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Speechless - Real Clear Politics - Elections 2008 - TIME

time-blog.com — Congresswoman Maxine Waters wants to nationalize the oil industry - if only she can find the words:

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  • wilgeno, on 05/23/2008, -0/+3What is Causing High Prices for Gas and Food?

    Is there a shortage of crude oil? No, the oil supply has been increasing and has always increased. OPEC controls the supply. New oil discoveries have proven that the world oil supply is in little if any danger of drying up.

    Has the demand for crude oil increased? Yes. China is buying more OPEC oil than ever before to support their massive growth. China is just one more country in the demand equation. Environmentalists, State and Federal Governments have prevented increasing gasoline production and domestic oil drilling. President Bush has proposed additional domestic drilling many times and each time Environmentalist and Liberals (along with a handful of Republicans In Name Only) have prevented domestic drilling. So with the increased global demand for crude oil and our own Government's restrictions on drilling for our own oil means that crude prices are going to keep rising.

    read the rest at...

    Vote Conservative
    http://www.wilgeno.com

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