Saturday, December 11, 2010

Gas Up $1 A Gallon On Obama's Watch

The dollar keeps loosing value because the democrats keep insisting we borrow more money for their deficit spending plans.  Combine record deficit spending and this administrations unwillingness to develop our own oil and gas reserves the price you pay at the pump has gone up.

It's just simple math that the less our dollar is worth the more dollars it takes to buy a barrel of oil from OPEC.

"The reason that it dropped is because the U.S. sent a signal to the markets, by dropping the moratoria, that we're going to drill on our lands. Obviously, we never followed up, and thus you see the crisis gradually rising," said Rep. Doc Hastings of Washington, the ranking Republican on the Natural Resources Committee. 

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