According to an AP story, President Obama, who is feeling the pressure on gasoline prices, has a plan for action which comes down to the usual, instinctive reaction of those in political power who find themselves frustrated by events in the real world.
Mitt Romney's latest campaign ad says that President Obama's "attack machine" is "spending millions to sling mud, err oil at" the Republican candidate "because in the five states where Obama is attacking Romney, gas prices have roughly doubled."
A student in Norfolk, Virginia had a simple question for Vice President Biden: "Why is prices on gas increasing? You know what I mean?" Biden, after promising a "brief answer," takes 11-minutes not to answer the kid's question:
The Energy Information Administration—a federal agency—just released a report titled, "Sales of Fossil Fuels Produced on Federal and Indian Lands, FY 2003 Through FY 2011." The Institute for Energy Research summarizes the report's major findings:
-Fossil fuel (coal, oil, and natural gas) production on Federal and Indian lands is the lowest in the 9 years EIA reports data and is 6 percent less than in fiscal year 2010.
-Crude oil and lease condensate production on Federal and Indian lands is 13 percent lower than in fiscal year 2010.
It has been a tough week for the president. Just as things were supposed to be getting better for him—as they were for the economy—his support and approval ratings took a severe hit in two important polls. And then there was a survey that indicated that 80 percent of the population does not consider itself better off than it was four years ago.
Speaking at the University of Miami on February 23, Obama again revealed his remarkable gift for oratory. He denied any responsibility for the rising gas prices and instead took the credit for dramatically increased domestic oil production. This took real artifice.