In a recent email Brown says:
With the average price per gallon of gas in Ohio topping off at $3.85, small business owners and families are eager for economic relief. Daniel Jarvis, who owns his own independent trucking company in Ohio, recently joined me at a gas station in Northeast Ohio because he’s siphoning off more and more money to afford record-high prices at the gas station.
Ohioans like Daniel deserve relief from high gas prices.
While there’s no single silver bullet, one way to help lower them is to address speculation. As Ohio families struggle to afford gas, Big Oil companies and Wall Street investors are getting rich. Every time there’s an outage in a pipeline, or a fire at a refinery, or turmoil in the Middle East, oil companies and Wall Street speculators use it as an excuse to spike the price of oil.
I would like to hear Brown explain the differences between speculation and investors and corporations hedging their exposures to higher input costs. Does Brown have any evidence that speculators are behind the rise in gas prices?
In a recent email from the current occupant of the White House says:
When oil prices go down, will Obama reinstate subsidies? Of course, the President does not understand the free market system. There are times when companies lose money and there are times where companies make money, and in some times, they make a lot of money. Does that mean that they are evil? Does that mean that the government should limit their profits?
Charles Krauthammer at the Washington Post exposes the anti-oil Liberals here:
President Obama incessantly claims energy open-mindedness, insisting that his policy is “all of the above.” Except, of course, for drilling:
●off the Mid-Atlantic coast (as Virginia, for example, wants);
●off the Florida Gulf Coast (instead, the Castro brothers will drill near there);
●in the broader Gulf of Mexico (where drilling in 2012 is expected to drop 30 percent below pre-moratorium forecasts);
●in the Arctic National Wildlife Refuge (more than half the size of England, the drilling footprint being the size of Dulles International Airport);
●on federal lands in the Rockies (where leases are down 70 percent since Obama took office).
But the event that drove home the extent of Obama’s antipathy to nearby, abundant, available oil was his veto of the Keystone pipeline, after the most extensive environmental vetting of any pipeline in U.S. history. It gave the game away because the case for Keystone is so obvious and overwhelming. Vetoing it gratuitously prolongs our dependence on outside powers, kills thousands of shovel-ready jobs, forfeits a major strategic resource to China, damages relations with our closest ally, and sends billions of oil dollars to Hugo Chavez, Vladimir Putin and already obscenely wealthy sheiks.
Read the rest of this excellent anaylsis by Krauthammer here: