According to the Bureau of Land Management, the Obama administration has actually DECREASED APPROVAL OF DRILLING PERMITS BY 36%. Even under Bill Clinton, his administration increased the approval of drilling permits by 58%, and George W. Bush increased approval by 116%.
Oh, and don't forget that a Federal judge has already held the Administration in contempt of court for the drilling permatorium.
"AAA says April is when the East Coast switches from winter fuel blends to the more expensive summer fuel blends. And for drivers that means topping off already abnormally high prices.
“What we’re about to see, the increases will just make it even worse but these are typical increase we would see seasonal,” said Ragina Averella, AAA spokeswoman.
Experts expect prices to jump 10 to 20 cents over the next few weeks before spiking in mid-May at around a record-breaking $4.25 a gallon.
“I actually expect it to go high,” Walter said. “I think $4.50 to $4.70 a gallon isn’t impossible.
But the slowdown in permit issuance for drilling on federal land is totally and completely unrelated
to the price of gasoline. The White House keeps telling us that every
time the subject comes up. As we know from our Acadaemia Institute
economics lessons, increased supply never lowers price.
So, enjoy the videos, even though they are entirely separate and unrelated subjects.
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