Roger116 Wrote:
Jun 02, 2013 1:43 PM
There is one problem with drill more and particularly with the price of gasoline. Obama's misguided EPA heavy handed regulations have caused some major East coast refineries to close which ties a knot in the hose that gets the gasoline to the consumer. Normally there is little slack between production, so when a refinery closes it causes prices to go up. Just when we are becoming a replacement for Mid East crude and independence from those who don't like us, under Obama's guidance gas prices are going through the roof. Our only hope is to switch to NG, but they are trying to stop fracking. I do believe we really need to use less, but forcing the price up through over regulation is hard on an already fragile economy undergoing a false recovery.