Congressional Oil Cartel By David Freddoso

Members pass a law they have been breaking for years.

Members of Congress should consider themselves fortunate that the Constitution gives them legislative immunity. Otherwise, they might someday face prosecution under a law they overwhelmingly passed this week.

The bill — referred to as “NOPEC” — is a meaningless gesture whose symbolism is intended to mollify angry motorists as gasoline prices approach $4 per gallon. Even though Democrats are intentionally keeping those prices high for environmentalist reasons, they have passed this bill as their way of shaking a stick at the Organization of Petroleum Exporting Countries (OPEC), the international cartel whose supply decisions have enormous and dangerous influence on the price of oil.

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Pelosi Premium Pain By David Freddoso

Democrats want more expensive energy.

House Republicans sent out an e-mail to celebrate the second anniversary of Speaker Nancy Pelosi’s (D., Calif.) promise that she had a “common-sense plan” to reduce gasoline prices — details of which she has yet to reveal. Their release included the gory details on how today’s fossil-fuel prices compare to those of two years ago: a barrel of crude oil up to $117 from $64; heating oil at $3.31 per gallon, up from $2.71; gasoline up to $3.56 a gallon from $2.96 (remember when we used to complain about gas flirting with the $3 mark?); and diesel fuel up to $4.14 from $2.87 per gallon.

Republicans have taken to calling this phenomenon the “Pelosi Premium.”

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