Nancy Pelosi wrote today:
Let me be very clear: drilling for oil in protected areas offshore will not bring down the price at the pump for 10 years – and then only 2 cents. To say otherwise is a hoax on the American people.
When President Bush led by example and lifted the Executive branch ban on drilling, the price of a barrell of oil dropped around $20.
Now, with the Republican Congressmen and women doing their job (while Pelosi is on an ego trip promoting her book instead of doing her job), the price of oil has continued to drop. All of that is without a single new drop of oil! Just the threat the US production might increase has caused the price to come down significantly. If Pelosi did her job and allowed a vote on the American Energy Act, that bill would pass and the price of oil would drop even further. Then, as the oil started coming online over the next few years, the price would drop even further.
For Nancy Pelosi to say that this “will not bring down the price at the pump for 10 years – and then only 2 cents” is blatently dishonest.
Nancy’s days of “Knowing Her Power” in the Speaker position are limited…