Process of leasing, evaluating, drilling, and developing an oil or natural gas field typically takes five to ten years

High Gas Prices are Part of the Plan

By Institute for Energy Research —— Bio and Archives--May 18, 2011

Global Warming-Energy-Environment | Comments | Back To Full Article

It is not too difficult to understand President Obama's point of view on energy. When he first took office, he was given the opportunity to select a new Secretary of Energy. He chose Steven Chu, who had just been quoted in the Wall Street Journal saying that "somehow we have to figure out how to boost the price of gasoline to the levels in Europe." Currently, a gallon of gasoline in Europe will set you back over $8.

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