Mon, May 28, 2012, 2:22 PM EDT - U.S. Markets closed for Memorial Day

Obama: Drilling alone is not an energy plan

Obama: Calls for more drilling are a 'bumper sticker', not an energy plan

MIAMI (AP) -- President Barack Obama on Thursday assailed Republicans for what he described as a flawed and dishonest strategy for reducing gas prices, predicting his rivals would offer nothing but more drilling and political promises of $2-a-gallon gas. Said the president: "The American people aren't stupid."

"That's not a plan, especially since we're already drilling. That's a bumper sticker," Obama said in a stop at the University of Miami. "It's not a strategy to solve our energy challenge. That's a strategy to get politicians through an election. You know there are no quick fixes to this problem."

Obama spoke as gas has reached the highest price at the pump ever for this time of year: an average of $3.58 per gallon. White House advisers see it as a cyclical occurrence but knew Obama had to address the topic, one of deep concern to consumers and growing fodder for Republicans seeking to unseat Obama.

Obama said gas prices were "like a tax straight out of their paychecks." He promoted an energy agenda of oil, gas, wind, solar, nuclear and biofuel energy.

And he took aim at Republicans.

"You can bet that since it's an election year, they're already dusting off their three-point plans for $2 gas. I'll save you the suspense: Step one is to drill, step two is to drill, and step three is to keep drilling. ... We've heard the same thing for thirty years. Well, the American people aren't stupid."

Obama insisted there are no short-term solutions to high gas prices, and that anyone suggesting otherwise was not being honest. Still, he sought to offer something to anxious voters by saying he had ordered his administration to search for every possible area to help consumers in the coming months.

He sought to take credit for rising oil and gas production, a greater mix of energy sources and decreased consumption. Ahead of a fundraising blitz in the evening, he promoted an energy strategy that the administration says will reduce dependence on foreign oil in the long term.

Republicans have seized on the issue, citing Obama's decision to reject a permit for a cross-country oil pipeline as evidence of a misguided policy. Former Pennsylvania Sen. Rick Santorum has warned of $5-a-gallon gas, while former House Speaker Newt Gingrich has said he could lower prices to $2.50 a gallon.

Obama aides worry that the rise in prices could reverse the country's economic gains and the president's improved political standing. A new Associated Press-GfK poll shows that though Obama's approval rating on the economy has climbed, 58 percent disapprove of what he's doing on gas prices.

White House officials point to increased oil production and decreased consumption as evidence that Obama's policies are working and will lead to greater energy independence in the long run. But they assert there is little Obama — or any president — can do to change the trajectory of prices now.

Despite more domestic oil and less consumption, "these prices are going up, and that tells you that there are other things beyond our control, like unrest in the Middle East or other factors like the growth of emerging countries such as China and India," White House spokesman Jay Carney said Wednesday.

To be sure, oil and gas production has increased during the Obama administration, though the trend began during the presidency of George W. Bush, according to the U.S. Energy Information Administration. The increase has reversed a decline that began in 1986, and the agency projects that by 2020 oil production will reach a level not seen since 1994.

The agency also has reported a drop in petroleum consumption, caused by the economic downturn after the 2008 recession, new efficiencies and changes in consumer behavior.

While in Florida, Obama also plans to raise money, including a $30,000-a-person event at the Windermere, Fla., home of Dallas Mavericks guard Vince Carter. An avid basketball fan, Obama will attend a dinner Thursday at Carter's house just three days before the NBA All-Star Game in nearby Orlando.

Obama also will attend fundraising events at the Biltmore Hotel and at the Coral Gables home of lawyer Chris Korge, a top fundraiser for Hillary Rodham Clinton's 2008 presidential campaign.

Last week, Obama took a three-day West Coast trip and raised about $8 million in eight campaign events.

 
  • Michael  •  3 months ago
    Why won't they allow Ford to sell the Fiesta model auto that sells is Europe be sold here in the USA? It gets 42 city 78 highway(mpg) and runs on a clean diesel engine. Who wouldn't want to be getting 60-70 mpg on average?
    • markH 3 months ago
      ask oboner
    • Magron 3 months ago
      LOL what makes you think they're not 'allowed' to sell it? undoubtedly a marketing decision on ford's part. americans have never bought high fuel efficency subcompacts in big enough numbers, idiot.
    • Richard 3 months ago
      That would make too much sense.
  • det198sw  •  Pittsburgh, Pennsylvania  •  3 months ago
    About 40 years ago we sat in gas lines, just wondering if we could get gas. Rationing was planned but never implemented. The politicians at that time were screaming they would come up with a national energy policy that would rid us of our dependence on foreign oil. About 40 years later we're still waiting and importing about 45% of our oil. Can we really take any of these clowns seriously? I think not.
    • lucifer for ebay 3 months ago
      yes they rationed it.You could only buy gas on even or odd days.They based it on your license plate numbers.
    • lucifer for ebay 3 months ago
      at least thats what they did in cal;ifornia
    • det198sw 3 months ago
      Lucifer, I stand corrected. You are right this was a form of rationing. I was refering to the ration tickets they were thinking of using but never implemented.
  • sebastian  •  Salinas, California  •  3 months ago
    We're being gouged.
    Gas was $4 a gallon in 2008 when oil was $147
    Now it's $4 a gallon with oil at $100.
    • Hottie 3 months ago
      Yeah, so blame THAT on the Prez. Gimme a break.
    • Tim 3 months ago
      Oil was only that high briefly before dropping quickly. Gas prices lag oil prices and never made that high. If oil would have stayed at $147 for a long period of time I bet we would have seen north of $5.
    • chitown 3 months ago
      Yep. Gas prices have gone up, despite INCREASED supply.

