Drilling in ANWR fails to lower energy prices today and sets no long term energy strategy for tomorrow.
Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight.
The crusade to convince us that global warming can only be dealt with by wealth destruction and higher energy prices began with an effort to 'raise awareness,' which turned into some delicate nanny-state prodding before efforts to artificially inflate prices.
I want to talk about jobs, the economy, foreclosures. I want to talk about energy prices.
Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.
The EPA's greenhouse gas regulations, along with a host of other onerous regulations, are unnecessarily driving out conventional fuels as part of America's energy mix. The consequences are higher energy prices for families and a contraction of our nation's economic growth.
Higher energy prices are requiring industry and commerce to examine the costs and efficiency of energy use.
Household spending growth has been particularly solid in 2015, with purchases of new motor vehicles especially strong. Job growth has bolstered household income, and lower energy prices have left consumers with more to spend on other goods and services.
Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.
Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.
