Over at the Washington Post, Jennifer Rubin, just back from vacation is blogging up a storm and her posts are, as always, well worth your time. She mocks “the media horde” who, “like a moth to the flame”, have been congregating “around the egomaniacal Donald Trump.” She asks if the president is going to “allow Gaddafi’s mercenaries to act with impunity“. She critiques his “half-hearted Middle East policy.”
And, she notes, as the cost of a gas climbs toward $5 a gallon, at least here in California, this new kind of politician has turned to a page from the old Democratic playbook and decided to blame the oil companies for rising prices, devoting “his Saturday radio address to the issue of rising gas taxes”.
The problem, however, is not big, bad greedy oil companies, but the big, strong regulatory apparatus of the federal government, preventing companies from drilling for oil on our own shores and for developing, free of the hand of state intervention, new sources of energy. Indeed, the Obama Administration, Rubin reminds us, has “helped restrict domestic supply.” When we could pump more oil, we increase domestic supply. A greater supply means lower prices.
Thus, “If Obama,” she concludes, “wants to do something productive, he’d open up new domestic sources of oil and natural gas instead of new inquisitions of energy executives.” Exactly.
With his push for “‘clean-energy’ government subsidies”, the president pulls another page from his party’s playbook, calling for the federal government to “fix” a problem the federal government created — and not by eliminating the source of the problem, but instead by compounding. More government intervention as the answer to the failure of government intervention.
Without strict federal regulation over our natural resources, we could pump a lot more oil in the United States, thus sending fewer dollars overseas and keeping gas prices lower across the country.
UDPATE: Doug Ross provides one example of how the administration is keeping gas prices high: “the EPA,” he reports, has “blocked Shell Oil’s second effort to drill an exploratory well in Alaska’s Chukchi Sea.”