what appears to be a force organized to discuss gas prices reflected in Newt Gingrich’s American

Conservatives hope so, with what appears to be a force organized to discuss gas prices reflected in Newt Gingrich’s American Solutions website and in an interview with the former president of Shell John Hofmeister given to Platts Energy Week.

Head of Citizens for Affordable Energy a lobby group, Hofmeister predicts a price increase of $5 per gallon by 2012 though the number is not supported any of economists.
According to the New York Times the national average price of gasoline has increased by 21 cents since November 29 of last year.

Obama is at fault for mixing those controversial leases that were okayed by Bush in the last hours and for holding up offshore leases without any reason, claims American Solutions. “Playing around with renewable energy will only make things worse and can make you go back to the black stuff” threatens Hofmeister.

“It will be time to panic for politicians,” he said in what no doubt hopes is a self-fulfilling prophecy. “They’re suddenly going to get the sense that we must do something.”

Except that Oil and gas production in U.S. is very less that it has very minimal effect on global prices which has been proven many times. (The New York Times article, a man in the uber-conservative American Enterprise Institute makes the same point.

The points that conservative is mostly talking is just a talk, but is carefully timed to coincide with the wish list of recently released American Petroleum Institute for more oil that was obtained through offshore drilling.

Here’s a news flash: The oil companies like high prices (remember to record profits last time gas prices are high?), so be careful when you see the industry lobby to dress your wish list wheel is populist. Unable to deepen the path of higher gas prices, and we may be running out of oil completely, then what do if we stop dilly-dallying with renewable energy instead of taking the matter seriously?

Well, it seems Obama is also willing to “compromise” on this issue.