Pain at the Pump - How High is High?
It’s all relative… Well it still doesn’t ease the pain…
Today oil prices soared up $5 to a new record of $132/barrel. Crikeys! And probably most people think Bush is raking in some sort of profits from the high gas prices. Apparently quite the opposite, and in fact, OPEC seems to be liking the idea of putting the squeeze on American drivers, so much so the U.S. Congress wants to sue OPEC for not increasing oil outputs…
WASHINGTON (Reuters) - The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.
The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.
These same people who are suing OPEC are the same people who say NO to drilling, NO to refineries, and tie the hands of the oil business… then turn around and complain about the price of oil.
I know hauling 5 kids around town in my super minivan, I can definitely feel the pinch of high gas prices, but it’s time to stop complaining and to take matters into our own hands. Either find a new energy source or stop being so dependent on imported oil. Let’s drill. Let’s build refineries. We just found enough oil in Montana and North Dakota to extract what they claim to be 4.3 billion barrels of oil.
The U.S. Geological Survey calls it the largest continuous oil accumulation it has ever assessed.
What the hell are we waiting for folks?
-sillydad