Their policies and lack of tapping our natural resources is to blame. One excuse we have heard year after year is “well even if they start drilling today we won’t see any benefit for 3-5 years.” Okay 1) that’s bull because had they started drilling 5-10 years ago when they were saying this we would see the benefits 2) just the thought of the US drilling for oil will freak out the market with increased supply that prices will come down. All the oil producer nations, ya know the oil cartel, knows this. It’s all just game to the powers that be, for political and financial gain. Don’t even get me started about the caribou or how it’s really a manipulation to go “green”, that’s worked out so well with this regime…. ie Solyndra!
Meanwhile we are all getting hosed at the pump! How much is gas in your area?
Pelosi Statement on Rising Gas Prices
Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today on the rising gas prices across the country:
“Independent reports confirm that speculators are driving up the cost of oil, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not oil shortages, is the cause of the price spike. In fact, U.S. oil production is at its highest level since 2003, and millions of acres have been cleared for additional development.
“We need to take strong action to protect consumers from this speculation. Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws. They have also repeatedly opposed our efforts to end billions of dollars in outdated taxpayer subsidies for oil companies enjoying record profits.
“We support efforts by the Obama Administration to expand domestic energy resources, including natural gas and renewable sources like wind and solar that create jobs in America and will end our dangerous dependence on foreign energy supplies. This can be achieved because today, the United States currently has more oil and gas rigs at work than the rest of the world combined, and imports of foreign oil have decreased.
“We call on the Republican leadership to act on behalf of American consumers and join our efforts to crack down on speculators who care more about their profits than the price at the pump even if these spikes harm the American consumer and our economy.â€