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Bingaman May Not Support His Party’s Oil Tax Bill

Scott J. Ferrell/CQ Roll Call

Bingaman said that while his committee is looking at legislation that could potentially affect gas prices in the long term including measures providing incentives for electric cars there isnt much Congress can do about the $4 per gallon price at the pump right now.

It is not realistic to think were going to legislate a change in the price of oil short term, he said.

Additionally, Bingaman, who has helped block oil drilling in the Arctic National Wildlife Refuge for years, said he hasnt changed his position despite high gas prices.

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