Energy Policy

Gas Price Panic

Democrats anxious about gas prices while stopping measures to increase long-term supply

Worried about the political consequences of higher gas prices, left-wing think tanks and some House Democrats are urging Obama to tap into the Strategic Petroleum Reserve. The Democratic Congressional Campaign Committee, meanwhile, is lashing out at the GOP, oil companies, and the Koch brothers. The spike in oil prices comes at a bad time for the Obama administration since it recently killed plans for the Keystone XL pipeline, a project that would bring oil from Canada to the Gulf of Mexico.