ECON 101: Scarcity creates value.
Want gas prices to go down? Allow more investment, exploration, development, pipelines, and refineries domestically.
Yet, as frustrated as he is, he will not greenlight the completion of the Keystone XL Pipeline.
Such activity will have to occur outside North America and Western Europe - Guyana, Suriname, Namibia, etc. - if the Chi-coms don't get to the oil first.