Tuesday, July 29, 2008

Does Norm really care about gas prices?

It might not surprise you that the answer is "no." He doesn't care about your price at the pump; all he cares about is increasing profits for the oil companies that have donated $210,000 to his campaign. That's the only possible reason for some of his ridiculous votes and fuzzy math.

Let's look at his ridiculous votes first. Coleman's campaign said he "voted against last week's [proposal to reduce oil speculation] because it lacked an offshore provision." Let me see if I understand this correctly: Coleman believes that oil speculation is hurting Americans, but he won't fix it unless we allow more drilling to increase oil companies' windfall profits. Clearly, Coleman's not being motivated by a desire to help Minnesotans.

Now, in the fuzzy math department, Coleman has essentially admitted that his offshore drilling plan is useless. He has criticized Al Franken's plan to sell 50 million barrels from the strategic oil reserve between now and election day, saying it would make only an "incremental difference." But Franken's plan would provide at least 30% more oil per day than Coleman's plan for offshore drilling.

Now, I'll admit I don't believe Franken's plan will be helpful. Why? Because adding small amounts of oil to the supply in a global market hardly causes prices to budge. The exact same principle applies to Coleman and Bachmann's plans to dramatically expand drilling, just to produce an amount of oil Coleman has already admitted will not have an impact on prices. So, if Coleman admits that this won't lower prices, why is he so focused on offshore drilling? You guessed it: $210,000 is a lot of money.



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