Posted on 05/12/2022 9:22:53 AM PDT by blam
Brilliant!
During her weekly press conference, House Speaker Nancy Pelosi unveiled the Democrats’ latest plan to slow the surge in gas prices that is top of mind for Americans. Their solution is (drum roll please): price controls!
Having begged OPEC to pump more (and quietly asked the dastardly domestic fossil fuel crowd to help out), Democrats blew their wad on the largest SPR release in history… and achieved nothing, as gas prices reached a new record high…
Democratic Congresswomen Kim Schrier and Katie Porter have introduced the ‘Consumer Fuel Price Gouging Prevention Act’ that will give the President the power to issue an Energy Emergency Declaration that would make it unlawful to increase gasoline and home energy fuel prices in an excessive or exploitative manner.
“At a time when people in the 8th district and across the country are feeling the pinch at the gas pump, Congress needs to be doing all it can to bring down costs for American families. What’s infuriating is that this is happening at the same time that gas and oil companies are making record profits and taking advantage of international crises to make a profit. This must stop,” said Rep. Schrier.
“Gas and oil companies should be held accountable and should not be making the situation worse by gouging Americans at the pump. This bill needs to be passed and signed into law as soon as possible.”
“Oil companies are not struggling—they continue to announce record profits and tens of billions dollars’ worth of stock buybacks—but families are,” said Rep. Porter, Chair of the House Natural Resources Subcommittee on Oversight.
“Big Oil is price gouging families because they can. Enough is enough. I’m proud to help introduce this bill that will hold these corporations accountable, stop their abuse, and give families relief.”
Watch Nancy explain it all so easily…
Perhaps an ‘economist’ could explain what happens to supply of something is government enforces a cap on the price of that thing… (Hint: it does not go up!)
Brace for more shortages if this bill passes!
Rome is collapsing before our very eyes.
Nixon used price controls on oil?? Forgot..
These people need to be taken out and forced to live on $10/day.
Good idea. Can’t buy what doesn’t exist.
Price control…look for rationing
Total stupid idiot! She is old enough to remember the worst mistake Jimmy Carter made - fixing gasoline prices. Maybe she, being an elite, didn’t have to wait hours in line for gas. I was a traveling salesman then, hours in the gas pump line rather than selling to my customers. And she is calling to repeat this kindergarten level mistake? Shame on the people who vote for an incompetent, (over and over).
Odd/even days are coming.
Anyone else remember those?
L
Pelosi is an idiot.
No mention of Big Pharma, with it's record profits and not just taking advantage of an international crisis, but in deed making the crisis they are taking advantage of.
Hey genius, the companies are not going to operate..period.. at a loss. Then what?
Yes he did and you should have seen the gas lines. It was in response to the OPEC oil embargo.
Just like the gas lines caused by Carter.
Gas went from about 28 cents gallon to over 60 under Nixon, and from over 60 to over a buck and a quarter under peanut.
I Say: Go for it Nancy! Price controls on everything!
Let’s collapse your botox, deep-state, woke fantasy world as fast as possible!
Atlas Shrugged Ping!................
She could call it “Directive 10-289”.
so says the woman who never provided good and services to the economy. She makes nothing.
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Price contols?
Here comes the shortages and rationing.
Happens every time. Just ask Jimmah Carter and Maduro etc.
5.56mm
They really DO want to go 100% jimmy carter.
I assume we will see the odd/ Even license plate gas station days soon too? rationing and price controls
Siphoning gas out of your car into a can for fun and profit?
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