Newt Gingrich was on with Fox and Friends this morning. After a clip of Obama intimating that Gingrich’s plan for $2.50 gas is fictional, the Speaker is asked what makes him so certain that he can get gas to $2.50. They also discuss another American soldier killed by an Afghan today.
Newt opens with:
“…the administration has turned to Saudia Arabia to pump more oil” and says the Secretary of Energy agrees that pumping more oil in Saudia Arabia might bring down prices. “They want to pay the money to the Saudis – the Saudia government to get the royalties, the jobs to be in Saudia Arabia. Isn’t it strange to have an American President who favors Saudia oil over american oil, Saudia jobs over American jobs…?”
As to bringing the price down, Gingrich says:
…a factual example – not a theory, it’s history: Since 2008, natural gas production has gone up 11%. The price of natural gas has dropped enough that if applied to gasoline, it would $1.13 a gallon. That’s a fact. Natural gas has dropped dramatically over the last three years. Had oil had the same production increase over the past three years, and dropped the same amount, you would be paying $1.13 today. I’m being very modest. I’m just trying to get to $2.50. The President is even complaining about that.
About the photo: If you do not have QuikTrip convenience stores in your area, you have my sincere condolences. Tulsa is their headquarters and they are consistently on the list of “Best Employers.” QuikTrip is the fine wine of convenience stores, and their doughnuts aren’t bad either. You get a choice of both Pepsi and Coke and the mix is always right. The attendants are always nattily dressed – red golf-type shirts, khaki shorts, clean and very friendly – not to mention fast at the register. Their gas prices are always the lowest. I love QuikTrip!
Newt Gingrich on the Math of Bringing Down the Price of Gasoline to $2.50 – Sierra Club Flat Earth Fairy Tale (video)