Sunday, August 24, 2008

Kennedy Opposes Measure Getting Tough on Oil Speculation

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Supports $4 per gallon at the pump.

Friends of Mary Landrieu today released the following statement in response to John Kennedy's partisan attacks on United States Senator Mary Landrieu, D-La.

Landrieu campaign spokesman Scott Schneider said:

"This just goes to show that the National Republican Senatorial Committee was right when they said John Kennedy's not ready for primetime. A trip to would show that Sen. Landrieu voted to restrict oil speculation, which experts have said is responsible for as much as 50% of recent increases in gas prices. A wide range of experts, including oil executives, consumer advocates and past federal regulators agree that speculation is a significant factor in the current energy crisis. I guess John Kennedy likes paying $4 per gallon at the pump, but Sen. Landrieu is fighting to make sure other Louisianians don't have to.

"Louisianians know that Sen. Landrieu is a leader in the U.S. Senate on oil and gas exploration. It was her bill that opened 8.3 million new acres to oil and gas production in the Gulf of Mexico - the first time in 25 years that portions of the outer continental shelf were opened to energy exploration. The bill also meant $40 billion for Louisiana for coastal restoration and hurricane protection projects."

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