Free Markets, Free People
For 25 years Democrats have been telling us that drilling for more oil isn’t the answer to high gas prices because it would take “3 to 10 years” to see the beneficial effects of increased drilling. And, consequently, they’ve done everything in their power to prevent more drilling for oil and gas.
Now, in an election year, with gas prices spiking, they’re getting a little panicky. Unfortunately for them, they have no answer to the problem. When President Obama continues to claim there’s no “silver bullet” for the problem, its because he and others have effectively stood in the way of increased drilling that would have indeed increased our domestic supply of oil for all these years.
As Kate B Hicks reports, the desperate President has a new plan. But, irony of ironies, you’ll have to wait 13 years to reap the benefits:
In his weekly radio and online address Saturday, Obama said Detroit automakers are on track to build cars that average nearly 55 miles per gallon by 2025, doubling current mileage standards.
"That means folks will be able to fill up every two weeks instead of every week, saving the typical family more than $8,000 at the pump over time," he said. "That’s a big deal, especially as families are yet again feeling the pinch from rising gas prices."
Not only will you have to wait 13 years, but you’ll have to shell out thousands of dollars for a new car. And oh by the way, that new car will cost thousands more than a new car now because of the added cost of complying with those new CAFE standards.
Seriously? Is this the best you have, Mr. President?
You should have stuck with touting the benefits of pond scum.