With the turmoil in the Middle East, gas prices jumped a dime yesterday in my little town. Libya is a damned mess and Saudi Arabia is surrounded by countries in turmoil.
I notice that the moratorium on drilling in the Gulf is still in place. Oil reached $100 a barrel yesterday and there's not telling where it's going today and tomorrow.
We're still not out of the recession that began with the collapse of the financial institutions and inflation is beginning to rear its ugly head. For lots of families money is tight. An increase in gas prices isn't going to help anyone.
We can lay this one directly at our President's feet. With the mid East in turmoil and the drilling suspended in the Gulf, it's easy to see that supplies are going to be stretched and prices will increase. The President should have called this one months ago. He's certainly got better briefings every day than I do. We should be drilling everywhere that we've got oil. Drill the Gulf, drill the Pacific, drill off Florida.
The problem is, if he released the permits today, we'd still be months away from production. We should have been drilling these places six months ago. America needs to be energy independent and that's going to take time and effort. Our President has shut down much of what we need so that we can continue to move forward. The problems in the Middle East might not be his fault, but the moratorium on drilling is his fault.
When you pay that extra dime at the pumps, know that our President is only doing what's best for America.