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WASHINGTON – Amid growing public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. But the moves won't calm spiraling prices at the pump any time soon.
Obama said Saturday that the measures "make good sense" and will help reduce U.S. consumption of imported oil in the long term. But he acknowledged anew that they won't help to immediately bring down gasoline prices topping $4 a gallon in many parts of the country, and an oil industry analyst agreed.
Originally posted by mishigas
Obama said Saturday that the measures "make good sense" and will help reduce U.S. consumption of imported oil in the long term.
Well we all know supply has nothing to do with oil prices.. so oil prices shoot through the roof and in less than 3 months the "green" president provides land leases to oil companies to exploit further resources..
I'd say so.. It's amazing to see that this supposed "green" president is apparently the secret mistress of the oil giants.
as posted in another thread that came up last week (I'm too lazy to go look it up), it's actually the Government that controls oil/gas prices, not some mystical "speculators" living in estates in Dubai or whatever.
Now if this is true, and we all know who actually controls the government's actions (:cough: Corporations :cough then is there any doubt that the only way they (oil/gas) could sell the ability to drill more (and make more money) is to sell it to us shills as a way to "lower the price of gas at the pump" ? Think about it. It's completely WIN-WIN for Big oil/gas!
Win 1 - they make record profits off raised prices
Win 2 - they make more profit off of increased drilling
From Obama's stance
Win 1 - his personal stocks increase in value (oil/gas)
Win 2 - he looks like a savior to us shills since he "fought to lower the prices at the pump".
Originally posted by TETRA.X
reply to post by macman
Do we know for a fact what kind of drilling he is talking about?
The truth is that we don't need oil. What we do need is the energy technology that has been suppressed for decades...