Congresswoman pushing for $2.00/gal. gasoline

St. Paull Pioneer Press ^ | June 16, 2008 | From The Deer Stand

[From The Deer Stand]

Rep. Michele Bachmann (R-Minnesota) thinks with some new legislation and focus on increasing our energy production drivers could be paying $2 a gallon for gasoline in the future.

Bachman said Congress could make that happen. She said legislation aimed at reducing gas prices and opening up the nation's known petroleum and natural gas reserves could help lower gas prices.

Bachmann said it is a question of supply and demand and said now that gas has reached $4.00 per gallon it is time for Congress to act.

Rep. Bachman said that if the U.S. were to open up reserves it would send a signal to markets that we are serious about increasing supplies which would prompt prices to start going down. In addition, Bachmann said the United States also could supplement new drilling by building more refineries and nuclear power plants and by extending tax incentives for alternative energy sources such as wind.

One notation from an outside observer is that since Americans have become more angered over the increasing price of gasoline, and have been vocal on a plan such as Bachman is proposing, OPEC is already meeting to increase their oil production by 200,000 barrels per day. Apparently OPEC realizes their financial loss if the United States were to get aggressive on being oil and energy independent.

Elwyn Tinklenberg, a Democrat who is challenging Bachmann for the the 6th District seat in Congress, said Bachmann is offering a simplistic view.

[WorkingClassFilth]

You go, girl!

Not to be confused with Yugo Grrl from DU.

[lowbridge]

bump

[chaos_5]

Talk is nice, now lets see congress actually do something.

[don-o]

A chicken in every pot.
Forty acres and a mule

I am sick of pandering.

[Kaslin]

Elwyn Tinklenberg, a Democrat who is challenging Bachmann for the the 6th District seat in Congress, said Bachmann is offering a simplistic view.

Another liberal with a lousy excuse

[Old Sarge]

That’s very nice, Michele.

Now, you’ll just have to convince George Soros to stop manipulating the markets, and you may have something there.

[ChildOfThe60s]

Elwyn Tinklenberg, a Democrat who is challenging Bachmann for the the 6th District seat in Congress, said Bachmann is offering a simplistic view.

Yeah. Simpleminded Republicans. Just can't understand all of the nuances the way our intellectual superiors can.

Well, Elwyn, sometimes in life, things are difficult, but that doesn't mean they are complicated. Geez, these people are such elitist snobs. Everyone that doesn't agree with them is obviously stupid.

[mylife]

Elwyn Tinklenberg?!!!!! LMAO!!!

[RightWhale]

OPEC is already meeting to increase their oil production by 200,000 barrels per day

Not much true fact in this statement.

[Sunnyflorida]

“Opening the US oil reserves does nothing; it did nothing when Clinton did it. Those reserves are for EMERGENCIES, not cost controls.”

You’re joking, Right?

[Graybeard58]

I want 29 cent gas and I want my wind shield washed and oil checked too, green stamps too.

[beelzepug]

“Elwyn Tinklenberg”

Wasn’t that a character in “The Hobbit”?

[ChildOfThe60s]

opening up the nation's known petroleum and natural gas reserves

I think you are misinterpreting what she is saying. I don't think she means "the" SPR. I think she means opening up known reserves for development.

[Jeff Head]

If, via executive order by reason of National Security, the President announced tomorrow a national initiaitve to drill in ANWR, drill of the Gulf Coast, drill off the Pacific Coast, immediatley clear regularoty issues for producing form the Oil shale in the Rocky Mountains, and to build a minimum of ten new refiners (including for heavy cude) and ten new nuclear power plants in the next 5-10 years...

Opec would immediately and drastically lower their price to try and get in front of that and make it economically unfeasable. We might well see prices below $2.00 within a few months as a result.

Our answer would be to take their lower prices and then proceed forward anyway.

THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA

[mylife]

Even Hobbits have ruggeder names than that!

[beelzepug]

“I want 29 cent gas and...green stamps too.”

I’ve just about used up all my spices I got from Enco back in ‘68. Could I get some more?

[21twelve]

The “reserves” she is talking about (”known oil and gas reserves”) means places where we know there is oil and gas based on seismic or previous drilling - but are not open due to government policies, such as ANWR and shallow offshore deposits.

[From The Deer Stand]

Quoting Blooming News, June 16,2006: Saudi Arabia will produce 9.7 million barrels of oil a day next month, an increase of 200,000 barrels above June's level, King Abdullah told United Nations Secretary-General Ban Ki-Moon, according to a UN spokesman.