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Howey
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« Reply #30 on: March 11, 2011, 04:30:50 pm »

It comes as no surprise that the President is being blamed for increased gas prices.

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A senior US senator on Thursday ruled out violent unrest across the Middle East as a main cause of surging oil and gasoline prices, placing the blame instead on plans to curb greenhouse gases.

"A lot of people are saying that the gas prices that are going up are a result, partially, of what's happening over there. That isn't the real problem," said Republican Senator James Inhofe, his party's senior member on the Senate Environment and Public Works Committee and a climate change skeptic.

Inhofe said that "the real problem" was President Barack Obama's efforts to enact a cap-and-trade plan to curb emissions of greenhouse gases blamed by scientists for global warming.

Notwithstanding the turmoil in the Middle East, it's the same ol', same ol'.

Thankfully, the Prez has grown a pair:

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"Now, the hard truth is, is that as long as our economy depends on foreign oil, we'll always be subject to price spikes. So we've got to get moving on a comprehensive energy strategy that pursues both more energy production and more energy conservation. We need to increase our access to secure energy supplies in the near term, and we've got to make our economy more energy-efficient and energy-independent over the long run.

"Let me be more specific. First, we need to continue to boost domestic production of oil and gas. Last year, American oil production reached its highest level since 2003. Let me repeat that. Our oil production reached its highest level in seven years. Oil production from federal waters in the Gulf of Mexico reached an all-time high. For the first time in more than a decade, imports accounted for less than half of what we consumed.

"So any notion that my administration has shut down oil production might make for a good political sound bite, but it doesn't match up with reality. We are encouraging offshore exploration and production. We're just doing it responsibly."

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"So beyond increased domestic production, if we want to secure our long-term prosperity and protect the American people from more severe oil shocks in the future, the way to do it is to gradually reduce demand and then do everything we can to break our dependence on oil. [...]

"But the bottom line is this. We've been having this conversation for nearly four decades now. Every few years, gas prices go up; politicians pull out the same old political playbook, and then nothing changes. And when prices go back down, we slip back into a trance. And then when prices go up, suddenly we're shocked. I think the American people are tired of that."

I guess the upcoming Republican response to these smart words will be:

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Drill Baby, Drill!
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