Obama: No Magic Bullet To Lower Gas Prices

OB DC400 0209ob G 20090209202427 300x200 Obama: No Magic Bullet To Lower Gas Prices

President Barack Obama says there is no easy answer to the problem of rising energy prices, dismissing Republican plans to address the problem as little more than gimmicks.

“We know there’s no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight,” Obama said Saturday in his weekly radio and Internet address. “But what we can do is get our priorities straight and make a sustained, serious effort to tackle this problem.”

Oil prices are approaching last year’s highs as tensions increase over Iran’s nuclear program. The rise pushed gasoline prices Friday to a national average of $3.65 a gallon, the highest ever for this time of year. A spike in gas prices is normal in spring, but it came earlier than usual this year in large part because of world fears that the growing confrontation with Iran will crimp oil supplies. Iran is the world’s third-largest crude supplier.

Read more at Official Wire. By Anne Gearan, AP.

Related posts:

  1. Obama Likes High Gasoline Prices But Won’t Admit It Energy Policy: If gasoline prices so far are any indication,…
  2. Flashback: Obama Promises Energy “Investments” Will Lower Prices The future President speaks to an audience in  North Carolina…

"Loophole" from Obama's IRS: Protect your IRA or 401(k) with gold and silver... click here to get a NO-COST Info Guide >

Comments

  1. BAH !!! Watch obasma, see, when his mouth is moving, he's lying his a** off. Fuel prices could be dropped signifigantly in 24 hrs or less.

  2. Mil62Patriot says:

    Obama, I have a magic bullet for you. My index finger at the polls in November 2012. I believe he used this same blah, blah, blah during his 2008 camapign to solve all these fake problems in this country ( you known, like Global warming). I have a magic bullet for this and that. Yeah right, blah, blah, blah. Your the reason people are leaving this country, you moron.

  3. The economy is so bad that I got a pre-declined credit card in the mail.

    I ordered a burger at McDonald's, and the kid behind the counter asked, "Can you afford fries with that?"

    CEO's are now playing miniature golf.

    If the bank returns your check marked "Insufficient Funds," you have to call them and ask if they mean you or them.

    Hot Wheels and Matchbox stocks are trading higher than GM.

    McDonald's is selling the 1/4 'ouncer'.

    Parents in Beverly Hills and Malibu are firing their nannies and learning their children's names.

    A truckload of Americans was caught sneaking into Mexico .

    Hillary took her stockbroker hunting.

    Motel Six won't leave the light on anymore.

    The Mafia is laying off judges.

    BP Oil laid off 25 Congressmen.

    Congress says they are looking into the Bernard Madoff scandal. Oh Great!! The guy who made $50 Billion disappear is being investigated by the people who made $1.5 Trillion disappear!

Speak Your Mind

*