Obamas IOUs Energy Independence

April 8, 2013 - 9:28 AM
FILE – In this Jan. 26, 2009, file photo President Barack Obama signs an executive order on energy independence and climate change in the East Room of the White House in Washington. Every president since Richard Nixon has pushed to cut U.S. dependence on imported oil, but now, for the first time in 30 years, oil imports are falling in a significant way. But even if the U.S. is successful at further reducing imports, prices at the pump will not go down, because oil and gas are global commodities. AP Photo/Ron Edmonds, File)