Obama announces steps to speed US oil production

Obama announces steps to speed US oil production

oil-on-beach
Photograph: © SAF — Coastal Care

Excerpts;

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…

Read Full Article, AP

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