With everyone from farmers to truckers to commuters on the way to work already feeling the pinch at the pump, the senior member of Iowa’s Congressional Delegation is worried that further trouble might be looming ahead.
Recent release by the White House of extremely tight plans for new leases in both the Atlantic and Pacific has many crying foul for the prospects for fuel.
Additionally, burdensome fracking regulations, a tight lending policy for any oil producer and a pipeline shutdown for the industry have all had deleterious effects on oil production.
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