Larson: GOP to blame for high gas prices

LARSON: Democrats committed to real solutions to energy crisis and rising gas prices

WASHINGTON, DC – U.S. Congressman John B. Larson (CT-01) released the following statement today as gas prices nationwide hit a nationwide high this week.  Across the country, the average price for regular gasoline has surged to $2.87 per gallon – climbing 50 cents over the past two months.  Some experts are predicting that gas prices could escalate to $4 per gallon.     

Earlier this month, Exxon Mobil announced that its first quarter profits increased by 10 percent, even after a year when it made $39 billion—the most profits ever for any company.  ConocoPhillips also saw their profits climb nearly 8 percent in the first quarter – showing that oil companies continue to bring in huge profits while gas prices continue to rise.  Last year, the six Big Oil companies made a record $125 billion while consumers footed the bill.

 “Gas prices are out of control.  Today, in Connecticut drivers are paying some of the highest gas prices in the nation—upwards of $3.15 a gallon-a whopping 107 percent more than when President Bush took office in 2001.  For six years President Bush and the complicit Republican Congress failed to enact a comprehensive energy strategy that would help stabilize the cost of gas and make America more energy independent. The bad decisions of the past six years have forced millions of families to choose between a bag of groceries and filling up their gas tanks. 

“Democrats are offering real solutions to this crisis.  In the first 100 hours we passed the CLEAN Energy Act of 2007, to repeal $14 billion in subsidies and tax breaks for Big Oil companies in order to invest in clean renewable energy and alternative fuels and energy efficiency.  Cutting subsidies to an industry raking in huge profits to invest in clean, alternative energy is just common sense. This is just the beginning of a comprehensive effort to reduce our dependency on foreign oil, ensuring that energy will be more affordable for America’s families in the future and that America’s families are not at the whim of overseas oil cartels. “By July 4th, the House will begin working on the first part of our plan to end our addiction to foreign oil and address climate change.  Democrats are committed to investing in the development of clean, sustainable energy alternatives including
America’s vast renewable resources. We will also be working to provide relief for consumers while bringing down gas prices by ensuring that oil companies aren’t unfairly gouging consumers
.”

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5 Comments

Filed under Energy, fuel prices, gasoline prices, John Larson

5 responses to “Larson: GOP to blame for high gas prices

  1. EJ

    It’s remarkable that Larson makes no comment of the State and Federal Taxes that have helped get prices to these levels, no mention to the crazy formulations that vary from State to State and are changed twice a year, no mention to blocking of Arctic and offshore drilling by Larson and his buddies.

    In 1997 when they blocked drilling in the Arctic the comments were bandied about that there would be no effect for 10 years. It is now 2007, 10 years later, that fuel would have been online by now.

    Larson complains Bush has done little for alternative energy sources, he makes no comment about the previous 8 years.

    No refineries have been built in 30 years, which has current refineries running at 90-95% and subject to suppply problems and price increases when local problems like Hurricane Katerina interrupt operations.

    Finally, Larson and most of his friends critical of the current gas pricing wanted an increase in the tax on gas to bring us to the same level as the Europeans. Their real upset is that the prices went up before they get increase the taxes.

  2. Mike

    So now that the D’s are in charge, why am I not seeing relief at the pump? We are almost 5 months into the “new” Congress, nearly a quarter through their term, and nothing. They have no problem raising big money for the next election cycle, but they are still blaming those evil Republicans for the suddenly higher gas prices? Next, he will claim that ‘big oil” is in a conspiracy and is rasing prices to make the D’s look bad. Yeah, that’s it.

    I am tired of paying much more for gas, much more for electricity, much more for every other product that higher energy costs increase prices on. State D’s, with $900 million in overtaxed funds sitting in surplus, now want to raise the income tax as well. And even with the supposed higher state funding to municipalities, my Council has bumped property taxes, too. Enough with the finger pointing. Get something done that DOESN”T involve putting your hands deeper into my pockets.

  3. Joe Visconti

    Jumping in:

    Exxon Mobil needs the extra money to protect their interests once we bail out of Iraq. If John wants us to come home now then Blackwater or the like must step in, thats a big price tag to defend all those pipelines and infrastructure as well as the trade lanes. Prices will fall when all the old hippies stop reliving their youth and help support the US effort to end the instability in Iraq. This will send a clear message to Exxon Mobil and the like that security will continue. If the Lamont/Larson crowd wants to continue loving to hate George then up the abacus we go with Gas prices.

  4. you can convert water+gasoline into energy
    http://water-power.funguid.com/

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