There was an interview on Fox News by Greta Van Susteren with Nancy Pelosi.
I listened to this last night and could hardly keep from tossing things at the TV. I cannot believe the dribble she is spewing. It makes your head hurt to listen to the droning of the Queen Bee. The transcript and video is on the website.
Just to wet your whistle.
“VAN SUSTEREN: Do you assign all of the blame for the high prices on the Bush administration, or do you look back historically to a number of factors, including appetite by the American people, other administrations, other congresses
PELOSI: No, I don't assign blame to the Bush administration, I accuse them. I am more direct than that. I accuse them of ignoring something that was becoming apparent over time
Ten years ago the price was under $11 in 1998--under $11. Two weeks ago, the cost of oil went up in one day nearly $11. So the policy decisions made by this administration in terms of energy have contributed to this oil crisis by not accepting early on the need for us to of renewable and other alternatives.”
House Speaker Nancy Pelosi on the Record
Fox News June 25, 2008
http://www.foxnews.com/story/0,2933,371526,00.html
On the issue of leases owned by Oil Companies I did some digging and found out that Pelosi’s claim that the oil companies are not doing anything with the areas that they already have leases for is not true. Read here about how these leases work.
About Those ‘Inactive Oil Leases’ on The Q and O Blog June 23 2008
http://www.qando.net/details.aspx?entry=8746
With links to:
The ‘Idle’ Oil Field Fallacy by Red Cavaney in Wall Street Journal on-line June 20 2008
http://online.wsj.com/article/SB121391719487790187.html
And
American Petroleum Institute Blogger conference Call on Oil Exploration and Production
http://www.energytomorrow.org/media/resources/r_537.pdf
See 19.57 about time frames to bring a well on line.
