Pelosi is disastrously wrong on energy policy

Democratic House Speaker Nancy Pelosi on ABC's This Week shows herself to be ignorant, wrong and incompetent on the topic of energy. Redstate has video and commentary. A NewsBusters commentator breaks out the Pelosi myths one by one and debunks them:

Pelosi Myth #1 - More drilling will not reduce pump prices:

This violates the basic rules of supply and demand. Yet she offers a solution of releasing 700 Million Barrels of oil but 86 Billion in the OCS will have no effect? Imagine if we use all of this:

- 1.8 to 6 Trillion barrels of oil are estimated in the U.S. Oil-Shale Reserves (DOE)
- 175 to 315 Billion barrels of oil are estimated in the Oil Sands of Alberta, Canada (AGS)
- 100 Billion barrels of heavy oil are estimated in the U.S. (DOE)
- 90 Billion barrels of oil are estimated in the Arctic (USGS)
- 89 Billion barrels of immobile oil are estimated recoverable using CO2 injection in the U.S. (DOE)
- 86 Billion barrels of oil are estimated in the U.S. Outer Continental Shelf (MMS)
- 60 to 80 Billion barrels of oil are estimated in U.S. Tar Sands (DOE)
- 32 Billion barrels of oil are estimated in ANWR, NPRA and the Central North Slope in Alaska (USGS)
- 31.4 Billion barrels of oil are estimated in the East Greenland Rift Basins Province (USGS)
- 7.3 Billion barrels of oil are estimated in the West Greenland–East Canada Province (USGS)
- 4.3 Billion barrels of oil are estimated in the U.S. Bakken shale formation in North Dakota and Montana (USGS)
- 214 Million barrels of oil are estimated in the U.S. Illinois Basin (USGS)

Pelosi Myth #2 - Oil Leases:

The 'Idle' Oil Field Fallacy (The Wall Street Journal)

Pelosi Myth #3 - We can get rid of out dependance on foreign oil:

Myths About Breaking Our Foreign Oil Habit (The Washington Post)

Pelosi Myth #4 - ANWR:

The Truth About ANWR Drilling (Canada Free Press)

Pelosi Myth #5 - 'Big Oil' Record Profits:

Exxon's Earnings: No Apology Necessary (Cato Institute)

Exxon Posts Record $32.36 Billion Tax Payment (iStockAnalyst)

Pelosi Myth #6 - 'Big Oil' Subsidies:

"Big Oil" at the Public Trough? An Examination of Petroleum Subsidies (Cato Institute)

Pelosi Myth #7 - Saving the Planet:

George Carlin - The Planet is Fine (Adults Only) (Video) (8min)

Pelosi Myth #8 - Global Warming:

20/20: Give Me a Break: Global Warming (YouTube Video) (8min)

The Anti 'Man-Made' Global Warming Resource

CODA: Here's another anti-drilling Democrat who needs to get FIRED in the November election: "I am unalterably opposed to drilling," said Sen. Frank Lautenberg (D-N.J.), a member of the Environment and Public Works Committee.

UPDATE: Pelosi's dog and pony show is democracy inaction; she is afraid of debate, afraid of votes, afraid of majority rule. We are going to start calling this the
Drill-Nothing Democrat Congress.