"The president has failed in his economic policy, and now he wants to say,
'but for drilling in protected areas offshore, our economy would be thriving and
the price of gas would be lower.' That hoax is unworthy of the serious debate we
must have to relieve the pain of consumers at the pump and to promote energy
independence.
Today, the New Direction Congress will vote on legislation to bring down
gas prices by taking crucial steps to curb excessive speculation in the energy
futures market. The president himself could lower prices by drawing down a small
portion of our government oil stockpile, the Strategic Petroleum Reserve. The
New Direction Congress will continue to bring forth responsible proposals to
increase supply, reduce prices, protect consumers, and transition America to a
clean, renewable energy independent future."
Instead, she blocked a vote on drilling and then shut the joint down. As reported here before, blaming speculators for current gas prices is like blaming the dead canary for the gas in the coal mine. But this sounds good to her willfully ignorant base because if someone is making more money than them doing something they don't understand, then it must be evil.
This is the same type of warped warped logic that says the law of Supply and Demand is "a hoax" while believing that the theory of Global Warming is fact.
Pelosi also tells us that the idea of increasing our domestic oil supply by billions of barrels is unworthy of serious debate (sound familiar?), but then proposes to lower prices by releasing some of the 35 days worth of oil supply in the Strategic Petroleum Reserve. That will lower prices by at least a penny for five minutes.
She and Obama must have gone to the Salvador Dali School of Economics.
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