Yet prices keep rising....

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Across the country, the oil and gas industry is vastly increasing production, reversing two decades of decline.

The moratorium on deep water drilling in the Gulf of Mexico has been lifted.

Using new technology and spurred by rising oil prices since the mid-2000s, the industry is extracting millions of barrels more a week, from the deepest waters of the Gulf of Mexico to the prairies of North Dakota.

Obama has opened new federal lands and waters to drilling, trumpeted increases in oil and gas production and de-emphasized the challenges of climate change.

On Thursday, he said he supported expedited construction of the southern portion of the proposed Keystone XL oil pipeline.


http://content.usatoday.com/communi...e-oil-drilling-moratorium-may-end-very-soon/1

http://www.nytimes.com/2012/03/23/b...ward-energy-independence-in-america.html?_r=1
 
Of course prices are rising. Just as in '08, the oil compaines are profiteering, with full knowledge of the damage they are doing to an already fragile economy, and they don't give a shit. Watch it backfire in their faces when sales of electric cars, wood stoves and solar panels skyrocket again.
 
But some JPP Righties claim that if only Obama would let the oil companies drill as mich as they want, where they want, and how they want, prices would be halved....
 
\\(())// said:
But some JPP Righties claim that if only Obama would let the oil companies drill as mich as they want, where they want, and how they want, prices would be halved....
Click to expand...

Bull, then they would say they were not enough refineries to refine the oil, or find some other reason why they keep gouging us at the pump. When a barrel of oil goes down in price, gas prices don't go down as well.
 
But JPP Righties wouldn't lie....would they? Americans are irritated these days by record-high fuel prices that have soared above $4 a gallon in some states and could top $5 by summer. Some blame President Barack Obama. Some just cite "the government," while others believe it's the work of big, greedy oil companies. No matter who is responsible, almost everyone seems to want the government to do something, even if people aren't sure what, exactly, it should or can do. http://www.csmonitor.com/USA/Latest...ublic-unsure-who-to-blame-for-high-gas-prices
 
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