She’s right. Only regulating speculation of oil as a commodity will, or taking it off the US market altogether.
Apparently Mrs. Pelosi believes the law of supply and demand has been repealed.
She is a prime example of how broken our political system is. The only greater example is The Big Zero himself.
My thoughts were: So much for supply and demand. I guess oil shortages wouldn’t matter either? But if we have more oil of our own, we buy less overseas...
Nancy, are you still here? I thought I told you to go home and practice your meatballs...
so, less oil will lower prices, Nancy?
Does anyone have a chart showing US oil supply vs oil prices?
Why is this brain damaged Syria loving twit, allowed to speak??
I trust Nancy because she is smarter than the rest of us. Without Nancy and others like her we would do dumb things and stuff like, you know. /s
She truly is mentally retarded. There can be no other excuse.
In her world doing the right thing does not exist.
Makes perfect sense to someone who thinks we can tax our way to prosperity. I swear, libs live in a bizarro world, where everything is backwards.
Ping.
Morons.
The destruction of the US depends on us NOT having a cheap energy source, from cars to growing food.
THIS IS THEIR PLAN TO KILL THIS NATION.
Disingenuous lying thieving mockers of God. Bletch!
Pelosi is sort of correct.
If all our oil was supplied by domestic sources, we wouldn’t have to import oil, but the price would still be primarily determined by worldwide factors largely unconnected.
Oil prices have not been controlled by the law of supply and demand, the working out of the cost of production versus profitability, for many decades, if indeed it ever was. The supply of oil is determined not by businessmen reacting rationally to changes is pricing but rather by various governments which base their decisions on factors that include profitability only as a side issue.
IOW, the price is determined by supply and demand, of course, but while demand is fairly constant and generally rising, supply fluctuates unpredictably and for reasons that have absolutely nothing to do with the economics of the situation.
Having more government won’t lower oil prices either.
Pelosi makes me ashamed to be an American, she is so stupid, and how she made it so far is a crime....
With more supply, you take supply fears out of the commodities equation. Supply fears are so much of what’s driving up the cost of oil, largely because of unrest in the Middle East. Yes that enables the speculators, but they’re not going to bet on oil if they don’t think the future holds supply shocks and thus big run ups in the price of fuel. Add supply, you take away supply fears. Simple. Nancy Facelift is apparently too stupid to get this.
Regulation and restriction is sure not helping.
How about we just try it and see?
Maybe market forces can bring the price down.
(That is, if that’s the goal)