Quote of the Day-
“The price is totally dependent on the world market for crude oil, and the demand for crude oil is insatiable,” Domenici said.
He said Americans can help stabilize gas prices in the longer term by using less gas and pushing federal policymakers to open domestic oil reserves— such as the Arctic National Wildlife Refuge in Alaska and shale oil deposits in Colorado— to drilling.
“If we really believe we have a crisis, then we ought to produce more homegrown product,” Domenici said. “We are leaving a lot of oil and gas unattended in the United States.”
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