Democrats responsible for your high gas prices

Investor's Business Daily Editorial:

• For the past 31 years, Congress repeatedly prevented us from building any new oil refineries that we now badly need.

• More recently, congressional Democrats defeated and discouraged any bill that would let us drill in the deep sea 100 miles out. However, it's somehow OK for China to drill there.

• As a further indictment of our Congress, since the 1980s it has continually stopped all building of nuclear power plants while France, Germany and, yes, Japan, plus 12 other major nations, did build plants and now get 20% to 80% of their energy from their wise and safe nuclear plant investments.

• From 1990 to 2000, U.S. crude oil demand rapidly accelerated by 7.41 quadrillion BTUs, according to Department of Energy data. And our rate of foreign oil dependency dramatically increased while our domestic oil production steadily declined.

Under the eight Clinton years alone, U.S. oil production declined 1,349,000 barrels per day, or 19%, while our foreign imports increased 3,574,000 barrels per day, or 45%.

During this time, President Clinton vetoed ANWR drilling bills that would have clearly made Alaska our No. 1 state in the production of our own vitally needed oil supply, not only for all Americans but also for national defense emergencies.

So were Democrats and members of Congress together merely short-sighted, with only a few having any real business experience?

Or were they just ignorant about economics — the fact that the law of supply and demand determines the price of all commodities such as oil, steel, copper and lumber?

Or were they simply and utterly irresponsible and incompetent in their actions that led us to become dangerously dependent on increasing oil imports from foreign countries?

We think it was "all of the above."

...

I think it is worse. They did it on purpose. They have been strangling supply to drive up the price in hopes that it will force conservation on a public that does not want it. They would have preferred to drive up the price with taxes to get more revenues to use to buy votes from their constituent groups. The problem is compounded by their general hatred of energy in all forms.

This should be an election issue this year. Hopefully the Republicans can seize the issue and run with it. Energy countries should also engage in an education effort.

Comments

  1. You're right. It was on purpose. I would like for someone to outline how the eco-whackos gained so much power over the years.
    I would also add that the reason they can accomplish their aims is the indoctrination public schools visit on their pupils. The students are told that they have to "save the world". Heady stuff. Their miseducation also leads to non-education in essentials. They can put a condom on a banana but they can't add two and two. An uneducated voter is an easily manipulated voter.

    ReplyDelete
  2. People need to wake up. You are absolutely correct. This is not capitalism run a muck as the Congress is trying to convince people. This is a successful plan coming together through careful planning.

    First Nuclear Power was shut down. Now oil. A tremendous attack is under way against coal.

    Post while you have power.

    ReplyDelete

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