The 1970s came back so fast, I didn’t even have time to buy some leisure suits. Faced with massive inflation and an energy crisis, the obvious solution would be to incentivize more extraction and refining by lowering regulatory hurdles, a solution that eventually helped end the cyclical energy crisis 40 years ago.
Instead, Democrats have decided to act by canceling lease sales, erecting more regulatory hurdles, and attacking … “price gouging.” Bloomberg Energy reporter Javier Blas reports that Nancy Pelosi will float a bill in the House that would give Joe Biden the authority to impose price controls on gasoline:
US House Speaker Nancy Pelosi says Democrats will next week present a bill on gasoline price gouging.
The bill will enable the president to issue emergency declaration making it illegal to increase the price of gasoline
https://hotair.com/ed-morrissey/202...o-push-federal-price-caps-on-gasoline-n468952
The only thing worse than gas at five dollars a gallon is no gas at three dollars a gallon.
Instead, Democrats have decided to act by canceling lease sales, erecting more regulatory hurdles, and attacking … “price gouging.” Bloomberg Energy reporter Javier Blas reports that Nancy Pelosi will float a bill in the House that would give Joe Biden the authority to impose price controls on gasoline:
US House Speaker Nancy Pelosi says Democrats will next week present a bill on gasoline price gouging.
The bill will enable the president to issue emergency declaration making it illegal to increase the price of gasoline
https://hotair.com/ed-morrissey/202...o-push-federal-price-caps-on-gasoline-n468952
The only thing worse than gas at five dollars a gallon is no gas at three dollars a gallon.