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Congress debates rise in gas prices _ again

Congressional Republicans and Democrats are again battling over rising gas prices. At a hearing Wednesday, Republicans and oil industry leaders called for more U.S. production, while Democrats focused on conservation and the role of Wall Street speculators.

Jack Gerard, CEO of the American Petroleum Institute, told a House energy panel the nation has vast energy resources that aren’t being fully tapped. New leasing on federal lands is down by 44 percent, and the number of new wells drilled is down 39 percent, Gerard said.

And while President Barack Obama calls for “all-of-the-above” energy approach, he has threatened the oil and gas industry with billions of dollars in tax increases, Gerard said.

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  • Mr.Lincoln

    Oil trade groups: Drilling deregulation could create 190,000 full time American jobs Published: 12:04 AM 07/12/2011| Updated: 2:34 AM 07/12/2011
    http://dailycaller.com/2011/07/12/oil-trade-groups-drilling-deregulation-could-create-190000-jobs/

    Gasoline Taxes Vs. Exxon Profit, Per Gallon
    http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/

  • Edrod

    THANK YOU AMERICA !

    Dear American Taxpayer

    For only the second time in my adult life, I am not

    ashamed of my country. I want to thank the hard

    working American people for paying $242 thousand

    dollars for my vacation in Spain .

    My daughter Sasha, several long-time family friends,

    my personal staff and various guests had a wonderful time.

    Honestly, you just haven’t lived until you have stayed

    in a $2,500.00 per night private 3-story villa at a 5-Star luxury hotel.

    Thank you also for the use of Air Force Two
    and the 70 Secret Service personnel who tagged

    along to be sure we were safe and cared for at all times.

    By the way, if you happen to be visiting the Costa del Sol ,

    I highly recommend the Buenaventura Plaza restaurant

    in Marbella ; great lobster with rice and oysters!

    I’m ashamed to admit the lobsters we ate in Martha’s Vineyard were not quite as tasty, but what can you do if you’re not in Europe , you have to just grin and bear it?

    Air Force Two (which costs $11,351 per hour to operate
    according to Government Accounting Office reports)

    only used 47,500 gallons of jet fuel for this trip

    and carbon emissions were a mere 1,031 tons of CO2.

    These are only rough estimates, but they are close.

    That’s quite a carbon footprint as my good friend

    Al Gore would say, so we must ask the American

    citizens to drive smaller, more fuel efficient cars and

    drive less too, so we can lessen our combined

    carbon footprint.

    I know times are hard and millions of you are struggling

    to put food on the table and trying to make ends meet.

    So I do appreciate your sacrifices and do hope you

    find work soon.

    I was really exhausted after Barack took our family

    on a luxury vacation in Maine a few weeks ago.

    I just had to get away for a few days.

    Cordially,
    Michelle (Moochelle) Obama

    P.S. Thank you as well for the $2 BILLION dollar trip

    to India from which we just returned!

    P.SS. Thank you, too, for that vacation trip to

    Martha’s Vineyard; it was fabulous.

    And thanks for that second smaller jet that took our

    dog Bo to Martha’s Vineyard so we and the children

    could have him with us while we were away from the

    White House for eleven days. After all, we couldn’t

    take him on Air Force One because he might pee

    on some wires or something.

    P.SSS. Oh, I almost forgot to say thanks also for

    our two-week trip to Hawaii at Christmas. That 7,000

    square foot house was great!

    P.SSSs don’t forget my ski trip to Vail this winter

    and now the girls and I are in Africa with my mom.

    All this while Barack golfs and campaigns to

    keep my trips coming for the next 4 years !

    Love ya! Remember, we all have to share the pain of these

    economic times equally!

    Love to -redistribute- share- the wealth.

  • John

    We don’t ned more debates from congress on oil pricing. It seems that’s all these misfits in congree know how to do, debate, and form commitees, we don’t more of either, CONGRESS needs to get off their duffs, and start acting according to their jobs, that they took and oath to uphold. They should all be put in prison for lying, hell they put Martha Stewart, and Rod Blagoyavich, and some baseball players in jail for less, our congress is a worthless bunch of hooligans. The head hooligan John Boehner should be fired.

