Oil Prices Set New Record: $147 Per Barrel
This morning I read the news and what did I see? I see that oil prices have set a new record, climbing to $147 per barrel in intraday trading.
Meanwhile, Democrats in Washington are doing everything they can to continue blocking domestic oil drilling, preventing new supply from coming to market in the next few years.
With 250 million passenger vehicles on American roads we are going to require petroleum for many years to come. Nothing, not even record oil prices, have made the Democrats see the error of their ways and the need for more supply.
Conservation and technology are the answer, Democrats say. But there comes a point where people can’t conserve any more than they already are, and there comes a point where that conservation comes as a cost in reduced economic activity. Technology? Hydrogen cars are still many years into the future. A recent news story I saw had an expert in hydrogen cars saying that it will be at least ten years before they are on the roads in any significant numbers. Ten years! What will we do in the meantime? Continue to pay record prices for gasoline because the Democrat fools don’t want to allow more domestic drilling?
The people hardest hit by the high cost of gasoline are the very people the Democratic Party pretends to represent. The Democrats screw over their constituents every chance they get, and those Democrat voters aren’t smart enough to realize it.