White House: Oil reserves eyed as oil prices rise
WASHINGTON (AP) – President Barack Obama’s chief of staff says the administration is looking at the nation’s oil reserves as it considers options for dealing with the spike in gas prices.
The price of a barrel of oil has passed $100. In the U.S., gasoline is averaging $3.50 a gallon.
Those increases come amid unrest in the oil-producing Middle East, particularly as rebellion rages in Libya.
“We’re looking at the options,” including drawing on the Strategic Petroleum Reserve, William Daley said. “It is something that only is done – and has been done – in very rare occasions. There’s a bunch of factors that have to be looked at. And it is just not the price.”
Here’s an option, why don’t we drill oil from our own resources?
According to this 2008 U.S. Geological Survey article we have plenty of oil, just check their site for yourself.
It looks like this is not an option for the democrats who run our country.
They would rather see average middle class Americans pay through the nose for gas, food and other needed items that grow more expensive at the store shelf due to higher shipping costs.
So why would Obama be opposed to drilling for our own oil when prices at the pump are beginning to sky rocket?
1. Obama wants to tear this country down from the inside and do has much economic damage as possible.
2. Obama wants everyone to switch to very unpractical over priced electric cars and force us to “go green”
3. He is incompetent.
Ether way you cut it this isn’t good.