$7, $8 Gas? Sen. Paul Tries to Blunt Bill That Would Push Your Gas Prices Higher
by William F. Jasper
Wednesday, 28 March 2012
Remember $1.83 per gallon gasoline? Seems like a very distant memory? That was the national average price we paid for the precious liquid when President Obama took over the White House in January 2009.
Apparently not satisfied with helping to fuel a more than 100 percent increase in the gas price, the Obama administration and its congressional allies are pushing legislation that would penalize the domestic oil companies that are now producing new jobs in our struggling economy and providing much-needed energy that is making us less dependent on foreign sources. Sen. Robert Menendez (D-N.J.) has introduced S. 2204, which he has named the “Repeal Big Oil Tax Subsidies Act.” It might be more apropos to name it the “Prolong the Recession and Double Our Gas Prices Again Act.”
Sen. Rand Paul (R-Ky.) rose on the Senate floor on Tuesday, March 27, to challenge the wisdom of raising taxes on oil companies at this critical time, and to offer two amendments to the bill aimed at ending taxpayer-subsidized loans to the favored “alternative energy” sector, such as the $500 million loan to Solyndra, the failed solar panel manufacturer.