Bingaman Bashes GOP Gas Price Claims

Posted by Rachel Pulaski on Tuesday, March 22, 2011
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Jeff Bingaman
From thehill.com -In a lengthy floor speech, Bingaman began by noting a wonky briefing the committee hosted this week with several experts, including federal Energy Information Administration chief Richard Newell, and the head of the energy program at the Center for Strategic and International Studies. Bingaman’s takeaways?  EPA greenhouse gas regulations and the pace of Gulf of Mexico oil-and-gas permitting — two pillars of GOP attacks on the Obama administration over energy costs — are unrelated to crude oil prices that drive gasoline costs.  Bingaman notes the effects of turmoil in the Middle East and North Africa on oil markets. His speech notes that while increased U.S. oil production in recent years plays a role in world markets and aids energy security (he likes oil, noting “we need to keep drilling — we’re good at it”), it’s not significant enough to bring prices down.  More News New Mexico
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1 comments:

Anonymous said...

Prices would INSTANTLY spike downward if boneheads like Bingaman were to actually make a trip to ground zero at ANWAR, where there would be ZERO environmental impact, and there's enough oil to significantly help reduce our dependence upon foreign oil and drive the market price of oil back to affordable levels. I guess this is just too complicated for such uneducated, ignorant ideologues. Any of your readers ever been to the site at ANWAR where the oil companies want to drill? Ever read an account of what it's like up there? No? I didn't think so.

March 22, 2011 at 10:24 AM

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