Rising Oil, Gasoline Prices Put Politicians on the Offensive
In a major speech on energy at the University of Miami, President Obama said rising gasoline prices are a “painful reminder” of the need for alternatives. He was on the offensive, trying to counter criticisms of the GOP presidential candidates—including Newt Gingrich, who promised he’d get gasoline down to $2.50 a gallon.
Countering calls to “drill, baby, drill,” Obama called the GOP candidates’ ideas “bumper sticker” strategies, “not a plan.” Reiterating his call for an end to oil and gas tax breaks, Obama called them “outrageous” and “inexcusable.”
Also, some Democrats called for dipping into the U.S. strategic oil reserves to try to bring down prices. However, this notion seemed based on the misconception that the availability of oil in the U.S. has