$4, $5 Per Gallon of Gas...McCain Was Right

In 2008, John McCain predicted that if Barack Obama was elected president, Obama's energy policies would see $4 +  per gallon of gas...McCain was right...




Obama's energy policies are predicated on the proposition that expensive costs would make 'green' energy sources financially viable. That's the only way that solar-wind production system will break even. That's why the Obama administation has enforced a moritorium on energy production off the coasts of the Carolinas and in the Gulf of Mexico as well as shale oil in western states, much less Alaska.

In 1995, the Clinton administration denied further exploitation of Alaskan oil fields on the rationalization that it would take 10 years for those fields to produce oil...that was 17 years ago.  The current administration is content to deny the construction of the Keystone pipeline that would rapidly bring Canadian shale oil to refineries along the Gulf coast.  I suspect that's because a number of his larger donors (George Soros being one) own stock in the rail companies what are currently making huges sums of money in shipping that oil via the more expensive rail routes.