — which would have brought Canadian crude oil to Gulf Coast refineries — to keep his greenie base happy.

* Under Obama, the American Petroleum Institute notes, leases on federal lands in the West are down 44 percent, while permits and new well drilling are both down 39 percent, compared to 2007.

And the pipeline is but one of many Team Obama decisions that have left America’s oil supply more vulnerable to the vagaries of world events

In the wake of the BP oil spill, Obama shut down most Gulf of Mexico drilling; there’s been a 57 percent drop in monthly deepwater permits over the last three years, according to the Greater New Orleans’ Gulf Permit Index. * The EPA continues to block drilling off the coast of Alaska — where an estimated 27 billion barrels are waiting to be tapped.
Actually, perhaps there is a plan.
In a pre-nomination interview in 2008, now-Energy Secretary Steven Chu told The Wall Street Journal, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Mission accomplished?

source: new york Post Editorial

i thought by removing gadafi would lower prices.