Tea Party Nation has just blasted out an email blaming Obama for the rising gas prices (login required):
As we close out 2010, gas prices in much of the country crept about the $3 a gallon mark. In an interview a couple of days ago, the ex-president of Shell oil predicted $5 a gallon gas by 2012.
He is probably right.
Does anyone remember what Obama said when gas prices shot well over $4 a gallon in 2008? Then candidate Obama said he did not have a problem with gas being $4 a gallon or more. His problem was the sudden, sharp rise of the price. In other words, if the price gradually went up, he would not have a problem with it.
Gas prices were around $1.60 a gallon when George Bush left office. Bush, by lifting the executive order on off shore drilling, had poked a hole in the speculative bubble that had pushed oil prices to $145 a barrel. Bush did that in July and by December, oil prices had fallen to $30 a barrel.
Yes Bush did lift the ban, but once again fact it totally amiss with the rabid right. Do they really think that within a few months oil companies built and started operating a bunch of offshore platforms, which caused prices to go down? And if that is the case, why didn’t Bush lift the ban much earlier, when we were seeing gas prices over $4.00/gallon?