(The above title is from the Ipad edition this morning--KSH).
What’s the emergency, you ask? The White House says that military operations in Libya have disrupted supply. But Libya’s oil has been shut in for months now, and oil prices are down from their highs this year. So on Thursday Obama administration spokesman Jay Carney argued that oil demand is likely to rise over the summer. In other words: It’s vacation season, and the White House is worried about high prices through the summer driving months.
Therein, perhaps, is a political emergency, at least in the White House view: President Obama’s reelection prospects will be harmed if national discontent over high gasoline prices continues....
Whatever the rationale, it is a bad idea.
Read it all.
Filed under: * Culture-Watch Globalization * Economics, Politics Economy Energy, Natural Resources Politics in General Office of the President President Barack Obama * International News & Commentary Africa Asia Europe Middle East
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