Quoting: Dr.DoomLittle Quoting: Anonymous Coward 1419030
Do the math. Every president has an econimic interest tied to it. You cannot deny this. Look at Bush Cheney. Oil hit new highs. Quoting: Dr.DoomLittle
New highs now means pain for all of us; if you think romney is change for the better; better think again.
Us regular folks (non billionaires) need to fill our tanks.
dumbass. Gas has doubled under obummer. At least the repugs will drill.
lie? I'm not a demoncrap.
Earlier this summer, with almost no media coverage, President Barack Obama quietly locked down tens of billions of barrels of oil and immense reserves of natural gas from development for the next five years.
As the nation was focused on the U.S. Supreme Court’s health care decision, Obama reinstituted a moratorium on offshore oil drilling that shuts down about 85 percent of America’s Outer Continental Shelf from exploration or drilling. Currently, the federal government only allows searching for energy on 2 percent of the OCS.
The Obama decision, which overrides a previous decision by a Democratic Congress and President George W. Bush in 2008, blocks the exploration and development of an estimated 86 billion barrels of oil and 420 trillion cubic feet of natural gas in the OCS.
The July decision is only one of dozens of occasions during the past four years when the Obama administration has stymied, blocked and done almost everything possible to hinder domestic oil, gas and coal energy production.
His actions have reduced America’s energy supplies, cost hundreds of thousands of good-paying jobs for U.S. workers and resulted in increased energy costs for American consumers.
Gas prices, which stood at $1.84 per gallon when Obama took office, had climbed to more than double that rate ($3.82) as of Monday, Oct. 8, and he has almost institutionalized $3 to $4 per-gallon gas.
Read more: Tracy Press - Town Crier Obama holds energy development hostage