National gas prices to soon fall below 2
Nationally, regular unleaded gasoline currently averages about $2.12 a gallon, down 46 cents from just four weeks ago and $1.01 cheaper than year-ago levels.
Gas prices are also expected to fall more than previously forecast for the full year
Not bad for a community organizer
Actually IN SPITE of the community organizer who HAS NO DIRECT affect on the price of oil except in ONE SPECIFIC way of which HE HAS been a NEGATIVE
affect AND NOW they are doing something about it!!!
From the White House...
Here are some of the other measures recently taken by the administration to boost domestic oil production, according to a recent White House factsheet:
* An increase in the sales of leases for oil and gas drilling on federal lands. In 2013, the Bureau of Land Management held 30 such sales—the most in a decade—offering 5.7 million acres for lease by industry.
* An increase in the speed with which permits are being issued for actual drilling on federal lands. What's called "processing time" has, the White House boasts, been cut from 228 days in 2012 to 194 days in 2013.
* The opening up of an additional 59 million acres for oil and gas drilling in the Gulf of Mexico, the site of a disastrous BP oil spill in April 2010.
In a turnaround that has gotten next to no attention and remarkably little criticism, President Obama is now making a legacy record for himself that will put the "permanent reduction of our dependence on oil" in its grave. His administration is instead on a drill-baby-drill course to increase production in every way imaginable on US territory, including offshore areas that were long closed to drilling due to environmental concerns.
What explains this dramatic turnaround?
Think what the gas prices WOULD HAVE BEEN if Obama hadn't wished for higher prices?
He signs oil exploration leases on Federal lands.
Obama has signed 40% LESS leases then any president!
Therefore fewer leases means fewer explorations and therefore fewer production from Federal lands!
"Oil and gas production has stalled on federal lands for the third year in a row under the Obama administration, despite booming energy production on private and state lands, according to a new government report.
The Congressional Research Service (CRS) says that the share of oil and gas production coming from federal lands have plummeted from 2009 to 2013.
Oil production on federal lands fell by 11 percent over this time period and natural gas production fell by 28 percent.
Federal onshore oil production fell for the third year in a row, while offshore oil production increased slightly — just enough to increase total oil production by 15,300 barrels per day in 2013 above 2012 levels.
But total federal oil production is still 316,800 barrels per day below 2010 levels of 1,975,100 barrels per day.
The energy industry and federal lawmakers have long criticized the Obama administration for saddling energy producers with lengthy permitting times and environmental review processes.
“The CRS report clearly shows that where the federal government has the most control, on federal lands, it is suppressing development of the energy that all Americans own while preventing job creation and economic prosperity,” said Tim Wigley, president of pro-drilling Western Energy Alliance.
Oil and gas on federal lands is in free fall under Obama The Daily Caller
AGAIN YOU people seemingly can't do a little research can you!!!
.