“Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.”
— Steven Chu, President Obama’s Secretary or Energy in 2008
Gas prices are exactly where Obama wants them.
Billions invested in bogus and failing technologies. It’s easy to beat up on oil companies, however they average high tax rates and lower margins than many other businesses.
He ran as the anti-oil president and he is the anti-oil president. Now it’s time to reap what you sow. Obama owns the gas price issue.