Schumer calls for increased oil exploration in National Forests….? Is he and the Democrats finally feeling the heat? First of all taxing the big oil companies like they want to is going to drive up the costs, get that off the table, don’t you all get enough tax revenue from them and US. Bush better veto that. Why not drill in old Military Bases? I thought that was a great idea when it was put forth years ago. Or are they saving them for future concentration camps for Conservatives.
First thing that we have to do is build more refineries, we do not have the capacity to keep on hand the oil we need, we are now importing already refined gasoline from the middle east. So first build some refineries, drill in Anwar, we know there is plenty of oil there.
We need to get away from the addiction to oil, what we also need is better technology to power our vehicles so that they are affordable. Something needs to be done and now so the first step needs to be refineries.
Oil Prices Hit Record High; Impact on Gasoline
DeWitt, New York (WSYR-TV) – It’s another sign that gas prices will probably be heading higher – oil prices surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market.
Some analysts are expecting prices to hit $4 dollars a gallon by this spring. At the Mobil gas station in DeWitt, the price for a gallon of regular unleaded is $3.34. That is slightly higher than the average price for a gallon of gas in the Syracuse area, $3.32 a gallon – up 12 cents over the past two weeks.
But compared to just a year ago – it’s up nearly 80 cents. At the beginning of March last year, we were paying a little more than $2.50 a gallon.
The house has approved an $18 billion tax hike for the largest oil companies. This would eliminate the tax breaks that they’ve had in the past. The White House says this isn’t fair to the oil industry. Democrats, on the other hand, say this legislation comes at a time of economic troubles.
Sen. Chuck Schumer says “We should allow more oil exploration in our national forest areas. About a third of the west is national forest. I would not allow it in national parks or national monuments. But national forests, that’s ok and we should do that.”
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