Oil and gas prices are slowing the economy down to a tragic halt. We have covered this before in previous articles, that the rise in oil and gas prices are due to lack on Wall Street oversight and regulations in the commodities market. Unfortunately that does not stop the right wing machine from lying to the public about domestic oil production. Here is a sample of the lies presented by right wing media. Big Government, a Andrew Breitbart website states, The federal government has not approved a single new exploratory drilling plan in the Gulf of Mexico since lifting its deepwater drilling moratorium on Oct. 12. There are currently 103 plans awaiting review by the Bureau of Ocean Energy Management, Regulation and Enforcement. Michele Bachmann: “One. That’s the number of new drilling permits under the Obama administration since they came into office.” Here is the real story according to the Bureau of Ocean Energy Management, Regulations and Enforcement, Shallow water: To date, 55 new shallow water well permits have been issued since the implementation of new safety and environmental standards on June 8, 2010. Permits have averaged 6 per month since October 2010, compared to an average of 8 per [...]