WASHINGTON - The public must pressure Republicans in the White House and Congress to change directions in the country's energy policies, which have pushed oil and gas prices to record highs, a Democratic lawmaker said Saturday.


Sen. Debbie Stabenow said the rising price of oil, fostered by President Bush and Vice President Dick Cheney's close ties to the oil industry, is no longer just a burden.
"Now it is a crisis for every American family," the Michigan senator said in the Democrats' weekly radio address. She called the current energy situation "a crisis that doesn't just affect us at the pump, but also raises the prices of groceries, increases our home heating bills and squeezes small businesses trying to keep their heads above water."
Oil rose above $126 a barrel for the first time Friday and gasoline prices rose above an average $3.67 a gallon at the pump.
"Republicans want more drilling, more consumption and more tax giveaways for the big oil companies," she said. "Democrats say that those are exactly the policies that got us into this mess to begin with."
She promoted the Democratic proposals for changing energy policy. Those call for:
-Ending billions of dollars in tax breaks for big oil companies.
-Forcing the oil companies to do their part by investing some of their profits in clean and affordable alternative energy.
-Protecting the American people from price gougers and greedy oil traders who manipulate the market.
-Temporarily stopping the diversion of oil to the national Strategic Petroleum Reserve, which is already 97 percent full.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.


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