Obama to speed up US oil production

May 14, 2011 at 7:12 pm in INFORUM

Effort won’t lower rising gas prices
WASHINGTON 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.
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