Quote:
Originally Posted by Vendzilla
As far as gas prices, supply is up and demand is down, why are prices up? We are getting less imported oil now.
We are producing more oil inside the US now, due to the production of tight oil has tripled in the past three years to about 900 thousand barrels per day as of November 2011, largely in North Dakota, Texas and Montana, but much of the production is on state and private lands and not land controlled by the federal government.
Obama has no control of those permits, he has issued less new permits than previous presidents
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Its because the chinese gave up their bicycles for cars.also oil is on the world market even oil pulled from the ground here. also commodities traders run the price up.