Obama Administration Announces New Gulf Oil Exploration Deal

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Raising the lease prices are only going to drive up the cost of any oil produced. And that will be passed on to the American Consumer. The nations of OPEC pay the lowest prices for gasoline. Kuwait for instance pays 79 cents a gallon for gasoline. We export 20 times the amount of oil and gas and we are paying close to $4.50 a gallon. Something is terribly wrong with this picture.
So let's put 50 or 100 deep water drilling rigs in the most turbulent body of water in the world and hope for the best???? Boy gotta give to the boys over at the EPA....they sure must be doing their homework!!!!!(NOT)
There are plenty of drilling sites that are on land that can be used before taking the chance of dumping another billion or so barrels of raw crude into the Gulf.

BTillson of NY 8:56PM January 31, 2012

OK, the Alternatives are not here. It's domestic oil, not imported. Would anyone rather have a pipeline from Canada? The oil industry has to work under new regulations and I would rather see oil here from the Gulf and Alaska than from the shale oil of Canada.

Gerald Leddin of AR 2:10AM January 28, 2012