by Senator Harry Reid
Senate Majority Leader
Tackling The Cause of Increasing Oil And Gas Prices
Many of us think fondly of family vacations come summertime, of packing up the car and heading off to visit relatives or taking off on a new adventure. The soaring gas prices we face today, however, make driving downright unaffordable for many Nevadans. And now the cost of oil is taking a toll on food prices. With every passing day, meeting basic needs on a fixed income is becoming a greater challenge.
Boulder City Magazine®
|Filling our tanks here in Nevada costs almost $3,000 more per year than it did seven years ago. And the sharp rise in food prices can be attributed to the drastic increase in diesel prices, which have gone up 177 percent since 2000, from $1.51 to $4.18. Now, the average price of diesel fuel in Nevada is $4.24 a gallon.
Consumers certainly can’t expect any relief from Big Oil, so I recently introduced the Consumer-First Energy Act of 2008. This legislation would stand up for you, the consumer, by holding Big Oil accountable and taking an important first step toward both short and long-term solutions to this enormous problem.
The Consumer-First Energy Act will stand up to OPEC and countries colluding to set high oil prices. It will also stand up to Big Oil and rein in greedy oil traders who manipulate the market and price gougers who rip off American consumers. We are also trying to drive the oil companies to invest in clean affordable alternatives so we’re not so heavily dependent on oil.
For the last seven years, tax breaks have been handed out to Big Oil, and currently, $5,000 a second is being spent to run the war in Iraq. When the war began in 2003, the average price of a gallon of gasoline was $1.57. Since then, disruptions from the war, insurgent attacks on the oil industry and a lack of investment have all strangled Iraq’s oil production. Nevadans are now suffering through an average of $3.65 per gallon, and $4 is right around the corner.
We know it will take time to fully solve an issue of this magnitude, but I am committed to giving you relief both now and in the future. It’s what the Consumer-First Energy Act could do.
Contact Harry Reid at http://reid.senate.gov/
P.O. Box 61901
Boulder City, Nevada 89006
Phone (702) 294-1392 Fax (702) 294-1392
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