Obama Encourages Rest of World to Drill for Oil So We Don't Have To
April 27, 2011BEGIN TRANSCRIPTRUSH:
Edmonds, Washington. Hi, Tony. You're next on the EIB Network. Hello.
CALLER: Hi, Rush. Say, I'm kind of reluctant to bring up this point because it might tip the administration off but these yahoos are so ideologically driven that they wouldn't do anything about it. Oil prices peaked right at the point that Bush announced that he would repeal or remove the executive order restricting the ability to drill offshore -- and I mean that was, what, September '08? It was like a week before everything collapsed financially, and nobody seemed to talk about the oil issue after that because oil started dropping. But it peaked like right at that day or the day before he announced that.
RUSH: Okay. So your theory is that Obama might repeal his moratorium --
RUSH: -- in time to cause the oil price to drop, the gasoline price to drop to show, "Hey, see what I did"?
RUSH: Okay. Well, you said you didn't think they could do it because they're too ideologically corrupt. Let me tell you about that. I can see that, and I can understand how people think that, but I also know this: I also know that Obama doesn't want the price of gasoline to come down too much. Obama hates oil. Look, folks, let me find it here in the story. Get this. If this doesn't say it, I don't know what does. Reuters story: "President Barack Obama on Tuesday urged world oil producers to lift crude output, as he sought to deflect public anger over high gasoline prices that has hurt his popularity among voters." Now, the original headline for this story was "Obama Presses Oil Producing Nations to Boost Output," but the editors realized that "presses" was a little too bellicose for our courageous president.
So "urges" became the word. But here he is and if you read the whole story, Reuters is trying to make it out like the Republicans are using high gasoline prices to hurt Obama. Never mind they hurt everybody. But what about the hypocrisy here? How come if all these foreign countries increase their output of oil -- in other words, if foreign countries do their own "drill, baby, drill" -- that will lower the price of gasoline, but it won't lower the price of gasoline if we produce more domestically? "Obama Urges Oil Producers to Increase Output to Lower the Price." Would you ever read, "Obama urges domestic producers to increase..."? No! He is hamstringing domestic production, and he also knows that these foreign producers are not gonna do it just because he says so.
Look, his entire economic plan -- green energy and all that -- depends on rising energy prices.BREAK TRANSCRIPTRUSH: So we can't drill our way out of the problem, but they can. They can drill our way out of the problem. All these foreign producers, yeah, if they just drill more, if they just up their output, yeah, baby, yeah, that helps us. Obama says there's not a silver bullet to lower gas prices. But there is. It's called boosting production. It's worked every time it's tried. And the caller was right. In 2008 when Bush announced the end of the Gulf drilling moratorium -- this was after Katrina -- folks, the barrel price of I'll literally fell off of a cliff. I have the chart. I could show you on the Dittocam. The price just fell. So the caller could be right. This could be a giant scam Obama's setting up to end his drilling moratorium in the Gulf a year from now causing the oil price to plummet and gas prices to do likewise. It wouldn't be the first time something like that happened in politics. Trump's totally capable of it. I'm just tweaking. Just tweaking. END TRANSCRIPT