The left's conspiracy to raise energy prices
Image via WikipediaDavid Hirsanyi:
It's about time the administration began taking on the ogres of the left's imagination seriously. Attorney General Eric Holder has formed the "Oil and Gas Price Fraud Working Group to Focus on Energy Markets" to expose the speculators, the gougers and those fat cat millionaires. And if we can't confront make-believe distractions with "working groups," well, we are surely a nation in decline.So why are they acting like they have a problem? I think it is because they are jealous of the "speculators." They see those price increases as something that should accrue to the government under a cap and trade scheme they pushed. For non government entities to reap the benefit of their policy goals is more than a distraction. They are like thieves who see someone else's property as their own.
But of course, Holder will find the biggest frauds right in his administration, which -- as a matter of policy, as a matter of faith -- believes the price of fossil fuels ought to be extortionate and has done all it can to ensure it.
The left's "energy" initiatives of the past decade -- the entire purpose of energy policy, in fact -- have been aimed at artificially driving fossil fuel prices up to incentivize the bitter clingers to embrace the government's Utopian energy schemes. No secret has been made of it. In 2008, candidate Barack Obama was asked by CNBC's John Harwood, "So could the (high) oil prices help us?" Obama: "I think that I would have preferred a gradual adjustment." Sudden spikes are bad (politically speaking), but gradual price spikes? Helpful. That same year, current U.S. "Energy" Secretary (then just a zany professor) Steven Chu clarified that "somehow we have to figure out how to boost the price of gasoline to the levels in Europe."
Who says this administration doesn't get things done?
If they were really concerned about lowering the price, all they would have to do is open up offshore drilling and drilling in Alaska and the price would drop immediately. (See the post below, that explains how President Bush lowered prices with just an executive order.