The Chicago Tribune reports that Michele Bachmann, she who has the completely hetero husband, is guaranteeing TWO DOLLARS A GALLON GASOLINEif she is elected.
Just so you can see the lunacy, here’s the direct quote: “Under President Bachmann you will see gasoline come down below $2 a gallon again,” Bachmann told a crowd Tuesday in South Carolina. “That will happen.”
When reached for comment, Suze Orman quipped, “honey, I will be a patient in her husband’s clinic before gas goes down to two dollars a gallon again.” No, Suze didn’t really say that. But she should.
Seriously, her idea is to remove any restrictions on drilling and roll back federal regulations on the shale gas industry. OK, while she delivers the killing blow to the environment, what she doesn’t understand is that her actions would have little impact on gas and oil prices.
Why’s that, you say? It’s simple. First, the amount of oil this would produce would be tiny. Second, any reduction in US demand would be met with a reduction in production by OPEC. According to a 2009 study from the government’s Energy Information Administration, the best possible reward we would receive for devastating our natural resources would be a reduction of three cents per gallon at the pump.
You go, sister Bachmann. You go on with your bad self.
Image source: llnwd.net
