U.S. oil production down, imports up

Gas prices are headed up and the conventional wisdom in the mainstream media explains the increases as attributable to "uncertainty" caused by political unrest in the Middle East, especially Libya. But the truth is, even if Libya stopped exporting any oil, the U.S. gets less than two percent of its imported petroleum from there. By contrast, there is no uncertainty about what is happening here in the U.S. as President Obama, Interior Secretary Ken Salazar, Energy Secretary Steven Chu, and EPA Administrator Lisa Jackson are doing everything in their power to make it more difficult to find and produce our incredibly abundant domestic energy supplies. The result - as their policy intends - is energy prices head upward. The Energy Information Administration (EIA) released its latest short-term outlook earlier this week...more