Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Friday, May 23, 2008
Donald Lambro :: Townhall.com Columnist
Dems 'Oil' Wet About Gas Prices
by Donald Lambro
Vote on It:
Average Vote:
[+] Text [-]
 
Poll
Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


Brown tried again, reminding him that Democrats said they were going to deal with this issue, and asked, "What are you proposing to do to bring down gas prices?" Again Durbin dodged the question, saying instead that the answer was to elect more Democrats to Congress in November. That ended the interview.

Perhaps the reason Durbin's responses were so evasive has to do the fact that Democrats don't have answers that make any sense. Ethanol is now a big political problem for the Democrats and is seen as one of the chief causes of higher food prices. Fatter farm subsidies, which Democrats stuffed into last week's farm bill, is the other, pushing up the price of grains, milk, bread, beef and poultry. Democrats talked of expanding ethanol subsidies last year, expanding production into other environmentally friendly resources such as witch grass and wood chips. Two things Democrats did not run on last year: boosting oil and natural gas exploration here at home and building more refineries.

"The basic story that has brought oil from $20 to $130 is that world demand is growing robustly when world supply is not," says Jeffrey Rubin, chief economist of CIBC World Markets.

"It all comes down to supply and demand," says oil magnate T. Boone Pickens who knows a thing or two about both.

That's the problem and the solution in a nutshell. But it's not the answer Democrats like Kohl and Durbin want to hear because in an election year, fanatic finger-pointing sells better.

So they continue to point the finger of blame at oil-company executives, commodity traders, and gas-guzzling SUVs, and promote wood chips, witch grasses and windmills as the answer to all our energy needs.

1 2
| Full Article & Comments | < Previous
Share:
Vote on It:
Average Vote:
 
About The Author

Donald Lambro is chief political correspondent for The Washington Times.

Be the first to read Donald Lambro's column. Sign up today and receive Townhall.com delivered each morning to your inbox.

Democrats aren't mainly to blame...
Hey Rick! After reading your post and having lived through the gas-less 70's, I am sure you would make an excellent, excellent politician

Democrat aren't mainly to blame
Gas prices were already well over $2 a gallon before they took control. Bush and the Republicans are mostly to blame. They've signed on to all of this spending as much as the Democrats, which necessarily means inflation. Since Republicans don't want to be blamed for higher taxes, the Federal Reserve simply prints the money to pay for it all. That means a lower valued dollar. But tax increases are tax increases either way. There's no crisis of oil today, just as there wasn't one in the 70s when this happened before. The cause then is the cause now - massive increases in spending for war and welfare.
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.