The drop in gas prices is putting a massive amount of money in the pockets of Americans to be spent on other things. Rest assured that Barry will lay claim to any economic benefits from that as well even though low gas prices go completely counter to what he wanted. Anyone want to wager how long it's going to be before a liberal calls for a big bump in the gas tax?
You mean TECHNOLOGY created the boom? And the GOP wants to defund education and research? lol
Let's just follow Dubya/GOP lead of pushing people to 'shop' and give tax credits of $5,000+ to buy gas sucking SUV's, that will help US right? lol
Kindly explain why oil and natural gas production on Federally controlled lands is actually down under the Obama Administration when overall production of oil and natural gas is up substantially on lands controlled privately or by the States?
So who's REALLY responsible for all those new jobs created in the oil and natural gas industries? It certainly isn't Barack Obama! Quite obviously if he had control of all the oil and gas producing land in the US the price of gasoline would be $6 a gallon right now.
A big part of the trend can be attributed to the location of shale deposits where hydraulic fracturing, or fracking, and horizontal drilling have allowed producers to tap huge oil or natural gas resources.
Much of it is in Pennsylvania, where gas production has taken off. And it's common in Texas and North Dakota, states where the federal government owns far less land than it does in several Western energy-producing states.
“There are only so many dollars out there,” said Sarah Ladislaw, an energy expert with the Center for Strategic and International Studies, noting the heavy industry investment in shale exploration outside of federal lands.
“When you overlay those two maps, the places to be weren’t necessarily on federal land,” said Ladislaw, co-director of the think tank’s Energy and National Security Program.
Obama GOP battle over credit for surging oil and gas production TheHill
BUT HEY, THE DEFICITS OBAMA INHERITED THANKS TO DUBYA/GOP POLICY (CREDIT CARDS MAXED OUT, GUTTING federal revenues 25% of GDP), WELL HELL, THOSE REST ON OBAMA'S SHOULDERS ALONE RIGHT? lol