Gas Price was $1.83 when Obama took office. Then the he decides to use his administration to slow the growing production rate in order to drive up oil prices to pay back his cronie Wallstreet Banker buddies who bought him the presidency by contributing heavily to his campaign. Yes - Wallstreet Bankers own way more oil & infrastructure than the oil companies do.
Obamas Top Contributors that Bought his Presidency.
University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $878,164
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Sidley Austin LLP $600,298
Stanford University $595,716
WilmerHale LLP $550,668
Columbia University $547,852
Skadden, Arps et al $543,539
UBS AG $532,674
IBM Corp $532,372
General Electric $529,855
US Government $513,308
Morgan Stanley $512,232
Latham & Watkins $503,295
February 10, 2009 - Secretary Salazar announces he will delay the Bush Administration 5-year plan for oil and natural gas development on the U.S. Outer Continental Shelf for six months. He begins a “listening tour” in spite of the fact that the Bush Administration had already solicited public opinion on this plan.
September 17, 2009 - Secretary Salazar states that the Administration may not complete a new OCS lease plan until 2012.
September 21, 2009 - The Administration’s extended public comment period on the draft proposed 2010-2015 Outer Continental Shelf plan comes to an end – yet the Administration still makes no announcement regarding the future of offshore drilling.
January 26, 2010 - The Department of the Interior announces it will delay the Virginia offshore lease sale scheduled for November 2011.
January 27, 2010 - President Obama mentions offshore drilling in his State of the Union address – leading many to believe he is open to expanding drilling in the OCS.
February 1, 2010 - President Obama releases his FY 2011 budget proposal that shows revenue from new Outer Continental Shelf (OCS) leasing declining from $1.5 billion in 2009 to only $413 million in 2015. The only way revenue would decline is if less of the OCS is offered for leasing for energy production.
February 4, 2010 - The Wall Street Journal reports that public comments collected by the Department of the Interior ran 2-to-1 in favor of the new 2010-2015 lease plan.
March 3, 2010 - Secretary Salazar confirms that the Administration will not put a new OCS lease plan in place until 2012, which means no new drilling will take place during President Obama’s term in office.
July, 2010 - The date new areas would be available for leasing under the original 2010-2015 lease plan if it were not for the “Obama Moratorium,” which has delayed implementation of a new lease plan until 2012.
December 1, 2010 - Effectively reinstated the ban on offshore drilling, placing the entire Pacific Coast, the entire Atlantic Coast, the Eastern Gulf and parts of Alaska off limits to future energy production until 2017 at the earliest.
November 8, 2011 - Announces a new draft 2012-2017 lease plan that closes the majority of the OCS to new energy production. The draft plan prohibits new offshore drilling and only allows lease sales to occur in areas that are already open. It includes lease sales in the Western Gulf of Mexico and Alaska – leaving portions of the Arctic and the entire Atlantic and Pacific Coasts off-limits to new energy production and job creation.
January 1, 2012 - Our US Government raised our gas taxes nation wide!!!!! Some States also raised gas taxes on their citizens!!!!! Wow, Just WOW! - It is amazing how they just got away with raising taxes on the poor again!!!
Obama is just allowing the Keystone Pipeline to be built from Cushing, Oklahoma to the Gulf of Mexico because Canada's Enbridge outsmarted him buy buying up ConocoPhillip's stake in the Seaway Pipeline. Enbridge is turning around all the pumps along the Seaway Pipeline to reverse the flow of oil. This will make it transport oil from Cushing, Oklahoma to the Gulf of Mexico the same way as the Keystone Pipeline would. Obama is making a lot of hey out of the fact that he is not stopping this portion of the pipeline. It is al political BS.
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