Skip to comments.Pelosi: Having More Oil Won't Lower Oil Prices
Posted on 04/26/2011 12:15:14 PM PDT by rightistight
Clearly Nancy Pelosi has never heard of "supply and demand." It's a simple concept, really: the less of something you have, the more expensive it is because of its scarcity and vice versa.
Apparently no one ever told this basic concept to disgraced Democrat Representative Nancy Pelosi. Taking to Twitter, she exclaimed yesterday:
The problem is, as usual, the facts simply do not agree with Ms. Pelosi.
You might notice that she linked to an article from CNN. As is often the case with CNN, their facts are muddied as well. In fact, even in their own story they admit to over-selling their headline, which was "Drill baby drill won't lower gas prices."
(Excerpt) Read more at punditpress.blogspot.com ...
She’s right. Only regulating speculation of oil as a commodity will, or taking it off the US market altogether.
Apparently Mrs. Pelosi believes the law of supply and demand has been repealed.
She is a prime example of how broken our political system is. The only greater example is The Big Zero himself.
My thoughts were: So much for supply and demand. I guess oil shortages wouldn’t matter either? But if we have more oil of our own, we buy less overseas...
Nancy, are you still here? I thought I told you to go home and practice your meatballs...
so, less oil will lower prices, Nancy?
Does anyone have a chart showing US oil supply vs oil prices?
Why is this brain damaged Syria loving twit, allowed to speak??
I trust Nancy because she is smarter than the rest of us. Without Nancy and others like her we would do dumb things and stuff like, you know. /s
She truly is mentally retarded. There can be no other excuse.
In her world doing the right thing does not exist.
Makes perfect sense to someone who thinks we can tax our way to prosperity. I swear, libs live in a bizarro world, where everything is backwards.
No, but during their Senate confirmation hearings both SoSo and Kagan strongly hinted that they would rule it unconstitutional.
I bet you that if Obama was not in power most of the speculation and risk would dry up.
The destruction of the US depends on us NOT having a cheap energy source, from cars to growing food.
THIS IS THEIR PLAN TO KILL THIS NATION.
Disingenuous lying thieving mockers of God. Bletch!
Now that gas is selling at 4 plus per gallon, I guarantee that the big bad oil companies would like to get some of that action by drilling. Funny how liberals WANTED high gas prices, so that we would use less, and buy electric cars. But when gas prices hit $4 under Bush, it was “hurting the consumer” and making his “oil buddies” rich.
Well, part of what is encouraging the speculation is that the government is blocking new drilling.
If there were a change in the general attitude towards oil drilling, that would also change the minds of the speculators.
It is true, though, that there is no shortage of oil...only of oil contracts.
Which nation will Ozombie use our military against now?
After Libya, who can say?