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Back to Home » May 2011 News » With gas costs high, Obama to speed oil production |
With gas costs high, Obama to speed oil production |
May 15, 2011
WASHINGTON (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....
Source URL: http://hosted.ap.org/dynamic/stories/U/US_OBAMA?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT
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