9% Rise in Oil Prices in Last 24 Hours Going to Hurt Americans and Economy

Here we are, less than a year after Obama shut down drilling after the explosion of a rig in the Gulf of Mexico. At a time a time when America should be increasing their oil output to help slow down a rise in the cost of oil, we are witnessing a 9% increase in oil costs in a single day. Do you understand what this means the US economy?

Think back to 2008 when Ford, Chrysler, and GM's most profitable vehicles sat in lots all summer because nobody wanted to fill them up with $4 a gallon gas. We are going to near $4 a gallon and we aren't even to summer driving season. Remember the chain of events that followed? If you don't believe the housing market was partially affected by high energy costs, you best think again. Let's not forget the bailouts these auto companies needed after struggling in 2008.

Where is Obama? He doesn't have a responsible energy policy--rather he wants to see energy costs rise through cap and trade taxes while making it harder to go after our natural resources in the United States. What will this country do as the dollar continues to be devalued by the Federal Reserve while oil costs rise? You think filling up in 2008 was bad, I fear what summer will look like in 2011. We don't have too many friends in Washington to end this madness and the federal government unconstitutionally puts it mitts on land around the fruited plain--pushing regulations within states that shouldn't exist. If Montana wants to drill for its oil, they should be allowed to without federal regulations. It's not happening, and Obama wants to place more restrictions on energy development. Americans in the end will pay the ultimate price.