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Congress tries to tackle high gas prices..

Discussion in 'Political Zone' started by Dallas, May 18, 2008.

  1. Dallas

    Dallas Old bulletproof tiger

    11,514 Messages
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    Congress tries to tackle high gas prices

    by Channel 2 News staff

    May 17, 2008

    With the average price of a gallon of regular gas approaching $4, Congress is planning more hearings next week to discuss the problem.

    The Senate judiciary committee is summoning top oil company executives and they can expect some tough questioning.

    Alaska Sen. Lisa Murkowski says people in one small town in her state are already paying $8.65 a gallon.

    The Energy Department has stopped buying additional oil stockpiles for the nation's strategic petroleum reserves and says it won't buy more for the rest of the year. That move came a day after Congress passed legislation requiring the president to stop the oil purchases.

    Some lawmakers believe the 70,000 barrels-a-day that will now end up on the open market will lower gas prices. The White House says it probably won't make a dent and some analysts agree.

    That last part is laughable. These lawmakers they are talking about are the Dems against opening ANWR, because the say that the 1 million barrels a day that it will include in the nations supply would not put a dent in the price of gas.

    They then go out and do this so that 70,000 more barrels hit the US market hoping that it will help.


    How is 70,000 barrels going to help when 1,000,000 will not?


  2. Cajuncowboy

    Cajuncowboy Preacher From The Black Lagoon

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    70,000 barrels a day on the American market will not have an effect on the oil prices.

    It is a short term political proposition. If they want real effect, then open up ANWAR, open up some new refineries and make more of our own gasoline.

    I can't believe the democrats think we are that stupid. Of course they have been making a living off their constituents for decades because of it but....
  3. Bach

    Bach Benched

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    There hasn't been a new oil refinery built in the U.S. since 1976. You can thank the tree-hugging, wacko liberal Democrats for that.

    There is so much regulation put on new oil drilling and refinery by these people, yet they are the first to complain and point their fingers at the Republicans. It's ludicrous.
  4. Jon88

    Jon88 Benched

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    Gas prices are ridiculous. It's highway robbery.
  5. DallasFanSince86

    DallasFanSince86 Pessimism Sucks

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    Guess someone didn't pay attention in math class.

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