Let Them Eat Cake

Obama: Oil is "fuel of the past"

Gasoline is gonna cost $6/gallon: get over it

From Yahoo!News:

President Barack Obama on Wednesday dismissed oil as "the fuel of the past" as he made an unapologetic election-year pitch for his alternative energy industry policies and sniped at Republicans over painfully high gasoline prices.

"Here is the truth. If we are going to control our energy future, then we've got to have an all-of-the-above strategy," he said in his speech. "We've got to develop every source of American energy—not just oil and gas, but wind power and solar power, nuclear power, biofuels."

Senate Minority Leader Mitch McConnell, hit Obama on his call to end subsidies for oil companies while directing government help to so-called green energy firms, some of which have political ties to the administration.

"When it comes to rising gas prices, the American people don't think it's particularly fair that at a time when they're struggling to fill up the tank, their own tax dollars are being used to subsidize failing solar companies of the president's choosing, not to mention the bonuses that executives at these companies keep getting," McConnell said.

Algae fuel, anyone?