Last week, our hardworking Congress grilled Oil Executives on the high cost of gasoline.
Before I make my main point, I'd like to point out this graph:
The red line is the price of crude oil, and the blue line is the price of gasoline. Notice that the blue line hasn't been rising nearly as fast as the red line.
In spite of this, I do think Congress should be asking some tough questions about the price of gasoline and crude oil.
And since the Oil execs are there, here's some questions they could ask.
- Why haven't you done any new drilling in Alaska?
- Why haven't you done any new drilling off the coast of California?
- Why haven't you done any new drilling off the coast of Florida?
- Why haven't you done any new drilling in the Gulf of Mexico?
- Why haven't you built any new refineries in the last 33 years?
- Why haven't you done any exploration into the shale oil deposits in Colorado? Are you aware that there's more oil there than in the Persian Gulf?
However, Congress won't ask any of these questions, because they already know the answers and don't want you to know them.