US To speed up domestic oil production (gas prices, gasoline, Barack Obama)

[Finn_Jarber]

It is not the first time the admin tried to encourage domestic oil prodution.

Obama Issuing Directives Aimed at Increasing Domestic U.S. Oil Production - Bloomberg

U.S. President Barack Obama said his administration will begin stimulating domestic oil production to blunt rising gasoline prices with measures including encouraging drilling in Alaska and giving oil companies more time to comply with safety regulations.
“Without a doubt, one of the bigges
t burdens over the last few months has been the price of gasoline,” Obama said in his weekly address on the radio and Internet. “And while there are no quick fixes to the problem, there are a few steps we should take that make good sense.”

Obama said the government will begin conducting annual lease sales for drilling in Alaska, make faster evaluations of oil and gas resources in the Atlantic Ocean, and create new incentives to develop unused leases.
The administration also is extending drilling leases in the Gulf of Mexico by one year and some in Alaska by at least a year to allow more time for companies to comply with safety standards implemented last year’s oil spill. A new team is also being created to accelerate Alaskan permits.
“We should increase safe and responsible oil production here at home,” Obama said.

[Frank DeForrest]

“We should increase safe and responsible oil production here at home,” Obama said.

Translation:Election coming soon, time for a 180.

[Finn_Jarber]

Originally Posted by Frank DeForrest

Translation:Election coming soon, time for a 180.

It is not a 180 turn, when a year ago he made speeches saying the same thing, - that he is encouraging the issuance of new permits on shore, and off-shore to boost domestic production. And a whole slew of new permits have been issued since then, including 50 or so off-shore.

[HappyTexan]

Should have done that 2 years ago.

Got to get off oil, do nothing. Got to get off oil, do nothing. On and on and then...we need more oil.

[AuDiBelle]

Originally Posted by HappyTexan

Should have done that 2 years ago.

Got to get off oil, do nothing. Got to get off oil, do nothing. On and on and then...we need more oil.

Well, to be fair he didn't do 'nothing' per se. He suspended US Gulf oil permits while simultaneously granting them to Brazil. Brilliant!

[HappyTexan]

Originally Posted by whatyousay

Well, to be fair he didn't do 'nothing' per se. He suspended US Gulf oil permits while simultaneously granting them to Brazil. Brilliant!

Looks like the Left has taken the mantra of the Right.."Drill baby drill".
$4/gal and going higher has hit the Libs right in their wallets.

[HappyTexan]

Where's the green, where's the solar, where's the wind ?
Oh..those were just happy words with no meat, no financing, no action.

Elections are coming up...got to get the wheels moving so that gas prices come down and can be more campaign fodder.

[AuDiBelle]

Originally Posted by HappyTexan

Where's the green, where's the solar, where's the wind ?
Oh..those were just happy words with no meat, no financing, no action.

Elections are coming up...got to get the wheels moving so that gas prices come down and can be more campaign fodder.

Bingo! It's all political posturing, nothing else. Same crap, different day.

[Pretzelogik]

US To speed up domestic oil production......In Brazil.

[Visvaldis]

"US To speed up domestic oil production"

I bet that will lower gas prices! Ha ha ha!