Congressional Republicans claim magical powers over oil prices
By: Steve Benen

Once again, House Republicans are on Capitol Hill during the August recess, and once again, they are holding something of a sit-in, giving spirited speeches about coastal drilling for tourists and congressional staffers who happen to pass by the charade.

Yesterday, however, there was a bit of a twist in the Republican rhetoric. Far-right lawmakers actually believe they’re affecting the market by talking to each other.

House Republicans on Tuesday said their protest of Speaker Nancy Pelosi’s (D-Calif.) decision not to allow a vote on expanded offshore oil drilling has helped lower gas prices.

Heading into a third day of speeches in the near-empty chamber, Republicans acknowledged that the average price of gas and oil has declined in recent weeks. But they claimed credit for part of that reduction.

“I think the market is responding to the fact that we are here talking,” said Rep. John Shadegg (R-Ariz.) at a joint press conference with other GOP lawmakers. “I think the market realizes this kind of pressure from Congress may, in fact, lead to a change in policy.”

The Republican members did not answer questions about whether they would take the blame if gas prices go up again.

Yes, House Republicans are hosting a very sad little photo-op on the Hill, and some of them are willing to argue, out loud, in public, that simply by talking to each other about drilling, they’re able to bring the price of fuel down.

If you told me that Speaker Pelosi’s office was paying these clowns money to make House Republicans look ridiculous, I’d be tempted to believe you.(Read the rest of this story…)