I oft hear criticism of President Obama for not allowing more off shore oil-rigs, more hydraulic fracking, more pipeline through these United States, etc. Those critics should be pleased to know that, this week, a new pipeline from Oklahoma to the Gulf Coast is now transporting 150,000 barrels of oil per-day with expansion planned that will increase that amount to 400,000 barrels per day by 2014.
Do not celebrate too quickly; all of that oil will be sold on the open market where producers hope to boost profits.
They can because our demands are great as we are extremely needy. For that, you and I will continue to see higher prices for gasoline at the pump.