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Which would be lower if the obama admin allowed drilling on fed land.Originally posted by wvkeeper(HN):
The oil shale boom (which is why oil and gas prices have plummeted in America) is not the result of positive work by this or any other administration, but totally apart from it. One of the fallacies of both parties is that they think they have any real day-to-day effect on these kinds of things. At best a President can help/hurt, but they cannot stop or create these kinds of revolutions. The market does this on its own. So just like President Clinton's economy benefited from the creation and mass-introduction of the internet, President Obama is being helped immensely by the flooding of the market with the supply of oil and gas which is bottoming out the price you pay at the pump.