Jeff Goldstein has done us all a service, at great risk to his sanity. He delved into a Nancy Pelosi press release, wherein she blamed high gas prices on eeeeeeeee-vil speculators, Wall Street, Republicans, the Easter Bunny, and the wreck of the Edmund Fitzgerald. Okay, I made up the latter two, but, really what can you do with anything Nancy Pelosi says but laugh at it and pity the poor people who have to spend all day listening to her attempt to warp reality to fit her own bizarre worldview.
As it happens, Jeff did the one useful thing you could do with a Nancy Pelosi statement. He identified all the lies and put links behind them to the facts and for that, we should all be grateful. Here’s just a bit of his post, which really should live a long and useful life in your bookmarks. I guarantee you, as gas prices rise toward $4 this summer, you’re going to get a lot of use out of it.
Independent reports confirm that speculators are driving up the cost of oil, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not oil shortages, is the cause of the price spike. In fact, U.S. oil production is at its highest level since 2003, and millions of acres have been cleared for additional development.
We need to take strong action to protect consumers from this speculation. Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws. They have also repeatedly opposed our efforts to end billions of dollars in outdated taxpayer subsidies for oil companies enjoying record profits.
We support efforts by the Obama Administration to expand domestic energy resources, including natural gas and renewable sources like wind and solar that create jobs in America and will end our dangerous dependence on foreign energy supplies. This can be achieved because today, the United States currently has more oil and gas rigs at work than the rest of the world combined, and imports of foreign oil have decreased.
We call on the Republican leadership to act on behalf of American consumers and join our efforts to crack down on speculators who care more about their profits than the price at the pump even if these spikes harm the American consumer and our economy.
Jeff also took a few well-placed shots at Bill O’Reilly, Hero of the People, for his shameful Pelosi impression. Do read the whole post. and follow the links so that the nest time you hear a Democrat reading the Democrat-approved talking points of the day, you’ll be able to knock them down with the practiced ease of Pelosi’s plastic surgeon shoving another quart of botox into her face.
Category: Thinking About Energy