Gas rose 50 cents a gallon within the last month out in CA.
What's Obama's answer? As the Chief in Charge, he can't seem to see black and white. There's always that deceitful, "grey" area, where he needs to form a committee, a czar, and in this case, with gas prices, he's forming a "Task Force" to look into the rising gas prices.
Not common sense, not his own knowledge, - no, he needs to form another group to find out what any American with common sense knows.
He's lent billions to 12 different "green energy" corporations over the last 3 years, and every one of the 12 went "belly-up". For links, just google it.
Today - an article in the Drudge Report, lead me to the Kiplinger report, that shows just how stupid of a POTUS we have.
It isn't supply and demand driving up energy prices.
It's his "CONTROL" that's hindering the supply. We have an abundant of oil and natural gas to last the next 300 years without relying on imports.
Those 300 years would give the U.S. plenty of time to invest in green energy. No, he uses it as an excuse to buy votes from environmentalists, and cater to the middle east, which he has only caused more damage than ever. We are no longer respected by foreign countries as we used to be.
READ THIS - and, to think POTUS can't figure it out and make decisions and tell the truth.
The U.S.' Untapped Oil Bounty
There's enough oil to power the nation for three centuries without OPEC's help -- IF we're willing to go after it.
By Jim Ostroff, Associate Editor, The Kiplinger Letter
June 30, 2008
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Think the U.S. is running out of oil? Think again. What is running low, given soaring demand for energy worldwide, is oil in fields that have already been tapped and are in production -- in other words, the relatively easy-to-get stuff, which oil companies have proven exists and can get at with current technology. Those reserves are clearly being drained. The U.S. has around 20 billion barrels now, down from nearly 29 billion barrels a decade ago and about half the 1970 peak of 39 billion barrels. But...
The U.S. is sitting on the world's largest, untapped oil reserves -- reservoirs which energy experts know exist, but which have not yet been tapped and may not be attainable with current technology. In fact, such untapped reserves are estimated at about 2.3 trillion barrels, nearly three times more than the reserves held by Organization of Petroleum Exporting Countries (OPEC) nations and sufficient to meet 300 years of demand -- at today's levels -- for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil.
What's the problem then? Why aren't oil companies jumping to pump the black gold? Contrary to what some conspiracy theorists would have you believe, there is no cabal of oil companies and foreign governments blocking the way, bottling up U.S. oil production. The reality is much more mundane. Those untapped reserves are located in places that either Uncle Sam has put off-limits for environmental reasons or are too costly to get -- or a combination of both.
Given current sky-high prices for crude oil and the likelihood that oil prices will remain high -- at or above $100 a barrel -- for the foreseeable future, it is now economically viable to tap some of those reserves. But environmental concerns -- ranging from preservation of pristine lands to worries about increasing the use of fossil fuels and accelerating global climate change -- remain a hurdle.
Here's a look at some of the largest untapped reserves.
Oil shales: Oil extracted from shale fields represents the mother lode of untapped reserves, at about 1.5 trillion barrels -- or 200 years worth of supply at current usage levels. Roughly two-thirds of the U.S.'s oil shale fields in Colorado, Wyoming and Utah are in federally-protected areas and closed to development. In addition, getting the oil out of the rock is a challenge, requiring cooking or chemical treatment of rock located as much as half a mile under the earth's surface.
To make oil shale production economically worthwhile, crude oil prices must remain above $50 a barrel for a protracted period. Given the outlook for continued high prices, oil companies such as ExxonMobil, Royal Dutch Shell Inc., EGL Resources, Brazil's Petrobras and others are gearing up pilot projects on nonfederal lands. The potential is to produce 1 million barrels of oil a day within a decade from lands currently open -- and several times that amount if the lawmakers give the green light to development of lands now off-limits.
Tar sands: Around 75 billion barrels of oil could come from tar sands, similar to Canadian fields, which now churn out a million barrels a day. The sands are located predominantly in Utah, Alaska, Texas and California, as well as in Alabama and Kentucky on federal and state lands that, by laws and administrative orders, are closed to mineral and petroleum development.
