Obama fails on $10 gas- takes credit for oil boom-
What a joke! President Barack Obama hates oil and capitalism for that matter. He wanted gas prices to go through the roof during his years in office and he’s done everything he can to make that happen but without success. He has overseen a reduction of energy drilling and production by 6% under his administration. He hired Steven Chu as Secretary of Energy. Chu famously declared in 2008 “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.” Chu actually wanted to punish American consumers with gas prices in the $9 to $10 a gallon range.
But don’t let that fool you. The President is actually the one behind the cry ‘drill baby drill…”. Well if you believe him anyhow. He is taking credit for the gas prices that are well below $2 dollars a gallon and saving us billions at the pump!
The truth is Obama had nothing to do with lowering gas prices- entrepreneurs did. Real American businessmen made that happen.
The truth is a funny thing.