Now at $100: Rising Oil Prices Fuel Skyrocketing Gas Costs, Economic Uncertainty
Congressman John Boehner
February 24, 2011
Today were getting our first look at whats to come this summer after the Obama Administrations two-year drive to block new American energy production and impose a job-crushing national energy tax: AP reports that the price of oil has passed $100 per barrel for the first time since October 2008. And as the cost of oil rises, so too do prices at the gas pump for American families and small businesses.
ABC News says [w]eekly retail gasoline prices skyrocketed to $3.19 a gallon USA Today says thats the highest average February price since the government started keeping track in 1990. These high prices are making it harder for Americans just to get to school or work or to find a job and creating more economic uncertainty.
In recent years rather than unlock Americas vast energy resources to help lower costs and create a better environment for job growth President Obama and the Democrats who run Washington have:
Energy & Commerce Chairman Fred Upton (R-MI) and Rep. Ed Whitfield (R-KY) have already introduced legislation to stop the EPA from imposing a backdoor national energy tax, as outlined in the Pledge to America. The new House majority is also committed to an all-of-the-above energy strategy that increases American-made energy production, provides for more clean renewable and alternative fuels, and increases conservation.
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