As Americans continue to feel the effects of President Obama’s anti-oil agenda at the pump, defensive liberals are circling back to a familiar line of counter-attack: blame Bush. The media vacuum on gas prices has made this line of attack all the more promising with very little national coverage being given to the president’s destructive domestic drilling agenda. Unfortunately it misses an obvious point.
President George W. Bush was mostly attacked for wanting to drill too much (or being “cozy” with the oil industry), while President Obama’s policies are rooted in unilaterally shutting down the domestic oil industry amidst rising prices and a struggling economy.
Yes, the price of gasoline reached historic levels, rising above $4/gallon during Bush’s second term, but that wasn’t due to a lack of trying to increase domestic supply. U.S. domestic supply is but one factor in the global price of oil, and thus gas prices. But when a president purposefully chooses to decrease our domestic supply by 13%, with hopes of driving that supply even lower, and objects to U.S.-Canadian pipelines and new forms of exploration, discovery and friendly importation, the price consequences are real, and should be scrutinized.Continue reading on blog.heritage.org