    • Peggy

      Amen to that brother!! My sentiments EXACTLY!!!

    • Bob McCormick

      Debating is what our leaders do. Taking action is kinda like work, someone would have to stand up and lead.

    • Larry

      Their are a lot of blood suckers in Washington. Politics whin broken down is Latin. “Poli” meaning many, and “tics” meaning blood sucking.

  • J.M.R.

    YES FOR GET THE DAMN DEBATE AND DO SOME DRILLING AND PUT THE KEYSTONE PIPE LINE IN BUT DUMMIES IN DC DON’T CARE ABOUT THE PEOPLE THAT ARE TRYING TO PAY THEIR BILLS WITH OUT A JOB THE SOB CHIMP DICK-TATER JUST WANTS TO BORROW AND SPEND WHAT WE DON’T HAVE

    • Darrel

      YOU AINT GOT NO GOOD ENLGISH AND TURN YOUR CAP LOCKS OFF TWO.

    • Randy G

      not ‘BORROW’ but take(steal)

  • ruth

    There is just no reason for these high gas prices today – Dumbo wants to keep them high until late fall so it looks like he is the one who brought prices down before the elections – don’t let this FOOL distract you!

  • CAllenDoudna

    Yeah, blame the Speculators for making a buck. Speculators CAN’T bid the price more than a few percentage points above where market factors of supply and demand are driving it anyway because if they tried they’d price themselves out of the market and be left with a whole bunch of contracts they need to unload at a loss FAST before they loose their shirts and the skin underneath them.

  • http://mozilla Robert E. Lee

    oBAM THE iMAM IGNORES CONGRESS AND THE CONSTITUTIONAL LAWS; We the People hereby approve congress to by pass the Dick in chief and open up all venues of domestic oil production;; come on legislatures grow some ba–s.

  • http://mozilla Robert E. Lee

    This dick-tater has no idea how to grow anything but irritation among the real conservative freedom loving “bitter clingers”,, take this fake out.

  • T. Jefferson

    Gas prices are high because the gas companies are selling gas over seas for a higher profit margin. Congress wants to do something about it they can tax exported gas or oil products at 50 cents or a dollar a gallon. The oil companies are keeping supply low in order to keep profits high.

    • Lou

      Hussien Obama has destroyed the dollar, still has gulf banned for drilling denies the permits for drilling that Bush approved in Alaska. Don’t write half tuths write the entire truth.

    • Randy G

      How do you know they are low? No stations have run out or closed down.

      • howe

        In school they teach you that supply and demand drives the market place, that means that if the price is low the demand is low because of a surplus and if the demand is high the prices go up because a shortage of gas drives the prices up. The oil companies are getting altot more money for oil on the world market, but if we were able to pump more oil, there would be more oil available to us and gas prices would go down. The energy secretary (Chu) stated that gas should go to 10 dollars a gallon to match world market prices. At that price those that didn’t use electric cars and solar panels etc would be riding bikes or walking. Thats not my idea of the America I want to live in. This administration plans to pass cap and trade which would make things even worse, so if you get entitlements you will finally be going to work.

  • Breeze

    Just another way to control us. Keep us just surviving and we can’t pay attention to what’s really going on.

  • Mr.Lincoln
  • Roger H Frost

    Wake Up America!
    Via Lakeside Messenger, Higden, AR
    A preacher asked a class of Sunday school children, “Who broke down the wall of Jericho?” A boy answered, “Not me, sir!” The preacher was noticeably upset and turned to the Sunday school teacher, “Is this typical?” She replied, “Preacher, the boy is a trusted and honest child, and I really don’t think he did it.” Such a response sent the preacher straight to the Sunday school superintendent. After hearing the preacher’s grievance, the superintendent consoled him by saying; “I’ve known the boy and his Sunday school teacher for a number of years and just can’t picture either one of them doing such a terrible thing.” In disbelief, the preacher sought out the elders. One wise elder tried to smooth the waters with some of his conventional wisdom, “Preacher, let’s not make a big issue of this. Let’s just pay for the damages and charge it to our maintenance account.”
    The Library of Congress recently conducted a survey, which asked, “What book has most influenced your life?” The Bible landed in the number one position. Yet, during a typical week only 45% of American “Christians” read the Bible. Of the 45%, just 12% claim to read God’s word daily. Fifty-five% don’t even bother to open it once a week!
    How about you? Do you make it a priority to read your Bible? Would you say that it is the book, which has most influenced your life? Has it?

