Gov't price fixing won't help. Higher taxes won'thelp, butwill make prices higher. Lower taxes will backfire, running up consumption without addressing the supply problem.
Congress needs to allow the tapping of more resources and the refining of more oil. Our country is petroleum based, and that will take decades to change. We're not ready yet, and the economy is taking too big of a hit right now, uneccessarily.
There's no easing the current economic woes through a patch to the oil problem, but a mid-to-long-term fix in the supply end will get us through the transition to alternative power. Maybe it will help stave off some global famine in the mean time.
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RE: There is only one cure for high gas prices
I agree, but it should have taken place 10 years ago. We saw this comming years ago, as well asliving through the 70/80s crunch, and we refused to fix the problem.
Just think of it, our newest refinery is 30 years old.
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kaafir mushrik
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I agree, but it should have taken place 10 years ago. We saw this comming years ago, as well asliving through the 70/80s crunch, and we refused to fix the problem.
Just think of it, our newest refinery is 30 years old.
Exactly. Every administration has buried it's head in the sand -- scratch that. The Republicans have burried their heads in the sand (or in oil ceo's behinds). The dem's have worked against us on drilling and refining (they're heads were up the greenies' behinds).
Hey, c'mon now.. Hillbillery has a plan. She's going to drop the 18 cents per gallon gas tax for the summer, and then take $8 Billion from the oil companies.
Note that the effect will be to increase demand (which causes oil prices to rise) and will decrease funds available for exploration, drilling and development of additional oil fields, which has the effect of decreasing supply (which causes oil prices to rise).
She takes $8B from them, they take it right back from us, not a solution. A lot of the dummycrap congressmen and senators whom she'll need to pull that off are in the oil company's pocket just as deeply as their publican counterparts, I don't see it happening.
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There is when we're having to import millions of gallons of refined gasoline, yes.
The original post in this thread is pretty much spot-on, except that I'm not necessarily sure that Congress has done anything to limit new refineries. Let's make it easier to build a refinery and see what happens, and then we'll see whether that part of the post is correct or not.
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Politics, it seems to me, all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour
There is a problem with respect to the supply within the market. There is no supply problem, yet, with what's
within the earth.
"problem" is relative as I now think about it. It $4 per gallon is cool with you, then I guess there is no problem. But if you want the price to drop, we need a lot more oil out there in the market. If that were the case, not so many people would be using it as a tool for speculation.
There is when we're having to import millions of gallons of refined gasoline, yes.
There is nothing wrong with importing gasoline. Whether you import it in it's crude state or as finished product, it still made the trip into your gas tank. The mere fact we import it and have built the off loading terminals for the finished product, leaves us in a stronger position. We can build termals outside the reach of EPA and the tree hungers to make it cheaper then the BS you have to put up with here at home.
Quote:
except that I'm not necessarily sure that Congress has done anything to limit new refineries.
Nope nothing about 35 years worth of EPA has done anything to restrict drilling. Congress sure has clean hands on this one.
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There is only one cure for high gas prices
