Obama and gas prices

As gas prices continue to rise, President Obama is under increasing pressure from both Republicans and the public to take action.  Gasbuddy.com, which tracks gas prices, shows an increase of almost 70 cents per gallon in Georgia since Christmas.  During the same period, the national average gas price has increased by almost 60 cents.  The current national gas price is $3.794 per gallon, while Georgia is a few cents cheaper at $3.703.  There may not be any relief in the near future.  The Energy Information Administration forecasts that gas prices will stay near $4 per gallon through the summer.

To date, President Obama’s main response has been to blame speculators.  In 2011, the president asked the Department of Justice to investigate oil speculators for possible fraud or manipulation of prices.  McClatchy Newspapers found the Oil and Gas Price Fraud Working Group, a subgroup of the Financial Fraud Enforcement Task Force, has met “only four or five times since its creation.”  President Obama ordered the group back to work last week while at the same time saying that it never stopped working.

Continue reading on Examiner.com Obama and the price of gas – Atlanta Conservative | Examiner.com http://www.examiner.com/conservative-in-atlanta/obama-and-the-price-of-gas#ixzz1pDNs2P5F

Obama’s green war on jobs and energy

Oil well in Sherman, Tx. (David W. Thornton)

In spite of acknowledging the need to wean the United States off of Middle Eastern oil, the Obama Administration, prompted by core supporters in the environmental lobby, is waging a job-killing war against two projects that would help the economy, produce jobs for Americans, and, perhaps most importantly, reduce our dependence on oil imported from unfriendly foreign countries.

 

The first issue is the EPA’s proposed regulation of fracking.  “Fracking” is a slang term for hydraulic fracturing, the process of injecting fluids, primarily water, into rocks to create larger fissures.  The larger fissures allow more oil or natural gas to flow into the well.  The process makes it possible to tap into previously unreachable oil and natural gas reserves.  The debate on fracking centers on the Marcellus Shale formation in Pennsylvania and Ohio and the Dakota oil and gas fields.  Fracking has also been used safely in Texas since the 1950s.

 

Read this article on Examiner.com:

http://www.examiner.com/conservative-in-atlanta/obama-s-energy-policies-cost-jobs