Posted on 07/30/2008 12:59:11 PM PDT by DallasBiff
Last update: 2:06 p.m. EDT July 30, 2008 WASHINGTON, July 30, 2008 /PRNewswire-USNewswire via COMTEX/ -- Speaker Nancy Pelosi released the following statement today in response to remarks by President Bush on energy this morning at the White House: "The President knows, as his own Administration has stated, that the impact of any new drilling will be insignificant - promising savings of only pennies per gallon many years down the road. Americans know that thanks to the two oilmen in the White House, consumers are now paying $4 a gallon for gas. But what Americans should realize is that what the President is calling for is drilling as close as three miles off of America's pristine beaches and in other protected areas. "The President has failed in his economic policy, and now he wants to say, 'but for drilling in protected areas offshore, our economy would be thriving and the price of gas would be lower.' That hoax is unworthy of the serious debate we must have to relieve the pain of consumers at the pump and to promote energy independence. "Today, the New Direction Congress will vote on legislation to bring down gas prices by taking crucial steps to curb excessive speculation in the energy futures market. The President himself could lower prices by drawing down a small portion of our government oil stockpile, the Strategic Petroleum Reserve. SOURCE Office of the Speaker of the House
(Excerpt) Read more at marketwatch.com ...
I think it would be better to give increase figures in percent per year.
From Jan 2001 to Jan 2007, gas rose at an annual rate of 7.7% per year. From Jan 2007 to July 2008 (assuming 18 months) the annual rate of growth is 44% per year. Not quite so dramatic a figure as 74%, but 5.75 times as fast as previously.
What sort of fuel can be had for under $1/gallon?
From 2005....
Cow manure eyed as alternate fuel source
Manure was the first thing I thought of, but doesn't sound like cow chips are gonna do it.
The store right up the street gets $1.29 for a 16 oz. bottle. Across town, the gas station gets $1.79 for the same bottle. Nobody complains about it either.
I had the same experiecne, 9% nancy wont let any one express their opinion..... this is her version of free speech...
President Bush needs to start issuing some late night Executive Orders. Clinton did to our disadvantage, why not issue them for our advantage. The only way drilling is going to start happening is if he by-passes those idiots at Capital Hill and does it himself!
Perfect!
Nancy Pelosi is insane.
That's the only explanation. Aside from terminal stupidity.
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