"History is a wonderful thing, if only it was true"

Sunday, June 12, 2011

High Oil Prices ...a drag on the economy

Guess you can't have your cake and eat it too.
The administration cannot afford, for votes, to admit policy of high oil prices

For Obama, High Oil Prices Have a Green Lining - BusinessWeek:

"Truth be told, higher prices are what it takes to change the energy consumption habits of large numbers of Americans. 'Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,' Energy Secretary Steven Chu told The Wall Street Journal in 2008 when he was director of the University of California's Lawrence Berkeley National Laboratory. Chu has backed away from that view since taking office."

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