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Obama to speed oil production amid high gas costs
President Obama directs extensions of Gulf and Alaska oil leases and more frequent federal reserve lease sales. He cautions that moves will not quickly lower gasoline prices while noting industry and analysts warn no policy shift can swiftly reduce U S fuel costs. Leaders differ on environmental and federal safety concerns.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
U.S
Gulf of Mexico
Alaska
Obama
Raymond James
Pavel Molchanov
United States
Erik Milito
Upstream
American Petroleum Institute
Robert Menendez
D-N.j
Atlantic
Menendez
House
White House
Senate
Gulf Coast States
Gulf
Interior Department
Virginia
Alaskan
Shell Oil Co
National Petroleum Reserve
AAA
Wright Express
Oil Price Information Service
Molchanov
Middle East
North Africa
Rially
Mulchanoy
House Natural Resources Committee
Doc Hastings
Hastings
Philip Johnson
University of Alabama