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Tag: Energy prices

Congratulations Barack, Dad Will Just Stay Home

By Rougman, Section News
Posted on Thu Feb 23, 2012 at 02:42:23 PM EST
Tags: Energy prices (all tags)

And wasn't that the point all along--getting consumers to reduce the amount of gasoline (and other energies) that they consume? After all, didn't then-candidate Obama tell us that energy prices had to necessarily skyrocket? Didn't he tell us that a slow increase in gas prices was a good thing? Didn't Sec. of Energy Stephen Chu admit his pining for European level gasoline prices? Didn't Interior Sec. Ken Salazar effectively (and illegally) remove millions of acres of approved offshore oil fields from exploration and drilling? Didn't Hillary Clinton's State Department, despite years of study and affected state approvals, put the kibosh on the Keystone Oil Pipeline in order to keep oil off the market?

Incidentally, this morning gasoline hit $4.59 a gallon in Oscoda County. (That's $1.15 a quart for those traveling short distances.)

And Barack Obama saw all this and said that it was good.

High prices are good because of the choices they force on people. This is the one economic truth that has permeated progressive politics--that is, except in the case of higher taxes which are truly designed to produce tons more revenue! So, except in the case of taxes, higher costs and prices will result in fewer purchases of the product in question.

Consumers, subjected to those beloved skyrocketing energy prices, will buy less of it. When faced with a shrinking disposable income, consumers make choices. They set priorities. They deny themselves pleasures for need of necessities. Once they buy a 4-pack of the new Chinese produced and Fred Upton mandated mercury engorged CFLs at the Home Depot, they will forgo McDonalds for fear of coasting back to Oscoda County on fumes.

And Barack Obama sees this and says that it is good.

One such consumer is my Dad. He is 92 years old, on a fixed income, too blind to safely drive, and an all around cheapskate--a condition that predates high oil prices. He doesn't need to go much of anywhere even though my Mom would like to get him out of the house once in a while.

(4 comments, 661 words in story) Full Story