Nancy Pelosi Demands NEW “Power” – She’s Out Of Line!
(RightWing.org) – When it comes to controlling what happens either in society or the economy, the government doesn’t have a good track record. In the 1980s, there was the war on drugs. In the 1990s, it was the war on poverty. In the 2000s, there was a push to ensure everyone got a high school degree, even if it meant they couldn’t do basic math or didn’t have a handle on proper grammar. In 2020, Democrats declared that cops were bad, and the result was exploding crime. Every time the government creates a problem, it wants to be the solution.
Now, big-government Liberals and Social Democrats say they have the solution to the high gasoline prices. They deny that President Joe Biden’s promises to eradicate fossil fuels through his 2021 regulations played a major role in gas price increases throughout 2021 — well before Russian President Putin invaded Russia. So, it appears that House Speaker Nancy Pelosi (D-CA) and House Democrats’ solution is to give President Joe Biden more power so that he can violate the laws of economics through government price controls.
Democrats Target Oil Companies
In February, before Russia invaded Ukraine, the average price for a gallon of gasoline was $3.47. That’s nearly a dollar more than in February 2021. On Friday, May 20, AAA said average gas prices hit an all-time high of $4.593 per gallon, and analysts warn that gas could hit a nationwide average of $6.20 this summer. That’s despite the fact that Biden is releasing oil from the Strategic Petroleum Reserve (SPR).
Democrats control the levers of power in Washington, DC. They are the majority in the House and Senate and hold the White House. Democrats continue to allege that oil companies are profiteering from the crises, but that may not be the reality.
Ahead of Memorial Day Weekend, the house passed a bill that they claim will prohibit excessive gas prices. The Consumer Fuel Price Gouging Act would allow the Federal Trade Commission (FTC) to exert authority over oil and gas companies that make more than $500 million in yearly fuel sales. It now heads to the Senate where it is unlikely to garner the support needed to pass.
Pelosi Targets Oil Companies, But Is It Really Political?
In the summer of 2021, months after Biden prohibited new oil leases on public land and canceled the Keystone XL extension, Americans were seeing the price at the pump rise, and it hasn’t stopped since. At the same time, OPEC nations were refusing to increase supply to meet global demand as people across the world started driving more. In November, Biden pleaded with Saudi Arabia to increase production and oil shipments to the United States; the country declined his request.
Supply and demand is the core issue driving prices at the pump. In March, a local news reporter fact-checked the Democrats’ claim that oil companies were gouging Americans. They found that not only wasn’t it happening, but it also wasn’t possible.
That didn’t stop Pelosi from again saying price gouging needs to stop on Thursday. Yet, if it’s not happening, and Democratic environmental problems sparked and contributed to the rise in prices, why is the speaker carrying on about price gouging? Could it be that Democrats know this issue will hurt them at the polls in November?
You decide.
Copyright 2022, RightWing.org
