Even Obama couldn’t stop oil boom

In the Lewiston Tribune Saturday, conservative columnist Michael Costello comments that even President Obama’s meddling couldn’t stop this oil boom:

For the second consecutive State of the Union address, Barack Obama has claimed credit for falling gasoline prices. Among the many ironies attending this boast is its contrast with his 2008 promise to force energy prices to “skyrocket.” Obama believed that artificially driving up energy prices was an essential first step toward saving the planet from global warming, or climate change, or whatever qualifies as the politically correct term of the day. During an interview with the San Francisco Chronicle in early 2008, Obama sketched out his plans to inflate prices using a carbon cap and trade scheme. The Chronicle appreciated that voters would not react well to a candidate who had as a central plank in his campaign platform a plan make their lives more miserable. As such, the editors kept it under wraps until the election was secure. Obama never got his cap and trade scheme through Congress, but he did do his best to raise energy prices by impeding fossil fuel development. More here .

Thoughts?