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Gasoline Soars

Recorded on February 20, 2012

From The Heritage Foundation, I'm Ernest Istook.

By summer, gasoline prices should reach an all-time high. They're already almost 4-dollars-a-gallon many places, and near 5-dollars in parts of California.

Why? The disruptions in oil from the MidEast would mean nothing if not for decades of suppressing domestic drilling, plus policies like President Obama's refusal to allow the Keystone pipeline to be built.

For years, groups like the Rockefeller Foundation have spent millions helping extreme environmentists to block domestic oil and gas development.

Fanatics claim we're running out of oil and gas, so government subsidizes alternative energy that costs more and does less. Yet official studies confirm we have 25 times more oil and gas available to us than was thought just a few years ago. We have a 200-year supply if we'd just use it.

As you gas up, remember that these high prices are brought to you by your government.

From The Heritage Foundation, I'm Ernest Istook.