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Guns Guns Guns
Guest
Obama and the Republicans are battling for political advantage over gas prices, as election season heats up and motorists face higher charges at the pump.
Republicans say Obama policies have blocked energy development -- particularly the proposed Keystone XL pipeline from Canada to the Gulf Coast.
The Keystone pipeline still requires environmental review, and in any case it will be years before the pipeline could transport any oil.
We have been drilling.
Oil production in America is at an eight-year high. We've quadrupled the number of operating oil rigs, and opened up millions of acres for drilling.
But you and I both know that with only 2% of the world's oil reserves, we can't just drill our way to lower gas prices, not when we consume 20 percent of the world's oil.
Right now, some folks in Washington would rather spend another $4 billion on subsidies to oil companies each year. We've been handing out these kinds of taxpayer giveaways for nearly a century.
I want this Congress to stop the giveaways to an oil industry that's never been more profitable.
Ending this cycle of rising gas prices won't be easy, and it won't happen overnight.
Republicans say Obama policies have blocked energy development -- particularly the proposed Keystone XL pipeline from Canada to the Gulf Coast.
The Keystone pipeline still requires environmental review, and in any case it will be years before the pipeline could transport any oil.
We have been drilling.
Oil production in America is at an eight-year high. We've quadrupled the number of operating oil rigs, and opened up millions of acres for drilling.
But you and I both know that with only 2% of the world's oil reserves, we can't just drill our way to lower gas prices, not when we consume 20 percent of the world's oil.
Right now, some folks in Washington would rather spend another $4 billion on subsidies to oil companies each year. We've been handing out these kinds of taxpayer giveaways for nearly a century.
I want this Congress to stop the giveaways to an oil industry that's never been more profitable.
Ending this cycle of rising gas prices won't be easy, and it won't happen overnight.