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Good evening I'm right -- President Obama came under attack from senate Republicans today they blame him.
For what they say is a forty dollar per tank increase in your gasoline prices since he took office.
Gasoline dropped a fraction of a penny overnight the national average now remains three dollar 76 cents a gallon that is still up 28 cents from a month ago.
The crude oil gained a dollar and a half overnight to close at just over 106 dollars a barrel.
Chief national correspondent Jim Angle tells us today the president went to the politically crucial state of North Carolina.
But had no new answers.
President Obama and congress tackle -- high price of gasoline today and there were two entirely different views of the problems and it's solutions.
The president heard -- trucking firm that uses natural gas -- of fuel arguing that only alternatives can help us because we've produced a little loyal to affect the price.
There are no quick fixes to this problem but listen -- -- you think the work we've got 2% of world oil reserves.
We use 20%.
Of course natural gas is extracted through the same processes oil either drilling or what is known as fracking on which the administration is considering new regulations.
The president repeatedly argued that the US cannot drill its way out of high prices anyway.
You tell you otherwise -- Either doesn't know what they're talking about or they aren't telling you the -- Now the Republican mantra is that we need to drill baby drill.
This slogan may sound good but it's based on a complete fiction.
Democrats repeatedly argued there's nothing the US can do to affect global oil prices no matter how much we drill.
Our gasoline prices are going to rise if there's a crisis in the Middle East.
Labor unrest in Nigeria many others however flatly dispute that one expert says I've prizes are due to vastly increase demand overseas which has not been matched by increase supply the reason.
Is a mix of operations.
Relentless oil demand growth in fast growing Asia and the Middle East on the one hand.
And disappointingly small net oil production growth.
On the other too many talk like we're powerless to do anything but watch global events drive energy costs higher.
And that there are no solutions.
Members of committee.
That's just not so the president however -- more supply isn't the answer there we must lower demand by investing in new technologies that's.
Only solution to the challenge because as we start using -- Lowered the demand.
Prices come down but the industry asked why then do Democrats argued for increase supply from elsewhere it's others who -- called on the saudis to produce more.
Others who have called on other sources such as the Brazilians.
And yet others who recognize supply matters by calling for release from the strategic petroleum reserve.
In fact it was the president who encouraged the saudis in Brazil to produce more mr.
Obama clearly sees the political danger and high prices but not enough to help American firms produce more as well.
-- on this of the panel Jim thank.
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