With gas costs high, Obama to speed oil production (AP) – 1481th Edition

15 05 2011

FILE - In this May 6, 2011, file photo President Barack Obama delivers speaks to workers and guests at a Allison Transmission plant in Indianapolis about his long-term plan to protect consumers against rising oil prices and decrease oil imports. Amid continuing and growing public unhappiness over gas prices, Obama said Saturday, May 13, 2011, that he's directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. (AP Photo/Michael Conroy, File)AP – Amid growing public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska’s coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. But the moves won’t calm spiraling prices at the pump any time soon.

By us.rd.yahoo.com
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