Yesterday the gang of buffoons we know as Congress passed a bill to sue OPEC over oil prices. These people have no grasp of basic economics. According to the sponsor of the legislation, Rep. Steve Kagen, D-Wisconsin, Americans are "at the mercy" of OPEC. Well, of course we are, you moron! When you won't allow companies to drill for oil here in the US we have to look to other countries to supply our oil. Duh!
According to the White House this sort of action "would likely spur retaliatory action against American interests in those countries and lead to a reduction in oil available to U.S. refiners." That's code for "expect gas lines soon".
Today, to show how much they feel your pain, Congress summoned oil company executives to testify yet again. They put on their little dog and pony show, and again the oil execs tried to explain basic economic principles to these imbeciles. If I weren't so mad I would have laughed it was so ridiculous. If you can stomach it click here for more on this story.
If Congress really cared about gas prices, they would lift the moratorium on drilling for oil here in the US. According to reports, the Bakken Formation could have 3 to 4.3 billion barrels of "undiscovered, technically recoverable oil". Wouldn't it be refreshing to hear them talking about how the oil companies can use their profits to drill for oil and build refineries right here at home? Don't hold your breath.