Anyone familiar with modern politics knows that Republicans and Democrats regularly vie with each other to see who can be more economically illiterate, but it seems that with this proposed legislation, Democrats are determined to take the lead and cripple the US oil industry permanently. It is a shame that for all the years Republicans controlled both houses of Congress and the White House they could not come up with any decent energy-based legislation, but at least we can now be thankful for small favors that Republicans seem to have "discovered" the evils of federal regulation of oil markets.
The attempts by Congress to manipulate the price of oil by interference in the laws of economics will have bad consequences says William Anderson.
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