Who's running the Senate? The three stooges???

House passes bill to sue OPEC over oil prices Reuters:

"WASHINGTON (Reuters) - The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.
The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow."

Except that they aren't an U.S. company ... this is what happens when you limit the supplies that American companies can do.
The congress tied the hands of our own producers making us more dependant on foreign supplies of oil.

Lets get this straight right now. The way this worked was, we used to get most of our oil from our own oil fields ... it was cheap, it was good, and it was here. the oil nations over there got together and made up a conglomerate (OPEC) and began to undersell the US producers and the costs stayed below a buck (back when we could actually find the 'cent' symbol on a key board) .... then in the 1970's during the Carter administration OPEC began to cut their supplies and raising their prices (sound familiar).

So what did we do? Did we start to increase the amount of oil we got from our OWN producers? No .... instead we limited the amount of oil that people could get (anyone else remember gas shortages?).

Suddenly gas got over $1 ... which doesn't sound like a lot, but I think the average income in the US at the time was like $18,000 - yup that's it.

Now gas is going to $5 by the end of the summer ... and the average income is only $32,000 - 35,000.

Yep that is soooo much higher of a percentage.

So how are we going to handle it now? Are we going to incourage our own companies to produce more? Allow them to go where we know there is plenty of oil and force OPEC to play our game for once?

No. Instead we are going to sue them according to our law ... sue a group of people who we have no authority over. It would be like China suing us in one of their courts because of the lead-paint fiasco .... we would just sit back and laugh at them!

Don't you love political blustering during election years???

Oh and who is responsible for the US companies from not being able to produce the oil? Congress == NOT the president -- he wanted to let them drill.
CONGRESS is to blame for the economic plight we are in now.

Don't listen to the hype put out there by the media and lock-steppers. This is NOT Bush's fault ... it rests absolutely, totally, completely on the shoulders of .... CONGRESS