The price of gasoline is spiraling toward $4.00 a gallon, which is drawing attention from lawmakers.
U.S. Senator Lindsey Graham says that is not the result of a rise in demand, because the country is in a recession and demand is actually down. Graham says high prices at the pump are due to the turbulent situation in the Middle East, which signals the need to reduce our dependence on foreign oil. In an interview with Greenwood affiliate WLMA, Graham says the death of Osama bin Laden will only help in the short term.
Graham says he would rather import oil from Canada than the Middle East, but right now we should be thinking of expanding oil exploration here in the United States.
Graham suggests that the ANWR area of Alaska would be an ideal place to step up drilling for oil. ANWR is an acronym for the Arctic National Wildlife Refuge located in Alaska. He has also voiced support for a pipeline connecting the U.S. with oil fields in Alberta, Canada.
Graham says, for the long term, the country should expand the production of energy alternatives and automobiles that run on alternative fuels. That technology would open up new business opportunities in South Carolina.