High Gas Prices Could Hurt Obama in 2012

Some of the lowest presidential approval ratings have been recorded when there was a gas crisis.

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[See photos of the Gulf oil spill.]

Obama told reporters at his news conference that he won't be stampeded. "We are encouraging offshore exploration and production," he said. "We're just doing it responsibly. I don't think anybody has forgotten that we're only a few months removed from the worst oil spill in our history. So what we've done is to put in place common-sense standards like proving that companies can actually contain an underwater spill."

If this re-opens a national debate on how we can reduce reliance on fossil fuels, that will be all to the good.

  • Read more about energy policy and climate change.
  • Read more about the 2012 presidential election.
  • See a slide show of 10 cities adopting smart grid technology.