To the Editor:
Then: Gas was $1.89 per gallon the week of Jan. 26, 2009 (President Obama was sworn in Jan. 20, 2009).
Now: Gas is $3.80 per gallon the week of Oct. 1, 2012 (U.S. Energy Information Administration).
Under President Obama:
1. The United States has given $2 billion in loans and loan guarantees to Petrobras, a Brazilian state-owned company to finance their oil exploration (largest individual stockholder – George Soros – a month after President Obama visited Brazil and said, “We want to help you with the technology and support to develop these oil reserves safely. The United States could not be happier with the potential for a new, stable source of energy. And when you’re ready to start selling, we want to be one of your best customers.”) The president of Brazil went to China and signed contracts to sell most of their surplus oil to two gigantic Chinese state-owned companies.
2. The United States has guaranteed a $1 billion loan to PEMEX, a Mexican state-owned oil company, to drill in the Gulf of Mexico.
3. The United States has guaranteed $3.72 billion in loan and loan guarantees to a Columbian state-owned oil company and its subsidiaries.
4. He refused to approve the Keystone Pipeline (which experts said would quickly produce 20,000 new American jobs and as many as 65,000 by 2020).
Yes, I know they say that even if we drilled in the U.S., it would be 10 years before we would see that oil. If we started drilling now, the price of oil would come down because the Middle East does not want us to be energy independent. (Saudi Arabia is financing a new anti hydraulic fracturing movie now.) Even if it took 10 years before the price of oil came down, we have to start sometime. If we were allowed to drill in 2007 when the environmentalists took the Bush Administration to court to stop the proposed drilling in Alaska, we would be looking at only five years from now before that oil would have been available.
This is only dealing with the price of gasoline and oil. Never mind that he told the former Russian president on an open mike to wait until he’s re-elected and will have more flexibility (to deal with more of our concessions on missile defense). Never mind: (fill in the blank), any number of other instances too numerous and lengthy to mention in one letter.
I have to ask: are you better off today than when President Obama took office?