Democrats' Energy Plan: Tax, Sue, and Investigate
politics, crisis, energy, oil, congress, government, pandering, litigation, liberalism
May 7, 2008, by John Cornyn
More than two years ago, now-House Speaker Nancy Pelosi and her Democratic colleagues promised what they called a “common sense” energy plan to bring down prices at the gas pump. Since that time, the average cost of a gallon of gas has soared from $2.33 to $3.62, an all-time high.
Today, 744 days later, congressional Democrats finally unveiled their grand proposal to the American people.
gas prices
Oil Prices Require Construction Congress, Not Congressional Accusations
May 7, 2008, by Paul Weyrich
Last week President George W. Bush held a press conference on the current state of the economy and the high cost of energy. In it he made several important points. First, he noted that one reason gas prices are increasing is that global supply has not kept pace with the growing demand worldwide. Members of Congress, he noted, "have been vocal about foreign governments increasing their oil production; yet Congress has been just as vocal in opposition to efforts to expand our production here at home. They repeatedly blocked environmentally safe exploration in ANWR. The Department of Energy estimates that ANWR could allow America to produce about a million additional barrels of oil every day, which translates to about 27 millions of gallons of gasoline and diesel every day. That would be about a 20% increase of oil...and it would likely mean lower gas prices."