Didn't ethanol blending subsidies expire late last year (not that I don't agree with)? Wouldn't that have an affect on the gasoline prices? Who allowed them to expire? just sayin...
Obama to Open Offshore Areas to Oil Drilling for First Time - NYTimes.com
Off again: Obama bans offshore oil drilling in Atlantic waters - USATODAY.com
On again: Obama calls for offshore oil drilling and clean energy
Inconsistency is also a factor in the determination of the price of oil.
Inconsistency in politics is nothing new and does not affect the fluctuations of oil. Well wars and embargos affect it, but that isn't what we are talking about. Oil is a world wide commodity. Off shore drilling was going to be allowed then a huge oil spill happened in deep water and they thought it was a good idea to reassess the idea of wanton deep water drilling off the coast. Now he reverses in an election year. Obama is running for re election.
Last edited by kenvin; 02-23-12 at 11:56 AM.
2. This has been my contention all along...that Obama's flip-flops have been politically motivated and have no relation to what's best for the country.Oil and gas industry leaders lobbed criticism at the Obama administration Wednesday, using the stage of an annual industry conference in Houston to assert that the domestic energy boom has occurred in spite of what they call a corrosive energy strategy out of the White House.
Energy executives and other industry players took President Barack Obama to task during the Winter NAPE Conference, an annual expo of oil and gas prospects, technology exhibits and industry networking.
They said the White House has limited the availability of federal land for drilling and created an atmosphere of uncertainty over future regulations and taxes, reinforcing the nation's tether to oil imports and keeping gasoline prices high.
"These have been the most difficult three years from a policy standpoint that I've ever seen in my career," said Bruce Vincent, president of Houston-based oil and natural gas producer Swift Energy. "They've done nothing but restrict access and delay permitting."
"The Obama administration, unfortunately, has threatened this industry at every turn."
Oil and gas leaders slam Obama - Houston Chronicle
Oh, and avoiding blame.