Home > newsroom > Page
Unrest in Libya Could Spread to Other OPEC Members, Lead to Record Prices at the Pump
Obama Administration Continues Blocking American Energy Production

WASHINGTON, D.C., February 22, 2011 -

*Source: Energy Information Administration

Political turmoil in the Middle East, most recently in Egypt and Libya, is putting the United States’ already tenuous energy security on more fragile ground. The recent waves of political uprisings in Northern Africa and the Middle East have sparked concern of lost crude oil production, which in turn could cause U.S. gasoline prices to spike.

The Egyptian controlled Suez Canal and Suez pipeline are responsible for the transportation of nearly four million barrels of oil and petroleum products a day. Libya, an OPEC country, holds the largest proven oil reserves in Africa and accounts for five percent of U.S. oil imports. The disruption of Libyan oil production and further Middle Eastern political strife (Saudi Arabia, Iran, etc.) could dramatically influence the price of fuel. Coupled with the Obama Administration’s de facto moratorium on offshore drilling, American families could see gasoline prices rise above four dollars.

Americans are bracing for rising gasoline prices as a result of Middle East turmoil and the Obama Administration’s anti-energy policies:

###

Printable PDF of this document


Contact: Jill Strait or Spencer Pederson 202-226-9019

Latest News

Panel Decries Natural Resources Laws Led Astray, Outlines Local Consequences of Executive Overreach

Today, the Subcommittee on Oversight and Investigations held the first of a series of oversight hearings to examine the impacts of federal natural resources laws gone astray. The panel focused on thre...... Read more

Op-Ed: "Time to Modernize the Antiquity Act"

NOTE: “Consider how far the Antiquities Act has strayed from its original intent: The act states that monument designations should be limited to “the smallest area compatible with proper care and mana...... Read more

Community Reclamation Partnerships Act Draws Bipartisan Support

Today, the Subcommittee on Energy and Mineral Resources held a legislative hearing on the “Community Reclamation Partnerships Act” (Rep. Darin LaHood, R-IL), discussion draft legislation to authorize ...... Read more

View All News

Calendar

No upcoming scheduled events

View All Events