Doug Lamborn - Plan for Lower Gas Prices and American Energy Independence

by: NEWSMAN

( - promoted by Colorado Pols)

Lamborn Joins House GOP to Unveil Plan for Lower Gas Prices and American Energy Independence

Congressman Lamborn joined fellow Republicans in unveiling the Republican energy plan to lower gas prices and deliver real solutions to the energy crisis facing America
Following today's press conference on the steps of the United States Capitol, Congressman Doug Lamborn (CO-05) issued the following statement:

"The Republican plan to increase domestic energy production will reduce the price of gas at the pump. We cannot simply rely on foreign nations to supply our energy needs, and we cannot continue the current do-nothing Pelosi plan on gas prices. By tapping into the vast amount of energy resources available in the United States, in an environmentally responsible manner, we can eliminate the Pelosi Premium at the pump. The Republican plan promotes domestic production, clean, and reliable energy sources, and advocates for better energy efficiency through conservation tax incentives." -Congressman Doug Lamborn (CO-05)

When Democrats took control of Congress in January 2007, the regular grade gas price in Colorado was $2.17 a gallon, as recorded by the Energy Information Administration (EIA). At that time, Speaker Nancy Pelosi promised the American people a "commonsense plan to help bring down skyrocketing gas prices."

Today, according to the Daily Fuel Gauge Report published by AAA, Coloradans are currently paying an astounding $3.76 a gallon thanks to the Pelosi Premium of $1.59. Unfortunately, this promise has not been kept at the detrimental expense of the American people.

Additionally, according to the American Petroleum Institute (API), "the United States imports more than 65% of its petroleum needs," making it clear the United States is dependent on foreign oil. The EIA also states that gas pump prices are determined by the price of crude oil, refining and distribution costs, and taxes from the federal and state level. Crude oil accounts for 70% of the price, as indicated by API.

Opening energy options in the United States would cut down transportation, refining, and, most importantly, crude oil costs accrued with importing foreign oil. This plan not only increases our American-made oil supply but will take pressure off demand in order to cut gas prices.

http://lamborn.house.gov/News/...

Cross Posted at http://coloradopols.com/userDiary.do?personId=6851