U.S. President Barack Obama, under pressure from Republicans and the public to bring down gasoline prices, announced new measures on Saturday to expand domestic oil production in Alaska and the Gulf of Mexico.
High fuel prices have dented Obama’s ratings in opinion polls and threaten to dampen the economic recovery that is critical to his re-election in 2012.
He saw the writing on the wall here. Obama is still accountable to the public and high oil and gas prices is wreaking havoc with his internal polls.
His re-election is his #1 priority. Would this happen if Obama was in a second term where there would be no re-election to concern himself with?
Now that he has said this, what will the EPA do? Will they follow Obama’s statement?