As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama says he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy. . . .
His remarks signaled a broad new appeal in the face of skyrocketing gasoline prices in the United States and they came as he reiterated a call for Congress to repeal oil industry tax breaks. . . .
The White House conceded that plan would do nothing in the short term to lower gasoline prices.
If Obama really believed in what he's saying, he would have made these proposals during the first two years of his administration, when his party controlled both houses of congress and there was a chance of them being enacted. Of course, during that time period, he was paying back his big campaign donors on Wall Street and in the energy industry. Now, he's engaged in political theatre, purely designed to avoid "a toll on politics" and which "the White House concedes . . . would do nothing in the short term to lower gasoline prices."
This is an "attempt to limit political fallout of surging gas prices", not a new energy policy.