National Gas Reserves

President Obama is holding a live press conference and speaking with America about gas prices. He says that he may tap the reserve but this is most likely not going to happen. He says that we only control 2% of the world’s oil but we consume 25% of the world’s oil.

He points out since this is true that we can not possibly stop our problem by tapping into natural gas reserves. Obama also said that he is going to give a tax break for the every day working class family so that they will have about 80 more dollars a month in their paycheck because of these tax cuts.

Obama suggests that we are going to invest in clean energy instead of trying to figure out other options to get more gas. He also spoke about cars running off alternative energy that could get 100+ miles per gallon.

So as of right now it looks like the national gas reserves will not be tapped into.


Comments

  1. Michael says:

    What I find odd is that the normal american worker these days can’t afford a ‘green’ car. And gas prices are not going to make it easier for that either. I knew that the price was going to rise when Bush left office, Obama hasn’t really done anything these last few years other than spout how he is going to change things the only change that has happened is everything is starting to cost a lot more. That can’t come up with a budget because they all have massive paychecks and can’t loose them, I can’t stand parts of our Government.

Speak Your Mind

*