Monday, February 27, 2012

America in an oil boom....Gas prices continue to rise...

Despite the United States being in one of the largest oil booms in its history, gas prices have increased by 10% over the last month bringing the national average to almost 4 dollars. However, this oil boom may have more of an effect than you think. If the United States opened all of its land despite national parks up to drilling, the nation's dependency on foreign oil, while creating 1.4 million jobs and 800 million in revenue. Our executives at oil companies say that this is a chance that we as a nation need to take unless we want to get used to the price of gasoline. With tensions in Iran seeming to be on the verge of a war, Americans may get used to the sight of more oil rigs in places they didn't used to see.

http://money.cnn.com/2012/02/27/news/economy/oil_boom/index.htm?iid=Popular

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