Oil Is Now Up $82 a Barrell During Obama Presidency

While new barriers to production of domestic energy are erected every day by the White House, citizens are increasingly taking note of their bills at the gas pumps. Crude oil was trading at $30 a barrel on the day President Obama took the oath of office. Today Brent North Sea crude Brent topped $126 in hectic trading. Gas prices have also skyrocketed. Apparently President Obama's policy of choking domestic production isn't the only problem. His latest decision to make a military incursion into Libya poses a real threat to international supplies. Strikes on Libyan fields by forces loyal to Muammar Qaddafi seem increasingly likely to create new global shortages. On a related note, the U.S. dollar fell to the lowest level in more than a year against the euro. The bottom line is markets are signalling that the "Green Agenda" of the Obama administration has a steep cost and the American consumer is going to be paying up. While the travel plans and carbon fuel consumption patterns of the climate change titans like President Obama and former Vice President Al Gore have not changed (both Nobel Prize winners) no doubt the vacation plans of many working Americans may be re-worked very soon.

On deck for America are uneconomical wind and solar plants made possible only by billions in taxpayer dollar subsidies. Many estimates peg the price of electricity tripling in some markets as the administration's traditional energy hating regulators at the EPA effectively shut down coal-fired plants in places like Farmington, New Mexico. The enemy according Obama EPA appointees? The gases plants cannot live without (CO2). What can New Mexicans do as their energy costs skyrocket and their discretionary income plunges? Keep digging into their wallets and purses and cutting back on their purchases. And come 2012 they should realize they will get another chance to think more carefully about who the reigns of government get handed to. Others have big plans for this weekend. They will be clearing away hundreds of pounds of dead native plants in their yards that died thanks to record cold temperatures in February.  Do not despair! As you refill your gas tank on the way home from the landfill, at least you can take great comfort in knowing that as you pay up for gas and electricity that you will be saving all of us from the horrible threat of........global warming.  Madness?

Oil Is Now Up $82 a Barrell During Obama Presidency