As reelection looms for Obama, is Big Oil in or out?

My latest on Pajamas Media:

Energy industry advocates were pleasantly surprised when President Obama finally bowed to the public clamor to do something — anything — about high gas prices. In an announcement last week, the president promised to speed up lease approval in Alaska and open up a number of new leasing areas in the Gulf of Mexico. Perhaps he’s seen the light?

Not so fast. Consider this breathless excerpt from an “Obama for America” e-mail sent out by campaign manager Jim Messina:

The CEOs from the five major oil companies — which together booked $36 billion in profits in the first quarter of 2011 alone — went to the Senate on Thursday to try to justify the $4 billion in tax giveaways they’re receiving this year.

(continued at Pajamas Media...)