$5 Gas - Thanks Obama

Get Ready for $5 Gas This Year: Ex-Shell CEO

“ I'm glad I'm dead                                            ” Hofmeister is not the first to predict rising gas prices, although others have forecast a rise to $4 a gallon. He said while the Obama administration “is doing victory laps” about new rules to raise domestic energy production, there are still permitting delays for oil drilling in the Gulf of Mexico. The possibly temporary defeat of TransCanada’s [ TRP 41.53  -0.33 (-0.79%) ] Keystone Pipeline project throws in another monkey wrench. In short, there should be more domestic drilling, not less, and the administration has done little to encourage it, Hofmeister said. “We have not had the kind of public policy support for domestic natural resource production increases that would carry through into market prices in the United States given the global demand and geopolitical uncertainty that comes out of the [Persian] Gulf daily,” he said. [Full] Translation:  Obama has been undermining the economy of the United States going forward. cuzzin ricky