Five Things Congress and the President Are Doing to Bring Back Sky-High Gas Prices

[ozzmdj]

Gasoline prices are up since the start of the year, but the summer of 2009 has thus far been a bargain at the pump compared to a year ago when prices exceeded $4 a gallon. However, the respite from sky-high prices is likely temporary.

A return to $4 a gallon gas--or higher--will be made even more certain if Congress and the President succeed in enacting a host of proposals to crack down on domestic energy supplies. Instead, the federal government should support several pending pro-domestic energy measures that would help meet the nation's growing demand in the years ahead.

Five Things Congress and the President Are Doing to Bring Back Sky-High Gas Prices

 

[Mr. H.]

Excellent post.

Here's some more food for thought:

The Bias Against Oil And Gas

washingtonpost.com/wp-dyn/content/article/2009/05/03/AR2009050301849



For some reason, I'm not trusted with posting URL's until I've made 15 total posts.

Considering the brutal recession, you'd expect the Obama administration to be obsessed with creating jobs. And so it is, say the president and his supporters. The trouble is that there's one glaring exception to their claims: the oil and natural gas industries. The administration is biased against them -- a bias that makes no sense on either economic or energy grounds. Almost everyone loves to hate the world's Exxons, but promoting domestic drilling is simply common sense.

Contrary to popular wisdom, the United States still has huge oil and natural gas resources. The outer continental shelf (OCS), including parts that have been off-limits to drilling since the early 1980s, may contain much natural gas and 86 billion barrels of oil, about four times today's "proven" U.S. reserves. The U.S. Geological Survey recently estimated that the Bakken formation in North Dakota and Montana may hold 3.65 billion barrels, more than 20 times a 1995 estimate. And there's upward of 2 trillion barrels of oil shale, concentrated in Colorado. If only 800 billion barrels were recoverable, that would be triple Saudi Arabia's proven reserves.

More at the link.

 

[rdean]

From the Heritage Foundation? What do they know?

 

[Mr. H.]

From the Heritage Foundation? What do they know?

It appears that over the past five years, considering the quoted text, the Heritage Foundation has made an ass of you. You usually do it yourself, but a little help never hurts.