Newt Gingrich is on the stump again - he was on the Daily Show this past week - but what I didn't know, and it was not apparent in his interview with John Stewart, is that he's now in the embraces of the big oil companies. The following is from the Progress Report (Think Progress's newsletter) dated 9/5/2008.
RADICAL RIGHT -- GINGRICH CLAIMS U.S. HAS MORE OIL AND GAS SUPPLIES THAN VENEZUELA OR SAUDI ARABIA: During an appearance on the Tavis Smiley show earlier this week, former House speaker Newt Gingrich -- stumping for his "Drill Here, Drill Now, Pay Less" campaign funded by right-wing billionaires to sell the Big Oil agenda -- claimed that "if you used America's energy resources and you didn't have to buy oil from Venezuela or Saudi Arabia it'd be a lot less expensive." Yet what Gingrich didn't mention is that the United States has only 2 percent of the world's oil and gas reserves but uses 24 percent of production. This isn't the first time Gingrich has showed his ignorance on energy issues. He has previously said that inflating car tires properly in order to save energy is "loony tunes" even though both the Department of Energy and the auto industry advocate such practices. A few days later he made the astonishing claim that inflating your tires somehow enriches Big Oil's profits.
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