Obama and Oil..... A love hate relationship.

Reuters reports this week that Obama has promised to slowly cut the US dependence on oil over the next ten years by 1/3. This is directly related to the recent tensions that have been cutting the world in half- such as in Egypt, Ivory Coast, Tunisia, and Libya.

Obama outlined his strategy after spending days explaining the U.S.-led military action in Libya, where fighting, accompanied by unrest elsewhere in the Arab world, has helped push U.S. gasoline prices toward $4 a gallon.


This blog is dedicated to all my classmates who didn't believe me that, in my opinion, the reason why we are fighting in Libya is because of the oil it produces. I do like hearing that the US is wiling to working to being in a position where such a thing wouldn't matter. You'll notice in the quote below that Obama's reassurance is NOT that we'll pump out our own oil, but rather that the US will work towards developing new technology for energy.


"There are no quick fixes ... We will keep on being a victim to shifts in the oil market until we finally get serious about a long-term policy for secure, affordable energy," Obama said.

The original article can be found HERE.