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Wednesday, April 04, 2012

Obama Sends Gas Prices Even Higher

In an Investor's Business Daily column this morning (see "Obama Alienates Canada And Mexico At Three Amigos") it is revealed that because of overt actions taken by the president of the United States, our neighbor to the north is raising the price it charges the U.S. for oil.

Way to go, Barry. Five dollar gas here we come:
Energy has become a searing rift between the U.S. and Canada and threatens to leave the U.S. without its top energy supplier.

The Winnipeg Free Press reported that Canadian Prime Minister Stephen Harper warned Obama the U.S. will have to pay market prices for its Canadian oil after Obama's de facto veto of the Keystone XL pipeline. Canada is preparing to sell its oil to China.

Until now, NAFTA had shielded the U.S. from having to pay global prices for Canadian oil. That's about to change.
Obama can take credit for a two-fer. A deteriorating relationship with Canada and higher gas prices at the pump, both a result of this lone effort to suck up to environmentalists at all costs.

You can expect, if he's reelected, for both to get much, much worse.

If ...