Our “Banana Republic” Congress
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America Held Hostage at Gas Pump By Own Congress
Mexico’s giant Cantarell oil field is drying up. Mexico has been our third largest suppliers but its sales of crude oil to the United States have plunged to their lowest level in more than a dozen years and Venezuela is about to replace it as our third biggest oil supplier. Oil prices have tumbled more than $24 in the past two weeks at least in part because of falling U. S. demand after all we import almost three times as much oil as Japan, the next largest importer, and nearly four times as much as China. Yet we have enormous untapped energy reserves because of political blocking.
Regardless of whether oil’s cost spike from $10 a 42 gallon barrel ten years ago to today’s $120 per barrel price is driven by speculators; corporate greed, citizen lethargy or stupid government policies is irrelevant to the issue.
What is most relevant is that 75% of Americans are demanding more oil and by implication actions to energy independence. The quickest first step is to turn on more domestic oil drilling and moving to more solar, wind, and nuclear power. Americans are screeching for Congressional action, and wildly disapprove of the job it is doing - or not doing.
What is going on is the Democrat controlled Congress is holding every American family hostage at the gasoline pump and intentionally risking a worsening economy to influence the November General election. It is one of the most despicable exhibitions of selfish, partisan politics imaginable. Those politicians know that if gasoline falls to $3.50 or less per gallon by the election the results of the election will change.
This is “banana republic” politics at its worst.