Everyone knows the price of gas has skyrocketed over the last year, raising the price of everything that depends on gas which is, well, everything.
The pain is already widespread and will only get worse.
Higher transportation costs mean all products cost more, not just fuel. Higher prices cause demand to fall, meaning fewer sales and fewer jobs for Americans. The U.S. is already facing high deficits - lower sales mean even lower tax revenues and even higher deficits.
Worst of all, many Americans will be slammed this winter by higher fuel costs like never before. So, we now know that high gas prices mean higher food prices, higher prices overall, less tax revenue, more job layoffs, less income and much higher bills for most Americans.
So, what are Members of Congress doing to lower gas prices?
Peter Welch (D-VT) sponsored H.R. 6022 to stop adding to our Strategic Petroleum Reserve. Per Welch, “taking 70,000 barrels of oil off the market each day”, “could reduce gas prices 5 to 24 cents per gallon”.
Lifting the ban on drilling may yield 2 million barrels per day. Using Welch’s math, 2 million more barrels per day will lower gas prices at least $1.40 per gallon, maybe much more. Imagine, if Welch’s math is right, lifting the ban may cut gas prices in half!
In an early test of Obama’s leadership in a crisis, Democrats took a 5-week paid vacation!
Huh?? They say a “comprehensive” bill is needed – it’s not! Just lift the ban and work on a long-term energy bill after the election, with the new President.
In the meantime, LIFT THE BAN!
Two million barrels a day means $106 billion a year that doesn’t go overseas, creates millions of new jobs, reduces the trade deficit and increases tax revenues – a win-win-win.
This single act, lifting the ban, may save the great American economy from recession!
Perhaps Democrats are preventing a vote to help Obama get elected? Like Clinton in ‘92, more people will vote for “Change” in a struggling economy, but we can’t wait. The U.S. economy is too important.
Last year, we produced $13 trillion of goods and services - more than Japan, Germany, China & the U.K. combined! We create most of the world’s food, medicines, software, aircraft, etc. In fact, cheap energy has enabled us to manufacture almost twice as much as China - 70% more goods now than 1992.
Our economy creates lots of wealth, a chunk of which is donated to feed and clothe the world’s poor.
In addition, we’re extremely energy efficient. We can now manufacture goods using 74% less energy than it took in 1972. In other words, Mr. Obama, we already conserve, have been for years, we just call it being "efficient" and we do it to save our companies and our families money.
Of course, if Democrats never allow a vote on drilling, the great American economy will grind to a halt, threatening everything we contribute to the world.
Imagine that – people all over the world will be hurt because Democrats in the Congress chose to “cling” to their extreme environmentalism rather than help real live people in need.
Where I live, in Vermont, 30 days a year are sub-zero (no global warming here :-). Fuel to heat our homes will be twice what it was last winter.
It’s going to be very bad for Americans in northern states this winter – except for Members of Congress, who we pay $169,300 per year, or $14,000 per month – they should be just fine.
However, a Congressional salary of $14,000 a month, adjusted for any inflation caused by higher gas prices, will make this winter, and future winters, painless.
Too bad; maybe if they “felt some of our pain”, they’d lift the ban.
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