Tuesday, March 20, 2012

Republicans shouldn't blame Obama for gas prices

Republicans get it wrong by blaming President Obama for higher gas prices. Yesterday on Hardball with Chris Matthews, Congressman Ed Markey, Democrat of Massachusetts put it this way. Domestic oil production has gone up (an eight year high) and demand ( by 7 per cent) has gone down. Note that Jo Ann Emerson, a Republican congresswoman from Missouri makes the argument for more drilling but she can't promise gas prices would go down. Higher gas prices are the result of speculators and OPEC. IF you watch the video, Congresswoman Emerson concedes that speculators and outside factors can drive up gas prices. Lower demand for gas will cause the prices to go down. Check out the Hardball video below.

Visit msnbc.com for breaking news, world news, and news about the economy

No comments: