Wednesday, March 21, 2012

KCI - The Engineers, Engineers specialized in Oil & Gas, Complex Structures & Renewables

President Barack Obama’s energy plan involves radically increasing gas prices to the European rate of $9-10 a gallon. And he’s well on his way by more than doubling prices at the pump since entering office in January 2009, when gasoline was only $1.79 per gallon. Here’s how he schemes to double prices again in his second term, with you footing the bill.

We’re all being gouged at the pumps.

And the reason for soaring gas prices?

According to President Obama, it’s not because of anything he has done: including devaluing the dollar via his disastrous economic decisions, closing federal lands for oil production opened by his predecessor, passing cap-and-trade legislation in the middle of the worst economy since the Great Depression, or refusing to stand strong against the regime in Iran, which controls 20 percent of all global oil supply via the Strait of Hormuz.

President Obama would do well to take the advice of former Sen. Obama, who said in 2006 about possible $3 a gallon gas: “The time for excuses is over.” Read More