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The american petroleum institute telling fox we are pleased to see the interior department announce a restart to the long delayed on shore leasing program under the law, but concerned it adds new barriers to increasing energy production, including removing some of the most significant parcels. all of this doing little to nothing to help americans that are struggling today with energy prices as experts warn consumers should prepare for prices to go back up again. unfortunately i don t have good news for the consumer. i see it rising another 10 to $0.15 a gallon, up to 4.20 on a national average. and he says we should expect to see the oil from the leases in about a year s time. in the meantime, prices are high. bill: that s a fact. madison, thank you. nice to see you, madison, here in new york. sandra: that s a pain. ....
Done. number one, you look at off-shore permitting. we re still 30% before premoratorium levels, on shore leasing on properties, lowest level under this president. when he talks about higher production, it s not because of anything he s done. it s because of decisions before his administration took office. secondly, you look at fracking, natural gas prices have fallen from 2008, $13 to $14 to less than $3. we were looking to import natural gas back in 2008 and now we re looking to export natural gas from this country. yet this administration continues to threaten to shut down fracking with their regulations. third, you look at this administration s pursuit of regulations like tier 3 gasoline standards could add a quarter to the gallon, the cost of a gallon of gasoline. you look at cap and trade, just the threat of cap and trade can freeze industry investment. we re talking about multibillion, multiyear and multibillion dollar investments in producing energy. the threat of uncertainty f ....