President Obama has announced that the U.S. will increase their oil production. The U.S.has extended leases in the Gulf of Mexico and off Alaska’s coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. The process will reduce the need for foreign oil in the long run and eventually keep gas prices low. Expanding the American oil business can bring in millions of jobs and an estimated $194 billion in revenue. Read more after the jump.
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Showing posts with label gas prices. Show all posts
Showing posts with label gas prices. Show all posts
Saturday, May 14, 2011
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