The ‘Skyrocket’ Comment
Romney is also off base with his claim about Obama’s prediction that energy prices would “skyrocket” under his policies, and that we are seeing the fruition of that now at the gasoline pump. Obama’s “skyrocket” quote was part of a discussion about cap-and-trade as a means to reduce greenhouse gases.
There’s no question that curbing greenhouse gas emissions would bring about higher energy prices. Obama, speaking to the editorial board of the San Francisco Chronicle on Jan. 17, 2008, said electricity costs (not gasoline prices) would “necessarily skyrocket” as a result of capping emissions levels, and that his job as president would be to convince the public and Congress that benefits outweigh costs. “If we can’t make that argument persuasively enough, you can be Lyndon Johnson, you can be the master of Washington, you’re not going to get that done.”
On June 26, 2009, the House passed the American Clean Energy and Security Act (H.R. 2454), a greenhouse gas cap-and-trade bill, by a vote of 219-212. The bill included allowances to electric companies to protect consumers from increases in electricity bills. But the bill died in the Senate.
factcheck.org/2012/03/obama-wanted-higher-gasoline-prices/