Wednesday, July 27, 2011

Relief at the Gas Pump?

As mentioned previously in my speech, gas prices have been on the rise lately. Drivers nationwide have been limiting their consumption of gasoline. SOme of the ways they've accomplished this is by car-pooling to destinations, public transportation and even retiring the automobile for the bike once in a while.

Recently however, President Obama came to his senses to realize that something needs to be done about this problematic situation we are facing. Outside of Andrews Air Base in Washington, D.C, he was quoted saying "We're announcing the expansion of offshore oil and gas exploration but in ways that balance the need to harness domestic energy resources and the need to protect America's natural resources, this announcement is part of a broader strategy that will move us from an economy that runs on fossil fuels and foreign oil to one that relies more on homegrown fuels and clean energy. And the only way this transition will succeed is if it strengthens our economy in the short term and long term.”
What does this mean for consumers like us? This plan will most likely not be put in affect for at least another year so until then we are stuck paying in the $4 range. By Obama implementing this plan, millions of drivers will feel a bit of relaxation, especially in the wallet. This is decision that will be supported by many. This influential decision will hopefully lower those dreadful prices we are forced to pay day in and day out.

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