Oil is a commodity that is sold on the world market. It really doesn't matter where it is pumped out of the ground. If it were drilled for in the U.S. it wouldn't lower our price for gasoline.
Um...yes it would.
Supply/demand. Basic economics. Not to mention--it stands to reason that we will be held hostage much less by an American corporation than by a confederation of terrorists, or terrorist sympathizers.
Of course, it's not just drilling that's needed (although it SORELY is)...
-We desperately need refineries built.
-We desperately need relief from these onerous regulations that are killing our economy.
Obama will not do any of the above. He will continue coddling to, kissing up to, and bowing to these goons. He will refuse to allow drilling. He will refuse to allow the building of refineries. And he will refuse to curtail regulations.
The man either doesn't know what he's doing with regards to energy policy...doesn't care...or (likely) both.