Sunday, April 24, 2011

Obama can too bring gasoline prices down

All Obama need do is issue 50 or 100 permits for deep water drilling in the Gulf. Do it on TV, show stacks of paperwork, big "Approved" stamps all over them. Hand the paperwork over to some oil drillers, who then stagger out the door under the load of hundreds of pounds of paperwork.
Then expedite permits to drill in the Arctic ocean.
Then declare "Alaska National Wildlife Refuge" (ANWR, darling of the greenies) open for drilling. Explain that oil wells on frozen tundra don't harm caribou. Then open up the Atlantic and Pacific coasts for offshore oil exploration. Auction off leases to exploit shale oil in Colorado.
Do all of these things before the 2012 election. Watch the price of crude drop back to $50 a barrel. Price of crude will start going down within a week. Doesn't matter that it will be years before any of this comes on line. The crude market is a futures market, the price today is set by what the market thinks the price tomorrow will be.
When the MSM or the Administration says nothing can be done about gasoline prices, they are not telling the truth.

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