But of course Obama has NOTHING to do with gas prices.
********************************************************
Gas Price Perfidy
The president wanted higher gas prices, not a boom in domestic production.
2:05 PM, MAR 3, 2012 BY MARIO LOYOLA
As a direct result of the presidents severe constriction of oil production under federal leases, domestic U.S. oil production will be nearly one million barrels per day lower this year than it would have been otherwise.
Contrary to what it would now have you believe, choking off production under federal leases was quite clearly a priority of this administration from the start. When gas prices reached $4 per gallon in the summer of 2008, the Bush administration reached a bipartisan agreement to open virtually all of the OCS to oil production, ending a thirty-year moratorium. In its first weeks, the Obama administration shelved the plan. Last year, Obama announced a new five-year plan effectively closing all of Americas OCS until 2017, leaving only northern Alaska and the central and western Gulf of Mexico open to drilling.
Now the Obama administration claims that it has actually opened more of the OCS to exploration than before. But that is true only in the sense that he first closed off all of what he could close, then opened up a small fraction of that. But the net effect has been to close nearly all of the OCS that was open when he assumed office.
Gas Price Perfidy | The Weekly Standard
********************************************************
Gas Price Perfidy
The president wanted higher gas prices, not a boom in domestic production.
2:05 PM, MAR 3, 2012 BY MARIO LOYOLA
As a direct result of the presidents severe constriction of oil production under federal leases, domestic U.S. oil production will be nearly one million barrels per day lower this year than it would have been otherwise.
Contrary to what it would now have you believe, choking off production under federal leases was quite clearly a priority of this administration from the start. When gas prices reached $4 per gallon in the summer of 2008, the Bush administration reached a bipartisan agreement to open virtually all of the OCS to oil production, ending a thirty-year moratorium. In its first weeks, the Obama administration shelved the plan. Last year, Obama announced a new five-year plan effectively closing all of Americas OCS until 2017, leaving only northern Alaska and the central and western Gulf of Mexico open to drilling.
Now the Obama administration claims that it has actually opened more of the OCS to exploration than before. But that is true only in the sense that he first closed off all of what he could close, then opened up a small fraction of that. But the net effect has been to close nearly all of the OCS that was open when he assumed office.
Gas Price Perfidy | The Weekly Standard