Thursday, June 12, 2008

What she really meant to say...

What Nancy Pelosi said today about gas prices in America:

"We cannot drill our way out of this," House Speaker Nancy Pelosi of California countered. Opening the wildlife refuge in Alaska would reduce U.S. gasoline prices by one penny per gallon, she said. She and other Democrats blame President George W. Bush's energy policies for the gasoline price spike.

"A barrel of oil now costs four times more than it did when President Bush took office," Pelosi said. "Two oil men in the White House, cost of oil four times higher. Price at the pump: $4 a gallon."

I'm sure she didn't mean it. I mean, how could somebody of her stature be that stupid? Well, judging by this, it's not real hard:

She said oil companies already lease about 68 million acres of land that is not being drilled. She questioned why oil companies were pushing to open up the ANWR in Alaska when so many acres they currently hold are not being developed.

On that point, a group of Democratic lawmakers introduced legislation that would compel oil companies to drill in lands they are now leasing from the federal government.

"Oil corporations are trying to take control of as much land now during the oil-friendly Bush administration years, but are holding off on drilling until the price of oil soars to $200 or $300 a barrel so they can make even greater profits," said Rep. Maurice Hinchey, a New York Democrat and a sponsor of the drilling bill.

The bill would force oil companies to pay fees for leased lands that go unused. The fees would increase over time. Republicans argue current law already requires oil companies to "use or lose" the lands they lease.

I'm sure what she meant to say was that we can't conserve our way out of this, given the large increase in Global demand coming from China and India in the last few years. I mean, after all, members of Congress can't possibly be that stupid...

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