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Where are the Pitchforks?

Larry Elder, the “firebrand libertarian” according to Daily Variety (see bio at Townhall.com), takes no prisoners in his latest column for Investor’s Business Daily. He writes: “Five dollars per gallon of gas by 2012! A former president of Shell Oil considers this likely. The average price on Christmas Day for a gallon of regular gas reached $3.28 in Los Angeles County, the highest price since October 2008.”

Elder, who bills himself as “The Sage from South Central” Los Angeles for his morning talk radio show on 790 KABC, explains:

“Where are the calls to sic Obama's Justice Department on Big Oil to hold the oil companies accountable for "market manipulation"? Why aren't we hunting down the amoral "oil speculators" responsible for repealing the law of supply-and-demand in order to line their pockets?

“During President George W. Bush's administration, we constantly heard demands to hold Bush accountable for "Big Oil's price-gouging." Just two years ago, House Speaker Nancy Pelosi knew exactly whom to blame for "skyrocketing" oil prices:

    “'Oilmen In The White House'

"The price of oil is at the doorstep; $4-plus per gallon for oil is attributed to two oilmen in the White House and their protectors in the United States Senate."

With sparks spitting from his word processor, Elder takes on both the ethanol subsidy as  well as so-called alternative energy sources. He writes:

“As for U.S. ethanol, which is made from corn, Nobel laureate environmentalist Al Gore recently called it a bad deal:

"It is not a good policy to have these massive subsidies for first-generation ethanol.

“First-generation ethanol, I think, was a mistake. The energy conversion ratios are at best very small. . .. The size, the percentage of corn particularly, which is now being (used for) first-generation ethanol definitely has an impact on food prices. The competition with food prices is real."

“For The Farmers

“Why did Gore once support ethanol? He admitted that he'd wanted to help farmers in Iowa, site of the nation's first caucus, since he "was about to run for president."

“The silence over the recent price run-up is yet the latest example of left-wing hypocrisy. It was always about bludgeoning Bush rather than a sincere conviction that Big Oil was cheating. How else to explain the absence of demands for investigations?

“America could achieve "energy independence" if producers were allowed to drill in Alaska, the lower 48 and offshore, where substantial amounts of untapped oil remain off-limits.

“Obama, who currently squanders hundreds of billions of taxpayer dollars by "investing" in alternative energy, possesses no more control over the law of supply-and-demand than did "evil" Oilman Bush.”

In the column’s title, Elder asks why the pitchforks aren't out if gas is headed towards $5 a gallon under the Obama administration? Good question indeed, but as always, the left is quiet.


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