Thanks for making that clear. Then how is Obama responsible for gas prices?
it's good that he wants high gas prices in an election year? I think the premise was that Obama was lying when he said he was doing all he could to lower gas prices, when in fact, he's not doing anything.
Did he say he wants high gas prices? BTW, ever hear of the Strategic Oil Reserve? Guess who released it in June 2011 - not an election year for him?
how specific? offshore drilling? deepwater drilling? ANWAR? what are you unfamiliar with? maybe not letting any more refineries be built?
Are you under the impression that "drill, baby, drill" will provide enough supply to affect gas prices?
If so, provide the proof.
It doesn't look that way to me:
It may theoretically be possible for the U.S. and Canada to more than double our oil output, as the NPC suggests. To put that in perspective, we'd be adding the rough equivalent of another Saudi Arabia to the world oil market. But to do it, the countries would have to pretty much tap every resource they have, both onshore and off. Obviously, the old "drill baby drill" crowd would love that approach. But it's' still controversial in coastal swing states like Florida. Beyond that, accessing some of the resources would require technology we don't have yet.
Let's assume the U.S. and Canada did manage to drill enough oil that we could tell Saudi Arabia to take it's light sweet crude and shove it. What then? Well, we'd still be exposed to all the ugliness of the global oil market. American and Candadian crude would be priced just like everywhere else -- based on what the world's highest bidders are willing to pay for it. Americans would continue to pain at the pump whenever there was another war in the Middle East or African militants blew up a pipeline.
http://www.theatlantic.com/business...we-cant-drill-our-way-to-oil-autonomy/252812/
Ever hear of the Exxon Valdez? Deepwater Horizon? Wonder why there have to be regulations?
Laissez-faire hasn't worked too well with the oil companies, has it?
Interesting that a small-government advocate seems to think supply and demand should be subject to presidential control...
http://abcnews.go.com/blogs/politic...oleum-reserve-will-release-more-if-necessary/