For those of you wondering about what's happening on the House floor regarding "energy week," an effort by House Republicans to pressure Senate Democrats on the energy bill, it has been postponed due to the Reagan funeral this week. Meanwhile, Daschle says passing the energy bill would honor Reagan. DVT has more on that development.
Daschle also has a post regarding gas prices on his blog, an attempt to wring as much political capital from that issue as possible. For an interesting take on gas prices, see this piece in the New Republic. Excerpt:
[G]as prices aren't actually that big a problem. Mathematically illiterate local news programs hype the fact that gas prices have topped the $2 mark for the first time ever. But, of course, the nature of inflation is such that, over time, the nominal cost of nearly everything tends to rise. Indeed, the average price of gas in the 1950s--an era many Americans remember as one of abundant, cheap energy--was about $1.80 per gallon in today's money; the U.S. record price for gasoline occurred in 1981, when regular unleaded cost about $2.80 per gallon in 2004 dollars.
Recent Comments