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Post proof it doesn't. I've sat in meetings discussing 3 billions dollar projects when even we didn't thin we would ever find what we did 5 years earlier. We are awash in oil, that's why ours is $13 cheaper than the world price. That's with 70 off limits. Junior!So post the proof that "the US has enough oil to satisfy our thirst for a century".
no, because we have to compete with china and india and the reset of the world for oil
You mean high gas prices aren't Obama's fault?
speculators and iran, but there is a temporary surplus of oil in the u s of a
But some rightwingers claim that gas prices were forced to rise because Obama won't allow enough drilling. Are they wrong?
yes, just like he cannot claim to have made them fall
Has Obama attempted to take credit for the recent decrease in retail gas prices?
He does have significant control on supply. Actually the world price would also come down if we increased our supply more.
He does have significant control on supply. Actually the world price would also come down if we increased our supply more.
part of the problem with that is that this is a lead time of about 5 years to get a new site on line - so what ever obama does, it will not kick in for about 5 years