Kimberley Strassel: Obama’s Gas Price Migraine

Ms. Strassel identifies several Democratic initiatives that are driving the price of oil and gasoline higher.

This is, after all, a White House that has put at the center of its domestic agenda its goal of a “green economy,” which hinges on making fossil fuels too expensive for Americans to purchase. In January 2008, candidate Obama told the San Francisco Chronicle that under his cap-and-trade plan, “electricity rates would necessarily skyrocket.” Steven Chu, now Secretary of Energy, told this newspaper in the same year: “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.” That would be, oh, $10 a gallon.

In March of last year, Mr. Obama reversed or scaled back nearly every major offshore oil opportunity that has come about since the price spike of 2008—effectively reimposing a moratorium on drilling off the coasts. His administration has killed leases in developmentally crucial areas of Alaska. His EPA has refused to issue permits. The White House used the BP oil spill as an excuse to also shut down the deep-water Gulf.

Onshore? Interior Secretary Ken Salazar has revoked oil-and-gas leases. The EPA is suffocating the coal industry with regulation. One of the president’s only clear State of the Union proposals was to raise taxes on oil and gas.

Here.

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