  • howe

    President Obama esponded to hgh gas prices by saying, DO YOU THINK I WANT TO SEE HIGH GAS PRICES IN AN ELECTION YEAR? Not a one of the 50 or 60 press corp members had the guts to pin him down on that rediculous statement. He has had the ability for three years to keep gas prices at an affordable level under two dollars a gallon, but he is so ate up with electric cars and his green cronyism agenda he doesn’t care that we are struggling to make ends meet. He claims oil pumping is up but the world market has tripled meanwhile we sit on huge reserves that he will not authorize the oil companies to drill for both in the Gulf and in Alaska. The President keeps threatening oil companies that he will take their subsidies away, but that money is used to encourage exploration to find the oil and buy drilling equipment. What a bunch of rank amatuer losers in the whitehouse. I hope we can convince enough patriots to show up in November and kick these bums to the curb.

  • GREENTEETH

    We useto be the best and strongest nation inthe world, until we let the libbs, communist party, muslim sympenthyser, progressives , take over. And until the old saying, After we you come first is back on track, we will faulter like the rest of the world.

  • Mr.Lincoln

    To approve the Keystone XL pipeline project and provide for environmental protection and government oversight.
    http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=112&session=2&vote=00034

  • Mr. Truth

    The price of oil has increased do to a lesser supply. This happened when Obama put sanctions on Iran. They reduced there oil output thus driving up the price on a barrel of oil. Sanctions were supposed to get Iran to cut their uranium refining to make atomic weapons. Of course Iran is not going to stop refining and enriching uranium. The have underground locations where their centrafuges run night and day to make enought weapons grade material to make nuclear bombs. The same thing happened in 2008 when shortage in oil caused gasoline to go to $4.80 a gallon. This time the oil companies rake in the huge profits again. Gas could go even higher this time. Some predict $6.00 a gallon. Of course all of this is nonsense. Here again Opec and traders make huge profits while we Americans suffer. What does our President do, but call ‘Oil the Fuel of the Past’. Well the last time I looked 99% of the cars on the road use gasoline for fuel. Diesel fuel cost more than gasoline. Now before the sanctions on Iran gas was $3.75 a gallon where I live and now its over $4.25 a gallon for regular. Who is to blame? Both President Obama and the oil companies. Each for different reasons. Obama is all about Green energy. Electric cars are great, but expensive. Ford, Chevy, Nissan, and Honda all have electric cars priced at around $40,000. Oil companies are all about profit and making money. Do they care what we pay at the pump? I think not. Who gets all this ‘profit’? The big shot oil executives. When a Chevron Executive was called before Congress and asked to testify he was asked what his salary was. His responce was not very clear. The congressman again asked him, “Well is your salary greater than 10 million a year?” The Chevron Executive finally replied, “My salary is 30 million a year!” You can see that Big Oil is doing very well. In a time of hardship, high unemployment, and Recession greed is doing well in America.

    The solutions are to get rid of this current President who is a thorn in the sides of Americans. Get a President who encourages drilling and exploration. Make use of our current supply of domestic oil. Complete the XL Pipeline. Bring up our supply of crude. Get the price down to reasonable levels. Keep gas at or below $3.50 a gallon. Honda claims to have a Hydrogen Car. I don’t see any Hydrogen Station poping up any where or anytime soon. Electric cars are just too expensive at present.
    In time the oil prices will go back down. Gasoline will return to sensable price levels. As long as counties like Iran use oil as a econimical weapon we will continue to get beat up at the pump. Only when we can produce enough oil here and get off foreign crude will we again have reasonable gasoline prices that are stable and long lasting.