Obama: McCain’s Plan To Lower Gas Prices By Allowing More Drilling For Oil “Makes No Sense”

Obama can’t make sense out of the idea that drilling for more oil, thus increasing oil supplies to meet rising oil demand, will lower gas prices despite the fact that it’s a basic example of the bedrock economic principle which rules our economy.
Hey, the guy puts on a good show in front of an audience. Nobody ever accused him of being all that smart.

CHICAGO (AP) — Barack Obama said Friday that presidential rival John McCain’s proposal to allow offshore drilling “makes absolutely no sense at all” as he headed to Florida to put the Republican on the spot over the issue.
Obama said opening up the U.S. coastline to oil exploration would not give Americans any appreciable savings until 2030.
“Even then you’re looking at cents on a gallon of gas,” Obama told Democratic governors at a meeting in his hometown. “Who knows 22 years from now, what would gas be at the pace that we’re going right now?”

With that last quote Obama unwittingly puts his finger on the problem with his opposition to new oil drilling: We don’t know what the oil markets are going to be like 10 years from now. Heck, we don’t even know what the markets are going to be like next week. Which is why the ups and downs of the oil markets are constantly being reported in the media.
Because of this, no single leader or group of leaders can command a market and expect positive results on a regular basis. Twenty-two years from the now average fuel efficiency of American vehicles could be 200mpg and our domestic oil supplies might be all we need for the next 200 years. Twenty-two years from now we might not even need gasoline to power our vehicles? Who knows?
Nobody. Which is something that we do know. Barack Obama has no idea what this country’s energy situation is going to be in the coming decades. So because of that, we should use the resources we have at hand. Right now, until something better comes along that can be a viable alternative in the energy market, that’s oil.
So let’s get more of it already and quit quibbling about whether new wells in Alaska and off the coast of Florida are going to drop per-gallon gas prices by a dollar or by just a few cents.