President Obama continues his Global War on Cheap Energy, this time under the guise of avoiding “spikes” in gasoline (petrol) prices. He wants to pass gas without regrets and move post-haste to electricity and biofuels, although both are more expensive than gasoline and diesel for road and rail transport. According to the Associated Press, in a speech at the Argonne National Laboratories Obama said:
The only way to break this cycle of spiking gas prices — the only way to break that cycle for good — is to shift our cars entirely, our cars and trucks, off oil.
Let me start by saying that I’m greatly encouraged to hear that Obama has solved the problem of price variation in capitalist societies. It’s simple. Are you like me, bothered by gas prices going up and down, tired of seeing peaks and valleys in the cost of gasoline, fed up with price spikes because of e.g. unregulated speculation in commodities? The answer is obvious.
Stop using gas.
We can extend that to other areas, of course. Food prices spiking? Turn your food into gasoline, where there are no longer any price spikes. I see a future industry here …
I must protest, however, that his claim that shifting cars and trucks to electricity and biofuels will break the cycle of spiking gas prices is all too true … and that’s very bad news.
It’s bad news because the way he plans to get past spiking gas prices is to go to high, constant alternative fuel prices, higher than even the spikes of today.
And just as he promised … no spikes. The high prices, just like the outrageous thirty-cent per kilowatt-hours electricity prices in California resulting from this same kind of backwards thinking, get locked in by long-term contracts.
No more price spikes. What’s not to like?
Unfortunately, the brilliant Obama plan is the same trademarked plan the Government always seems to have, to wit:
THROW MONEY AT THE PROBLEM
In this case, it’s two BILLION dollars. With a B.Read the full story here.
The exchange starts at around the 1:50 mark. Obama tells someone concerned about gas prices to trade in that SUV. The exact quote is, “If you’re complainin’ about the price of gas and you’re only getting 8 miles per gallon…”Hmmm....The 'Messiah's' first muscle car? Chicago Jesus drove a Chrysler 300c Hemi.
I am astounded that Americans are willingly paying these prices for gasoline.
ReplyDeleteI have a friend who bought an electric car. The damn thing won't go more than 80 miles without needing a charge -- even fewer miles if she gets stuck in traffic.