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Politics Aren’t High Gas Prices What Democrats Want?

David Harsanyi is a columnist and senior reporter at Human Events.
David Harsanyi is a columnist and senior reporter at Human Events.
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Gas prices are spiking. That’s great news, right? We have to wean ourselves off the stuff. At least that‘s what we’ve been hearing for years. Oil is dirty. We import it from nations that hate our guts (like Canada!). And moreover, we’re running out. Oil is “finite.” Finite much in the way water is finite.

So why aren’t Democrats making the case that the spike in prices is a good thing? Isn’t this basically our energy policy these days? How we “win the future”? If high energy prices were to damage President Barack Obama’s re-election prospects, it would be ironic, considering the left has been telling us to set aside our “dependency” — or, as our most recent Republican president put it, “addiction” — for a long time.

If Democrats had their way, after all, we would be enjoying the economic results of cap-and-trade policy these days — a program designed to increase the cost of energy by creating false demand in a fabricated market. As the theory goes, if you inflate the price of fossil fuels, the barbarians might finally start putting thought into how peat moss might be able to power a toaster.

In 2008, Steven Chu, Obama’s (and, sadly, our own) future secretary of energy (sic) lamented, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” The president, when asked whether he thought $4-a-gallon gas prices were good for the American economy, said, “I think that I would have preferred a gradual adjustment.”

How gradual? Like, what, four years? Or is it eight?

Part of “figuring it out” surely had something to do with the recent decision by Obama to nix the Canadian Keystone XL pipeline project that would have pumped 700,000 barrels of oil per day into the United States. More oil just means more excessive, immoral, ugly energy use.

Well, get used to it. You can’t take three steps without stepping over some potential 10-billion barrel reserve of dead organisms.

According to the Institute for Energy Research, there is enough natural gas in the U.S. to meet electricity demand for 575 years at current fuel demand, enough to fuel homes heated by natural gas for 857 years and more gas in the U.S. than there is in Russia, Iran, Qatar, Saudi Arabia and some place called Turkmenistan combined. Oil? The U.S. Energy Information Administration estimates that the United States could soon overtake Saudi Arabia and Russia to become the world’s top oil producer. There are tens of billions of easily accessible barrels of offshore oil here at home — and much more oil around the world.

Yes, gas prices have spiked an average of 14 cents a gallon in the past month and about 30 cents a gallon since last November, according to AAA. Oil prices jumped to a nine-month high — more than $105 a barrel — after the Iranians shut down their own energy exports to Britain and France so they could start a much-needed nuclear program, which is, no doubt, for wholly peaceful purposes.

Given the fungability of commodities and the track record of civilization in the Middle East, we’ll likely always have to deal with occasionally painful fluctuations in the price of energy, regardless of what we do at home — drilling and new pipelines included. Still, fluctuations have a lot better track record than price controls.

Subsidizing quixotic green companies or creating carbon credits won’t stop the rules of basic economics. If the gas crunch starts hitting the economy, it’s doubtless that we will get an earful of populist hand-wringing and that we’ll hear the administration once again blame wealthy speculators and nasty oil companies.

Yet in the end, high gas prices are part of the plan. This is what the administration wants.

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David Harsanyi is a columnist at The Blaze. Follow him on Twitter @davidharsanyi.

 

Comments (7)

  • jimboskype1939
    Posted on March 20, 2012 at 5:46am

    Oil prices depend on the amount of Exportable Oil on the world market and both China and India are making sure that they get more and more of it.Plus all the major oil fields of the world are producing about 5 percent less per year-and that is NOT being effectively replaced. Obama and his administration [as well as prior ones] are guilty of genocide: By pushing ethanol for cars they have driven the price of corn to such heights that MILLIONS of children throughout the Third World are going hungry tonight. And tomorrow does not look any better !

    Report Post »  
  • countrysideflair
    Posted on March 16, 2012 at 8:55pm

    No, not before the election. It was a miscalculation. High gas prices AFTER Obama is re-elected is good! Before…? BAD!

    Report Post » countrysideflair  
  • On The Silent Wings Of Freedom
    Posted on February 27, 2012 at 12:18am

    “Under my plan, energy prices will necessarily skyrocket.”
    B H Obama

    I wonder which part of that people don’t understand?

    Report Post » On The Silent Wings Of Freedom  
  • RayOne
    Posted on February 25, 2012 at 7:34am

    Don’t dilute the Issue.
    This IS what This WH Wants, period.

    Report Post » RayOne  
  • DaveOregon
    Posted on February 23, 2012 at 9:59pm

    There are a lot of causes to high energy pricing – speculation is one. Waht I’d like to know as we are all aware of the insider trading congress is engaged in – is how many are engaged in futures? Are they making $$ of the speculators? If we could be allowed to increase refining, costs would go down. I don‘t want the Fed’s requiring gasoline refiners to sell here at home first or not allow shipment of product overseas – that’s Communism. Getting the dollar strong again would help; allowing more refining and interstate transport of crude. Instead of paying subsidies to the government for crude/NG taken from Federal land – you could adjust the price of refined products by the amount of the subsidies for US sold gasoline/desiel/etc.

    Report Post »  
  • Littlebit1776
    Posted on February 22, 2012 at 8:24pm

    real reasion gas price are up so high is our $ MONEY $ is worth 65% of what is was when Oboma came into office.

    Report Post »  
    • lylejk
      Posted on February 23, 2012 at 2:28pm

      Partly agreed. Still, I watched Bill O’Reilly the other night with Lou Dobbs and Dobbs said the oil companies are shipping refined potroleum products overseas which, arguable would increase our cost for this product. Here’s my take so call me a communist if you have to but, until gasoline goes below $2.50/gallon (and even that’s too high), we should not allow oil refineries to ship their products overseas period. People say we are in a global economy. Prior to NAFTA/GATT, we were doing quite fine and I don’t want to be in a global economy if it means bankrupting our citizens. ‘Nough said. :)

      Report Post » lylejk  

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