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 ...
You forget that they are speculating on the instability of the Mideast. If the US provided a large portion of it’s own energy, say 90% instead of 45%, then the speculators would care less about what is happening in the Mideast as the value of their oil would be less.
Removing some of the stupid regs, and allowing NEW refineries to be built would.
Which is why I’m in USD and not oil. USD is hitting some historical lows.
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