Michele Bachmann Friday defended her campaign promise made earlier in the week that the price of gasoline will drop back down below $2 a gallon when she is in the White House. The Minnesota congresswoman and Republican presidential candidate pledged to utilize the nation's vast, untapped resources to bring down high energy prices and "create millions of high-paying jobs instantly."

In an interview on America's Morning News radio program, Bachmann said that President Obama's policies have blocked development of America's energy resources and left the country increasingly dependent on foreign oil

"What Barack Obama has done is lock up America's energy reserves," Bachmann said. "We're the No. 1 energy-resource-rich nation in the world. We have more oil in three Western states in the form of shale oil than all the oil in Saudi Arabia. That doesn't include the Bakken oil field in North Dakota or the eastern Gulf region or the Atlantic or the Pacific or ANWAR or the Arctic region."

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Photo of Rep. Michele Bachmann: AP Images