Tuesday, May 20, 2008

Feeling the pain?

This quote from Investors Business Daily
"Estimates put the amount of oil locked in shale in both Canada and the U.S. at more than 1 trillion barrels. Pulling out even a tenth of that would quadruple our current reserves."

If so, why did the left in Congress vote to block development of it -- if for nothing else in the name of energy independance/security?

link to entire IBD commentary

To quote Newt Gingrich in his recent newsletter,
"...the higher energy prices Americans are paying are the equivalent of a huge tax increase. One economist calculated that the price of oil rising from $80 a barrel to $100 a barrel had the same effect on Americans' pocket books as a $150 billion tax increase -- and the price of oil has risen an additional $27 since then!"

$4.79 gallon diesel. Feeling the pain yet?

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