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Obama to investigate the high gas prices he wanted [Reader Post]

Yesterday Barack Obama promised to get to the bottom of the skyrocketing oil price barrel.

RENO, Nev. (AP) — President Barack Obama said Thursday that the Justice Department will try to “root out” cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline’s surge to $4 a gallon.

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Obama’s Surge in Foreign Oil Dependence Program [Reader Post]

As Glenn Reynolds might say, “They told me that if I voted for John McCain the US would become even more dependent on foreign oil and they were right.”

Following the Deepwater Horizon disaster, Barack Obama put a moratorium on deep water drilling. Then he extended the moratorium and delayed the sales of oil leases in Alaska.

Federal Courts overturned the original moratoriums and Obama went ahead and issued another moratorium and has ignored the Court rulings since then.