With the campaign rhetoric heating up, the latest issue is the price of gas. President Barack Obama is being blamed for high prices and for doing nothing to bring them down.
A recent Time magazine article titled "Crude Awakening" reports: "In 2011, domestic oil production reached its highest levels since 2003 ... For the first time in 60 years, we're selling more petroleum products than we buy."
Under Obama, our dependence on foreign oil is decreasing. Our reliance on foreign oil hit a 16-year low in 2011. Domestic oil production is at its highest level in eight years. The number of oil rigs quadrupled in the past three years.
His policies have made a difference. Two years ago, you received a tax credit up to $1,500 for installing energy-efficient doors and windows, insulation, air conditioners, furnaces and heat pumps.
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The Tax Relief-Job Creation Act of 2010 offered tax credits for energy-efficient dishwashers, clothes washers and refrigerators.
Obama is increasing fuel economy standards for cars and established standards for medium-heavy trucks and buses. By 2025, cars and light trucks will nearly double their average miles per gallon to nearly 55, saving Americans more than $8,000 at the pump per car. This will result in an oil consumption reduction by more than 2 million barrels a day.
Because Obama's energy policy is clearly aimed at reducing our dependence on foreign oil, it doesn't support the ridiculous claim that Obama is in favor of higher gas prices.