The outer continental shelf (OCS): Something in the neighborhood of 90 billion barrels of oil sit beneath the ocean bed 50 to 100 miles off the Atlantic, Pacific and Gulf coasts. Presidential bans and congressional prohibitions have put the tracts off-limits to oil company exploration at least until 2012, although there's a chance that Congress may lift the moratorium before then. In recent months, several key policymakers, including GOP presidential candidate John McCain and Florida Governor Charles Crist Jr. (R), have reversed their positions on drilling in the OCS. Crist's change of mind may signal a new trend. Concern about potential damage to his state's beaches and Florida's critical tourism industry had dictated his opposition to drilling off the state's coasts. But the state's growing budget woes -- and the prospect of capturing some cash from off-shore leasing -- is proving alluring.
The Bakken Play: With up to 100 billion barrels of oil, the reserves locked under rocks buried a mile or more beneath Montana and Saskatchewan, Canada, are more than twice the size of Alaskan's entire oil cache. New drilling and oil recovery technologies are overcoming production obstacles and petroleum companies are rushing to stake their claims. Marathon Oil recently acquired about 200,000 acres in the area and will drill about 300 oil wells within five years. Brigham Exploration and Crescent Point Energy Trust also want a piece of the action. EOG Resources alone figures it can produce 80 million barrels of oil from its Bakken field. But It will take at least five years before the oil starts flowing in large volumes.
The Alaska National Wildlife Refuge: About 10 billion barrels of oil are locked away here, with little possibility that federal lawmakers will open the door.
Of course, it isn't enough to simply get at the oil in these and other U.S. reserves. Providing major new supplies to U.S. consumers also requires a significant jump in refining capacity. But existing environmental regulations and community opposition make it tough to build new refineries. The last new domestic refinery was started up in 1976. And even if the technology and political will came together to allow oil companies access to the untapped reserves, they'll be reluctant to do so if the U.S. doesn't also have the capacity to refine the petroleum produced.
Read more:
http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html#ixzz1pBzXuQrB Become a Fan of Kiplinger's on Facebook
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There's these 6 little guys sitting around the OPEC table who pick a number, whichever the wind is blowing, and sets the price.
Ask Trump. Now, when Trump's wealth is being hit on, you'll hear logic from him. It's those 6 OPEC guys that set whatever price they want.
I talked to a gas station owner, he is from the middle east. He said the prices will indeed, hit $5.00 a gallon. He looked Pakistanian to me. His face got really mad while explaining to me, "the industry is being run by the MOB". I can go on and explain what he told me, but you and I already know it's a political fix. He said so, and he runs the gas station along I-80 West, way out west.
Not One NATION has spent and wasted so much money on green energy, that even the windmills are deemed worthless. When the wind stops blowing...well, those windmills pretty much quit working. Besides being unsightly, each and every one of them kill hundreds of birds a day. Ever walk up to one? I bet the Environmentalist and PETA don't object to the friends (Environmentalists - windmills) killing the friends of feathers who flock together (PETA), which translates into: Windmills KILL BALD EAGLES, too!
Well, just the other day I read somewhere the green projects of which POTUS lent billions to, and watched them go under. Let me see if I can dig that up:
OOPS! Just found out there is an investigation going on for the "Electric" cars!!!!! Here, I found a most recent link, noting all the failed, bankrupted "green" jobs, including Solyndra, where the CEO's got raises, et., then filed bankruptcy. It's a four or five page report, but what the heck, if you want to hear what is exactly going on IN WA., and what the sneak-in-Chief is up to...read on. There's even a video for you to sit back and watch. Grab the popcorn. It can get boring. Nothing like "NO NEW NEWS IS NO NEWS".
http://abcnews.go.com/Blotter/green-firms-fed-cash-give-execs-bonuses-fail/story?id=15851653#.T2H0IJjN5Hg 
Think GREEN...as in MONEY!
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