Sunday, May 07, 2006

Stupid Energy Quote Award-to Nancy Pelosi

"Sadly, we are now living in a new era of robber barons"-House Democratic leader Representative Nancy Pelosi, referring to oil company profits. After doing nothing and saying nothing relevant about energy during her entire leadership tenure, this is the best she can do? Oil prices are market determined, and there is no evidence of any collusion on the part of oil companies. Why not attack speculative traders? Or put the blame where it belongs-on a US government that for 25 years has done nothing to reduce our dependence on oil. And what is the Congressional solution-a bill on price gouging, the ultimate political fig leaf that is politically popular and does nothing to solve the real problem.


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