The Hill News

Here we go again. Oil is over $100, gasoline is $4, motorists are angry, the media is obsessed, and politicians are sounding off. It seems like the movie Groundhog Day: the same panic over high oil prices, time after time.

You wouldn’t know it by the speculative price rise in oil recently, but some pretty important things have changed--for the better--in US oil policy in just the last five years, in part because Democrats and Republicans have both supported common sense policies.

For example, both parties have helped raise fuel efficiency standards.  First under President Bush in 2007, then under President Obama in 2010, America has vastly improved the mileage performance of our vehicles, which will roughly double by the end of this decade. This is keeping our demand for oil down even as our economy grows.

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