Congress in 1974 set a national 55 mph speed limit because of energy shortages caused by the Arab oil embargo. The speed limit was repealed in 1995 when crude oil dipped to $17 a barrel and gasoline cost $1.10 a gallon.
As motorists headed on trips for this Fourth of July weekend, gasoline averaged $4.10 a gallon nationwide, with oil hovering around $145 a barrel
It turns out Republican Senator John Warner is leading the charge. If memory serves me correctly, Warner is a RINO, which would explain why he’s addressing gas prices with forced decreases in consumption rather than what the Department of Energy suggests is the wisest approach, an increase in production.
Gas prices are up because of world-wide increases in consumption. Domestic decreases will have little effect over global factors, but it will appease enviro-nuts who put a lot of pressure on politicians to do stupid things like ban domestic drilling. The US has more oil beneath it than any other place on the globe, but we sit on it because Liberal politicians (including RINOs) are too afraid of offending the Global Warming enviro-nazis. Remember that the next time you have to fork over an arm and a leg to get enough gas to get to work, especially if it then takes you a much longer time to get to work because you have to do it a 55 MPH.
Danny Carlton blogs at JackLewis.net