According to some, we will very soon be “wishing for the good old days of $4 gas.”
It is Obama’s stated policy (via his energy czar Steven Chu) to have $8 gas. With that goal in mind, effectively stopping all drilling and related US production, supporting Brazilian production, etc. all makes sense.
They really want European gas prices as part of their “save the earth” masquerade (they really don’t care about the earth, just about ways to take power, and the green movement is just a mean to that end.)