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Gingrich Blames Obama For High Gas Prices

Keynote speaker of GOP California Convention pounced on President Obama during afternoon address.

Presidential hopeful Newt Gingrich blamed the Obama Administration for the recent spike in oil prices and promised supporters at the California Republican Convention today that he would sign an executive order if elected to approve the Keystone XL pipeline project.

With dozens of supporters holding “$2.50 a gallon” signs behind him during his speech at the Hyatt Regency San Francisco Airport Hotel Saturday, Gingrich admonished what he called the Obama Administration’s systemic failure in energy policy, and accused it of deliberately raising gas prices.

“When you fill up your tank, you can think of gas prices as the Obama tax,” he said.

The national average for a gallon of unleaded gasoline was $3.67 as of today, according to AAA.

Gingrich told the crowd of about 450 supporters that America must claim independence from the Middle East and other oil producing countries, and show that “if the strait of Hormuz were to be closed, we frankly wouldn’t care.”

In January, Iran threatened to close the strategic oil shipping route. The Pentagon plans to bolster US defenses around the Strait of Hormuz to prepare for a potential closure, the Wall Street Journal reported today.

Gingrich also criticized Obama for recently apologizing to Afghans after anti-American protests erupted throughout Afghanistan earlier this week when Qurans were found burning in a garbage pit at a U.S. military base. 

“If you believe that America is weak and we should go around apologizing to the world, then Barack Obama is your candidate,” Gingrich said.

He emphasized that Obama’s strict oil exploration and drilling policies are inexorably linked to higher gas prices and greater reliance on foreign oil. 

“We need to go on an all out effort to produce our own energy so we don’t care what Iran does,” he said.

Gingrich wants to ease restrictions on off-shore drilling and eliminate the ban on oil shale development in the American West. Oil shales are fine-grained sedimentary rocks from which combustible gas can be extracted. But although abundant, shale oil costs more to extract than crude oil, according to the World Energy Council.

Gingrich also ridiculed Obama for believing alternative energy sources, such as Algae-based fuels, will solve America’s energy needs. Although Gingrich believes in investing in alternative-fuel technology, it is implausible that it will be a scalable energy source in the next decade, he said.

“The president is for any fantasy that doesn't work today. Solyndra might work in 30 years,” Gingrich said.

Sharing a displeasure for Obama’s Administration, former Republican candidate Herman Cain also attended the convention to support Gingrich.

“Our biggest domestic challenge is the sluggish economy,” Cain said. “Newt’s economic plan starts with the same premise mine started with. We haven’t gotten Newt all the way to the 9-9-9 plan, but he’s closer than everyone else.”

Gingrich criticized other Republican candidates for “ignoring California” and focusing only on “Republican” states.

“I am running to be a president of all the people,” he said. “I want to run an American campaign, which has to be designed to reach every American to give them the choice.”

After today’s speech, Gingrich will fly to Georgia, one of the 10 states to hold primary elections on Super Tuesday. His sole victory was in South Carolina on Jan. 21. Arizona and Michigan will hold their primaries on Feb. 28.

 

 

 

Brash Brazen February 28, 2012 at 06:34 PM
The Keystone Pipeline will in fact raise the price of gasoline. The present lack of distribution capability has caused a glut of oil in the Midwest resulting in a discounted price for crude oil. This up to $30.00 per barrel discount is the reason that gasoline is up to a dollar per gallon cheaper in the MIdwest. Once east access to the Texas refineries is established not only will this discount disappear,but nothing will keep them from exporting this gasoline at a wider margin raising prices for everyone nationwide. America is extracting more oil today than anytime in the last ten years. It's increased worldwide demand (China,India,Japan & Eastern Europe) & fear of war with Iran that have caused oil prices to soar & there is little that a Democrat or Republican administration can do to remedy or rectify the situation. Furthermore it's not President Obama blocking pipeline construction as the Republican controlled Nebraska legislature that hasn't determined which route it should take. When you take all the facts into consideration it's just another instance of knowing that Newt is lying to us again ! How can you tell if Newt is lying to you ? His mouth is moving !!!
Jim February 28, 2012 at 09:45 PM
Making such a statement shows Gingrich is a Moronic Idiot. He lacks any brains so how could he be elected President.
Summer Hemphill February 28, 2012 at 09:59 PM
I read that a pipeline operator in Texas is planning on reversing the direction that the crude presently flows shortly & that the $30.00 per barrel discount in the Midwest will soon be $5.00 or less. Leave it to the oil refiners & pipeline operators to figure out a way to maximize their enormous profits at the expense of consumers once again ! With the close proximity of the Bay Area to major refineries & tanker wharves why is the gasoline we buy here the most expensive in the nation ? Greed,pure & simple greed !!! And everyone knows which party represents the rich,greedy,1%ers - Republicans !!!
Pretty Asian... March 19, 2012 at 08:18 PM
GEORGE: who decides on oil hike?
Andy C March 20, 2012 at 08:50 PM
Obama was elected so there is your answer.

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