There is an approximately 97.5% chance that when asked about Oil and Gas prices, the Pelosi twins will give you the stock Democrat talking points response.  This is Obama on CNBC courtesy of NRO, parroting the party line which both Hodes and Shea-Porter rely on as a feeding tube.

… The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers.

What I find shocking is that there are trillions of barrels worth of oil shale, 1.45 billion barrels per day sitting up in Alaska, and billions more just waiting off the coast, and the best Democrats can do is tell us they will try to put some money in our pockets (Whose money from where?) and encourage auto companies to spend billions to adapt so we can pay that much more for cars so they can pander to the green lobby.

So much more on the jump.

 I’ve been saying for months that even the likelihood of an American increase in production would start to take the speculative price pressure off oil.  Noel Sheppard does it better than I ever could here, but let me see if I can paraphrase it for you.

Speculators make selling decisions based on the expected price in the upcoming months.  If the US says today, we’re opening up trillion of barrels to development, two things will happen.  First, current producers will start to feel the pressure to increase out put over the coming years to take advantage of higher prices now.  Speculators will be less likely to hold commodities with a depreciating future value and will sell rather than hold and buy.  These two affects will push oil down now, and keep it lower as we develop our domestic capacity. 

But while we sit here trapped under tons of regulations, every other nation that needs oil is developing their own resources and in some cases ours.  I think China is drilling off the coast of Florida now, courtesy of Cuba–Democrats love their “Health Care,” hey–what about their oil drilling?

Just for the record, since 1980

Shea-Porter and Hodes, along with most Democrats a few RINO’s and some pandering Republicans, would rather present you with the appearance of “doing something” now, while promising to look at other options later.

What options?  There are none.  There is no Utopian ‘oil free’ energy solution coming that will be viable in less time than it will take to depress existing oil prices and jump start the economy by opening up domestic reserves.  (The Ethanol thing worked out great–that should tell us enough) In the interim, we could do a better job of streamlining the regulatory process–making it cheaper on tax payers and suppliers–so that the industries involved can all spend more time and money on improving extraction, refinement, instead of dancing through hoops and over obstacles.  But you have to want it, and Democrats and greens are still hoping their green solutions will on day become cheaper if they can just drive the price of oil a little bit higher. 

Sorry, I can’t wait.

We need to force Democrats to admit that their only answer on the rising cost of energy isn’t “make and keep energy as cheap as possible,” its make the Wal-Mart price so expensive that Gucci is more affordable by comparison.  That’s what they really want.  Ask them.  I intend to.

You want hear about some “Change I can beleive in?”  Lift the 30 years worth of legislative obstacles and Drill now!