Interesting editorial at the Christian Science Monitor:
But paying $4 at the pump is not really an emergency – based on Mr. Obama’s moves to wean Americans off oil.
His budget proposal last month, for instance, would repeal $46.2 billion in subsidies for the fossil fuel industry over the next decade – a move designed to raise oil prices in order to boost investment in renewable energy sources such as solar and wind.
Obama is also reluctant to expand offshore oil drilling. And he’s also trying to boost the sales of electric cars – something that won’t be easy if gasoline prices go down – as part of a broad government effort to reduce carbon emissions and boost energy security.
And they didn’t even get around to using his “skyrocket” quote, in which he spells out why his policies would increase the price of electricity, and why that would be a good thing.