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King Dollar Will Cut Oil Prices
CNBC.com | March 16, 2012 | 04:27 PM EDT

No matter how much President Obama protests, the simple fact is that he continues to oppose and mock and disparage oil and gas drilling. He is a prisoner of the environmental left, and he remains on the wrong side of energy history.

And that’s exactly why he has a 59 percent negative rating on the economy, according to a recent poll, even though jobs and other indicators have actually picked up.

It’s about $4 or higher gas at the pump . Polls overwhelmingly show that Americans want drilling in ANWR and offshore, and that they want hydraulic fracturing of shale for oil and gas. They also overwhelmingly want the Keystone Pipeline (by roughly 70 percent).

And they believe the government can act quickly to lower gas prices in the short run.

But the president scoffs at all this. In his energy speech this week, he suggested that the drill, drill, drill crowd (of which I have long been a member) would have founded the Flat Earth Society. He says we might even have sided with 19th-century president, Rutherford B. Hayes.

Ha, ha, ha. Very funny.

But the reality is, oil, gas, and coal -- not wind, solar, geothermal, and algae -- are going to be crucial to America’s transportation, electricity, and economic growth for many decades to come.

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