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As Americans worry about rising gasoline prices, President Barack Obama is defending his energy policy. The president went on the road Thursday to answer Republican election-year criticism that he is not doing enough to solve the problem.
Higher prices at the gasoline pump are making Americans nervous, and White House officials are concerned about the possible effects fuel prices might have on President Obama’s reelection campaign.
The president visited the University of Miami in Florida on Thursday to discuss the problem and his administration’s long-term plan to reduce U.S. dependence1 on foreign oil.
Obama told students that the price increases are mostly a result of events in other parts of the world.
“Oil is bought and sold in a world market. And just like last year, the single biggest thing that is causing the price of oil to spike2 right now is instability in the Middle East, this time around Iran,” Obama said.
Jeff Mower3, editor-in-chief of the New York-based Pratts Oilgram Price Report, agrees that the rise in U.S. gasoline prices is due largely to factors beyond America’s shores.
“Tensions surrounding Iran right now, problems over in Sudan, which is shutting crude production - all of this has helped to drive up the price of Brent crude and also gasoline prices,” Mower said.
Mower also says that lower profit margins4 have led oil companies to close some refineries5 outside of the United States, which is also driving up prices.
Opposition6 Republicans say that Obama is not doing enough to encourage domestic oil production. At Wednesday’s Republican contender presidential debate, Newt Gingrich said increased drilling would lead to dramatically lower gasoline prices.
“If we would open up federal land and open up offshore7, you would have $16-18 trillion - not billion-trillion - in royalties8 to the federal government in the next generation - an enormous flow, which would drive down prices to $2.50 a gallon, would help [U.S. federal] balance the budget and would create millions of jobs,” Gingrich said.
Republicans have also criticized the president for postponing9 a decision on approving the Keystone Pipeline10 project, which would carry oil from Canada to U.S. refineries.
In Miami on Thursday, Obama ridiculed11 Republican criticism. He said his administration has approved an unprecedented12 amount of domestic oil and gas production. But, he said, more drilling alone would not solve the problem.
“It means that anybody who tells you that we can drill our way out of this problem does not know what they are talking about or just is not telling you the truth,” Obama said
The president again called for support for his comprehensive strategy to reduce America’s dependence on foreign oil.
“If we are going to avoid being at the mercy of these world events, we have got to have a sustained, all-of-the-above strategy that develops every available source of American energy. Yes, oil and gas - but also wind and solar and nuclear and biofuels and more," he said.
Gasoline prices in the United States have reached an average of more than 92 cents per liter. More than half of the Americans surveyed in a new public opinion poll say that price could exceed $1.32 this year.
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1 dependence | |
n.依靠,依赖;信任,信赖;隶属 | |
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2 spike | |
n.长钉,钉鞋;v.以大钉钉牢,使...失效 | |
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3 mower | |
n.割草机 | |
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4 margins | |
边( margin的名词复数 ); 利润; 页边空白; 差数 | |
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5 refineries | |
精炼厂( refinery的名词复数 ) | |
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6 opposition | |
n.反对,敌对 | |
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7 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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8 royalties | |
特许权使用费 | |
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9 postponing | |
v.延期,推迟( postpone的现在分词 ) | |
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10 pipeline | |
n.管道,管线 | |
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11 ridiculed | |
v.嘲笑,嘲弄,奚落( ridicule的过去式和过去分词 ) | |
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12 unprecedented | |
adj.无前例的,新奇的 | |
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13 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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14 populous | |
adj.人口稠密的,人口众多的 | |
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