Friday, August 19, 2005

Democrats don't know what to do about high oil prices -- plead with Bush to do something (or, Hep Me! Hep Me!)

Reuters reports the democrats have asked the White House to act on high oil prices.

Senate Minority Leader Harry Reid on Friday said the Bush administration should require U.S. oil companies to disclose their fuel pricing policies and production costs.

In a letter to the White House, Reid also said the Federal Trade Commission should investigate instances where a state's retail prices rise 20 percent in any given week "to determine if the price of gasoline is being artificially manipulated."

Past FTC probes into U.S. oil company pricing policies have found no sign of abuse.

"This one has already being done," White House spokesman Trent Duffy said. "The FTC and the Justice Department have been keenly watching for this type of activity for the past two years."

Duffy also said that Democrats' attempts to prevent oil drilling in the Alaska's Arctic National Wildlife Refuge, or ANWR, have kept supplies tight.

"Commonsense steps we've tried to take, like increasing domestic oil production by allowing drilling in a small portion of ANWR, have been blocked by Democrats for years," Duffy said.

Separately, Democratic Sen. Bill Nelson of Florida said the White House should ask oil companies for a voluntary, temporarily freeze on prices that they charge gasoline distributors.

Duffy said that price controls in any form are "terribly toxic to the economy" but added he had not seen the specific proposal.

There's your answers. Ready to drill domestically? I suspect the democrat reply, if there were one, would go something like -- "nevermind".

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I once was a Democrat then I grew up.


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