"High oil prices are at the root of high gasoline prices. And behind those prices is the basic law of supply and demand. In recent years, the world's demand for oil has grown dramatically. Meanwhile, the supply of oil has grown much more slowly. As a result, oil prices have risen sharply, and that increase has been reflected at American gasoline pumps. …that means we need to increase supply, especially here at home….
Unfortunately, Democrats on Capitol Hill have rejected virtually every proposal – and now Americans are paying the price at the pump for this obstruction. Congress must face a hard reality: Unless Members are willing to accept gas prices at today’s painful levels – or even higher – our nation must produce more oil. And we must start now. …I know the Democratic leaders have opposed some of these policies… Now that their opposition has helped drive gas prices to record levels, I ask them to reconsider… If congressional leaders leave for the 4th of July recess without taking action, they will need to explain why $4-a-gallon gasoline is not enough incentive for them to act. And Americans will rightly ask how high oil – how high gas prices have to rise before the Democratic-controlled Congress will do something about it."
President George W. Bush
Friday, June 20, 2008
We Need to Increase Supply in America
President Bush gets it. When will obstructionist Democrats get a clue? They don't seem to be too concerned about the average working person since they have become the party of the rich and elite.