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Speaker of the House Nancy Pelosi, D-Calif., calls President Bush’s lifting Monday of the executive ban on offshore drilling in protected coastal areas nothing more than a political stunt that “will neither reduce gas prices nor increase energy independence.”
Pelosi lashed out at the president’s announcement by saying, “Once again, the oilman in the White House is echoing the demands of Big Oil,” according to a statement released to PRNewsire.
Newsmax.com - Pelosi Calls Bush Oil Plan 'A Hoax' (http://www.newsmax.com/insidecover/pelosi_bush_oil/2008/07/15/113069.html - broken link)
Meanwhile, I don't know why oil companies aren't drilling on the millions of acres of land they have leases on. If there's no oil there, why don't they give up their leases?
What I wanna know is what happened to this grand plan?
Quote:
“Democrats have a plan to lower gas prices, taking America in a new direction that works for everyone, not just the few. Our plan would empower the Federal Trade Commission to crack down on price gouging to help bring down skyrocketing gas prices, increase production of alternative fuels, and rescind the billions of dollars in taxpayer subsidies, tax breaks, and royalty relief given to big oil and gas companies.”
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