Politics as Usual
I received a story today from U. S. Newswire that goes to show that some Democrats also don’t “get it”.
House Democratic Leader Nancy Pelosi released the following statement today on news reports that the price of oil has skyrocketed to more than $70 a barrel:
“The Republican Rubber Stamp Congress has passed two energy bills, costing taxpayers $12 billion for giveaways to big oil companies. But the Republican bills clearly have done nothing to lower gas prices, as the price of a barrel of oil has settled above $70 a barrel – the highest price in our history. Even the Chairman of the Federal Reserve agrees that gas prices are decreasing the purchasing power of American families and depressing the U.S. economy.
I almost hate to point out that the biggest giveaway was to the ethanol industry, by mandating an increase in the inefficient production of grain ethanol. But that’s not the reason for my ire. This is:
“Democrats have a plan to lower gas prices, taking America in a new direction that works for everyone, not just the few. Our plan would empower the Federal Trade Commission to crack down on price gouging to help bring down skyrocketing gas prices, increase production of alternative fuels, and rescind the billions of dollars in taxpayer subsidies, tax breaks, and royalty relief given to big oil and gas companies.”
You see, Nancy, lowering gas prices is not a solution. If America is “addicted to oil”, how exactly is lowering the price going to help us end that addiction? Higher prices will have the effect of slowing down our use of oil, especially if prices stay high for an extended period of time. I can understand your concern for American families, but you are not helping matters by calling for lower prices. Have you ever heard of Global Warming? Didn’t you recently issue a press statement condemning the Bush administration for failing to take action on Global Warming? Do you think lower gas prices will improve the situation? Given that we have had falling gasoline inventories in this country for several weeks, do you think lowering prices will help us build those inventories back up? Or will they make inventories fall at an ever faster pace? That is why gasoline prices are high, Representative Pelosi. The sooner Democrats learn that lowering prices is going to do nothing but make the problem worse, the better.
Politicians. Sheesh. Don’t we deserve something better than constant pandering to people? Can someone have the guts to look into the camera and say “Gasoline prices are high because of YOU, the consumer”? Can someone have a frank talk with the American public and explain that cheap gasoline is not an entitlement? We need some real leadership here. Europe has learned to deal with high prices by learning to conserve. It is time we learned the same lesson, but lower gasoline prices won’t encourage anyone to conserve.
2015 EIA Energy Conference
June 15-16, 2015 - Washington, D.C.
Platts North American Crude Oil Summit
February 26-27, 2015 - Houston, TX