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.
Obama's announcement followed passage in the Republican-controlled House of three bills - including two this week - that would expand and speed offshore oil and gas drilling. Republicans say the bills are aimed at easing gasoline costs, but they too acknowledge that benefits won't come fast.News and politics for the city of Jacksonville (FL), Florida, and the United States. Though I am a Libertarian/Socialist, my hope is to be as objective as possible in delivering news that should be important to you. In addition, this website can be useful for researching important moments in history. From the dawn of civilization to the present day, this website provides a plethora of valuable links for your research needs.
Important Moments in History
▼
Monday, May 16, 2011
With gas costs high, Obama to speed oil production
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.
No comments:
Post a Comment