top of page

Pelosi opposes increasing US oil production due to rising gas prices due to the Ukrainian invasion

Writer's picture: Capitol TimesCapitol Times

Photo Credit: US Department of Labor

Nancy Pelosi (D-Calif.), speaking at her weekly press conference on Thursday, blamed rising gas prices on Russia's invasion of Ukraine. Also, Pelosi said she would support a resolution by Sen. Joe Manchin (D-W.Va.) prohibiting the import of Russian oil, but opposed increasing domestic production.

The move has been applauded by Democrats who agree with Biden's attitude toward climate change.


Still, nearly all American travelers use oil-based fuels to get around. In these circumstances, the United States has become dependent on the Organization of Petroleum Exporting Countries (OPEC) and Russia since domestic oil production has decreased. Consequently, the price of energy-especially gasoline-has soared much faster than inflation as a whole.


As per the most recent Consumer Price Index published by the U.S. Commerce Department, prices have increased by 7.5 percent on average over the past year. By contrast, gasoline prices have increased by 40 percent.


Pelosi claimed, despite the fact that oil and gas prices have been rising since before the Ukrainian conflict began. "The issue of gas and oil prices are directly related to what is going on in the Ukraine," she said.


Several members of Congress have suggested getting rid of the federal gas tax, which she noted would help reduce gas prices. Although it seems straightforward, she said it isn't easy.


Pelosi heard a Ukrainian lawmaker say that "our people are being slaughtered, our nation is being overrun, and people are complaining about paying a little more for gas." “Well, we don’t want people paying a little more for gas,” she quickly added.


3 March 2022

ความคิดเห็น


Contact us

Letter to Editor-In-Chief
Editor@capitoltimesmedia.com

For Advertising in
Capitol Times Magazine:

ads@capitoltimesmedia.com

Capitol Times magazine Issue 5
Capitol times magazine 9
Capitol times magazine 10

Join our mailing list

FOLLOW US

  • X
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube

Disclaimer:

The views and opinions expressed in the articles or Interviews published in this magazine are solely those of the respective authors and do not necessarily reflect the official policy or position of the Capitol Times magazine or Capitol Times Media , its editors, or its staff. The authors are solely responsible for the content of their articles. The magazine strives to provide a platform for diverse voices and opinions, and we value the principle of free expression. The magazine assumes no responsibility or liability for any errors or omissions in the content of the articles. In no event shall the Capitol Times magazine or Capitol Times Media be liable for any special, direct, indirect, or incidental damages. Furthermore, the inclusion of advertisements or sponsored content in Capitol Times magazine does not constitute an endorsement or guarantee of the products, services, or views promoted by the advertisers. Readers are encouraged to conduct their own research and exercise caution when making decisions based on advertisements or sponsored content featured in this publication.

Thank you for reading and engaging with our publication. Your feedback is valuable to us as we continue to provide a platform for thought-provoking content and diverse perspectives.

© 2024 by Capitol Times Media LLC - Privacy Policy

bottom of page