      More proof that "drill baby drill" is a bunch of garbage. The only people that benefit from that are those making money off of it.
  • The Ayatollah  •  3 months ago
    Make all Federal employees, including Obama and Congress, pay for their own gas on all non-essential government trips. It's easy to swallow $5/gallon when you're flying around the country for all these personal trips on the taxpayer's dime.
  • Mr Jimmy  •  Pittsburgh, Pennsylvania  •  3 months ago
    what about natural gas?
  • MC  •  3 months ago
    After taxes I had 236 dollars left after taxes from my $8 an hour job, It took half that to fill up my minivan for the week which gets 28 miles to the gallon. Do not tell me to get a more fuel efficient car as I am struggling to make the payments on this one. That leaves nothing to pay the rent or utilities or medical bills if I have any which since I have 2 children I probably will. Do not tell me I should not have had children. I had my children when Bush was president and had a good job. And do not tell me to go to college to retrain because I took out student loans to train for a job as a Dental assistant which pays $8 an hour and involves commuting to two part time jobs.
    • Walt 3 months ago
      But wall Street says everything is great...hang in there.
    • JimB 3 months ago
      What did you do with the money you made when you had a good job?
    • MK23 3 months ago
      Be sure to vote for Obama - again.
  • Tuf Nut  •  Colorado Springs, Colorado  •  3 months ago
    Hey Barry - where do you think oil comes from? You drill holes in the ground!! Wake up! Think more about this country and less about your political life! Believe it or not, EVERYTHING does not have to support your campaign.
  • MICHAEL  •  3 months ago
    How does the Keystone decision fit into an "all-of-the-above" strategy? What have they done to develop energy policy or new resources, other than shovel out taxpayer dollars under ARRA -- seemingly to connected firms to Solyndra, etc.?
  • top hat  •  Schenectady, New York  •  3 months ago
    "Obama: Drilling alone is not an energy plan"

    Neither is lip service.
  • Bubba in Beverly Hills  •  Louisville, Kentucky  •  3 months ago
    A dude with no plan shouldn't bad mouth someone else's plan.
  • Joe  •  Los Angeles, California  •  3 months ago
    Not drilling is NOT a viable energy plan. Sorry, mr president, that is Dopey plan!!!
  • J.C.  •  3 months ago
    What does this guy know? He's never so much as worked as an assistant clerk in a 7-11. He knows absolutely NOTHING about any business.
  • tarheel zeb  •  Henderson, North Carolina  •  3 months ago
    Okay Mr. Obama, You're so smart; tell us how you're going to lower these prices. I don't understand what makes you think drilling won't help. You haven't even tried it yet. When these Arab countries see that we're drilling here, they'll make sure that prices will go down. Way down.
  • Joey Biden  •  Northbrook, Illinois  •  3 months ago
    This entire administration is a Bumper Sticker.
  • wackamole  •  3 months ago
    Why doesn't the USA do what Norway and Brazil do (and Alaska for that matter) and join in with the oil companies in a public/private exploitation of oil coupled with shared revenue relative to offshore drilling activities and any drilling on government property?
  • Excelsior  •  3 months ago
    Who cares. Bernake is shorting the dollar to push the DOW to 13000. The peasants can eat dirt.
  • Jennie  •  3 months ago
    Just a lot of double talk and still no solution....Sounds familiar doesn't it?
  • Jennie  •  3 months ago
    You are right Obama, the American people are not stupid. They don't believe your lies anymore.
  • A.  •  3 months ago
    The high price of oil and other commodities is a direct result of the world's first ever central bank riot. If we don't get out the water cannons and hose this rabble off the streets, we're going to drown in a flood of phony money.
  • WILLIE B.  •  3 months ago
    RIGHT, THE AMERICAN PUBLIC IS NOT STUPID, BUT OBAMA SURE AS HELL IS.
    WE WILL NOW HAVE THE CUBA AND CHINA DRILLING OFF OF THE FLORIDA COAST, AND MEXICO OFF OF THE TEXAS COAST. YET, OBAMA HAS VIRTUALLY STOPPED PRODUCTION IN THE GULF, AND WON'T ALLOW NEW DRILLING ON THE EAST OR WEST COASTS, OR IN ALASKA. PEMEX OF MEXICO HAS ADMITTED THAT THEY DON'T HAVE EXPERIENCE IN DEEP WATER DRILLING. COMO SE DICE "BP REPEAT" EN ESPANOL. ALSO, WE KNOW THAT CUBA AND CHINA ARE A COUPLE OF REAL QUALITY REGIMES WHEN IT COMES TO THE ENVIROMENT.
    LET'S MAKE OBAMA ONLY FLY ON SOLAR POWERED 747'S.
 
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