This news story is both funny and sad. The Housevoted 324-84 to allow the Justice Department to sue OPEC over limited oil supplies:
“This bill guarantees that oil prices will reflect supply and demand economic rules, instead of wildly speculative and perhaps illegal activities,” said Democratic Rep. Steve Kagen of Wisconsin, who sponsored the legislation.
The lawmaker said Americans “are at the mercy” of OPEC for how much they pay for gasoline, which this week hit a record average of $3.79 a gallon.
No, actually Americans are at the mercy of the federal government for how much they pay for gasoline. For years we have tried to open ANWR in Alaska for oil production and Democrats along with some Republicans stopped the plan. President Clinton vetoed a bill that would have opened ANWR to oil production. That was 10 years ago. It should would be nice to have that oil now.
Let’s get serious about the price of oil and open up all of American’s outer continential shelf for oil exploration along with ANWR and allow for the extration of oil shale in Colorado, Utah, and Wyoming. Unless of course, you aren’t actually serious about the high price of oil…