Silver Bullet

Obama has said, on several occasions, that there is no "silver bullet" that can bring down gas prices. He wants us to believe that there is no policy that he, or congress, can enact that can lower gas prices even though he is considering opening up the United State's Strategic Oil Reserves so that he can increase the supply of oil before the election to drive down prices. It is clear that he understands that more supply would cause prices to go down, the "silver bullet."

The problem is that Obama only wants a short term fix in gas prices. He has admitted that he wants gas prices to rise so that automakers are forced to make more gas efficient cars (like in the video below).



It is his intentions to move forward with policies that would cause gas prices to raise. Policy makers are keeping supply low by not letting oil companies drill where we know that there are large reserves of oil. Regulations also make it almost impossible and incredibly expensive to refine oil. When something costs more to produce, producers are forced to pass those higher prices on to consumers or go out of business.