Tags: Barack Obama | Obama | oil prices | rise | politics

Rising Oil Prices Mire Obama in Political Quandary

Tuesday, 08 Mar 2011 12:53 PM

By Dan Weil

The surge in oil prices is causing major political problems for President Barack Obama. While he mulls selling oil from the Strategic Petroleum Reserve as a solution, Republicans argue that will provide only temporary relief to consumers and announced new hearings on energy policy Monday, The Hill reports.

Tom Price, oil prices, Obama, problems, The Hiull
Georgia Rep. Tom Price
Democratic energy policies “have cost jobs, stunted economic growth and stuck American families with higher energy bills,” said Georgia Rep. Tom Price, chairman of the House GOP Policy Committee. “The rise in gas prices is not merely the consequence of some temporary disruption and will therefore not be solved by some short-term fix. It is a problem that requires an all-of-the-above energy strategy and one that should begin immediately.”

Utah Sen. Mike Lee and other Republicans criticize the president for putting unreasonable limits on domestic oil production. “When we produce energy here, when we produce oil here, the revenue stays here and that helps Americans,” he said on Fox Business Network.

“That doesn't mean that we have to categorically shun all products from anywhere else, but where we've got a commodity that everybody needs, like oil, and great abundance right here in the United States, we ought to be producing all we can.”

Bottom line: “This administration seems hell-bent on producing as little as we can here, and that's suicidal,” Lee said.

The money we spend importing oil goes to countries “where a lot of people don't like us very much, and they're using that money to fund the acts of terrorism against us in many incidences,” he said.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved