Home pagePress CenterIn the Media Frank Verrastro, director of the CSIS Energy and National Security Program, was quoted by the San Francisco Chronicle, "While Congress Argues, Gas Costs Keep Climbing."
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Frank Verrastro, director of the CSIS Energy and National Security Program, was quoted by the San Francisco Chronicle, "While Congress Argues, Gas Costs Keep Climbing."
With gas prices soaring to a nationwide record of $4 a gallon, Americans might assume that Congress would move swiftly to address an issue that's hitting consumers' wallets and threatening the U.S. economy.
But both parties, caught up in election-year politics, seem more intent on blaming each other for the price spike.
"Oil is an internationally traded commodity, so absent price controls - which we tried in the 1970s and they didn't really work - there is not a lot Congress can do in terms of price relief," said Frank Verrastro, director of the energy and national security program at the Center for Strategic and International Studies. Read the article
The Center for Strategic and International Studies (CSIS) is a private, tax-exempt institution focusing on international public policy issues. Its research is nonpartisan and nonproprietary. CSIS does not take specific policy positions; accordingly, all views, positions, and conclusions expressed in these publications should be understood to be solely those of the authors.
