By Lisa Margonelli
Originally published on Fri March 30, 2012 7:23 am
Lisa Margonelli directs the New America Foundation's energy initiative.
As gasoline prices passed $3.50 a gallon nationally, the politicking predictably kicked into overdrive. "There's no reason we can't get gasoline down to $2 and $2.50 a gallon," said Newt Gingrich, who in February promised he would accomplish this via an agenda he called "Drill here, drill now, pay less." Two days later three prominent Democrats, including Representative Ed Markey, called for President Obama to release oil from the Strategic Petroleum Reserve to lower gas prices.
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