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OBAMA & OIL AND GAS PRICES.

Updated on March 21, 2012

Promises upon promises.

There is no denying that the price of gas is skyrocketing, because the fact of the matter is that the United States and its allies in the United Nations are levying harsh economic sanctions on Iran to refrain from its ambition to acquire the nuclear bomb.

Iran has been insisting all along that its nuclear program is solely for peaceful purposes, and that the making of a bomb is far from the minds of its leaders.

However as a result of the punitive measures against it, Iran has drastically reduced its oil production; and with its rogue behavior in the Arabian Gulf, such as the threat of closing the Strait of Hormuz and other bellicose activities, crude oil prices are rising on the world market.

The situation is adversely affecting many economies, including that of the U.S., and so immediate measures must be taken before things get worse.

Hence, President Barack Obama has agreed to allow the southern part of the Keystone XL oil pipeline to begin at Cushing, "where oil from the Midwest hits a bottleneck as it is transported to the Gulf of Mexico." (CNN, 03/21/12).

Environmentalists are opposed to the whole stretch of the pipeline from Canada to the Gulf coast, but the riding factor is that steps have to be taken to curtail the rising oil and gas prices, otherwise, the country's slow economic recovery will not be written off completely, but it will be slowed down a little more slightly; a situation that nobody must feel happy about.

In other words, the recovery will hobble along fine, but the country needs to see more of an economic growth or progress than where it is presently at; with more job creation for the unemployment figures to go down. It (unemployment) is about 8.3%; however, the lesser the better.

It is a struggle that every American has to be involved in, or at least be concerned about, but because of politics, and particularly, this being an election year, people are looking to assign blame more than helping the situation to get better.

The Republican Party candidates running in the party's nomination race are taking advantage of the situation and preferring bad mouthing the president wherever he turns rather than giving him the encouragement and the push he must have to get the economy back on track again.

They are making all kinds of promises, like bringing the price of unleaded gas to $2.50 a gallon, and creating jobs out of the blue, thinking that voters will be baited to cast their votes for whoever wins the party's nomination.

The president is doing well in the national polls than any of the opposing candidates, with him having 50% to 42% of the votes against his nearest rival, Mitt Romney, who is the front runner in the nomination race, if the election is to be held today.

Showing that he has come a long way after inheriting a disastrous economy. It (economy) has improved considerably under his watch, and that given enough time, he will be able to get the country's financial woes under control.

His reelection campaign is on course, and contributions are coming from people of all walks of life; and those, who are not even interested in politics are hoping that he will succeed in winning a second term to be able to continue with the good work.

His opponents are saying that they can do better; but how? They are not divulging their plans, except and only to make promises upon promises.

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