Gas prices out of control? Seven ways lawmakers could help – or hurt.

Gas prices are approaching $4 a gallon and oil prices are above $100 a barrel, leading politicians in Washington and statehouses to propose a flurry of legislation. Some proposals strive to quell voter angst while others might balance budgets by raising gas prices.

Approving oil pipeline to Canada’s tar sands

Jeff McIntosh / AP / File
The Albian Sands project, north of Fort McMurray, Alberta, is a leading effort in the push to turn oil-laden sand into useable crude. Alberta's tar sands cover an area equivalent to almost half of Colorado, representing potentially vast oil reserves.

At Senate hearings Wednesday, Republican Sens. Lindsey Graham of South Carolina and Richard Lugar of Indiana reiterated support for the proposed 1,700-mile long Keystone XL pipeline. Crossing six states, it would bring oil from Alberta's tar sands to the US, a plan environmentalists say would accelerate climate change.

4 of 7
You've read  of  free articles. Subscribe to continue.