I'm getting a bit fed up. I just paid $10.00 at the pump and got all of 4 gallons of gas. The Racetrac I buy gas at on S. Sherwood Forest has seen an increase of $0.22 per gallon since Friday morning. Where is President Bush during this crisis? (and yes, it is a crisis) The man could be doing a lot of things to alleviate this situation. He could suspend the taxes on gasoline (roughly 1/2 of the price at the pump) at least until the price stabilizes somewhat. He could sign an executive order capping the price per gallon (drastic, yes, but as I said, this is a crisis). The prices are showing no sign of going down, in spite of the fact that the price of oil went down over $2.00 per barrel today. For those of you that may scoff at the notion that this is a crisis, bear in mind one thing: EVERYTHING in our economy is tied to the price at the pump. That loaf of bread I bought at the grocery store tonight got to the grocery store in the first place on a truck powered by gasoline. When the price of doing business goes up, that extra cost is passed on to the customer...that's a simple law of the market. I just don't think Mr. Bush is doing enough here. I still believe that he's a man of courage and character personally, but I'm starting to have my doubts about his ability to lead us through these times.
Unfortunately, gas prices are a long-term phenomenon and largely outside the power of the Executive branch. However, any attempt to lower/suspend/eliminate taxes is perfectly fine by me. And no, I don't give a damn what the revenue goes to.
There is nothing Bush can do to stop the worldwide decline in oil reserves. This is not a crisis that is going to end. We are simply running out of oil at an alarming rate. But I'm damned if I understand why the oil industry just got a bunch of breaks in the new energy bill. The oil companies are raking in record profits during this "crisis". Billions. Big Oil got their man in office and he has not let them down.
If the damn libs would just let us drill wherever we can find oil we wouldn't have a shortage. But, God forbid we hurt some damn woodpecker. Damn liberal bastards are the first to bitch about oil exploration, but, quick to blame Bush for the price of gas. Before someone gets their little panties in a wad, this isn't directed at anyone in particular. Well, except Rex.
I'm afraid its too late in this game to do much at this point. George Bush could suspend the gas tax and it would help soon but that is only a short term solution. If it wasn't bad enough already, some states are charging people by the mile such as Oregon. We are now reaping the "benefits" from the environmentalist wackos and others that don't want us to explore and drill for oil in the United States. If we could at least tap some of our reserves we could have a little market share to dictate prices. We are at the mercy of the world, For maybe the first time we can't function independantly, god forbid if we ever have to geaux to war and our oil is cut off. Like I said on the gas thread, we should have one recipe of gas for the entire nation or at least thin it down as much as possible. We need to become more efficient also. The oil problems are only going to get worse in time with countries like China in demand of more gasoline. The only good thing from this is that maybe now it will be efficient enough for new explorations into alternative fuels.
He's bought and paid for(just like all the scumbags in DC), plus there are no more elections for him to win....... So now he's throwing the screws to everyone. The other day there was something on fox where some trader talked about how the price went up $7 a barrel because they thought there might be trouble in a few of the refineries in a week or so..... Now the prices go up when they "think" something bad might happen, not actually happen....
Exactly. Look no further than the campaign contributions on both sides of the fence, and you see why these pathetic, self-interested hypocrites do nothing to better the US's energy policy. It's sickening. These morons can't think past their own term, and then have the gall to manipulate situations for their own private investment agendas. Nevertheless, middle America, those hit most hardest by our leaders' failures, blindly follow the two parties, because...well, I guess because they're told to.
Eliminating taxes on gasoline is not a big help. The federal tax is 18.4 cents per gallon. Louisiana's rate is 20 cents. While I wouldn't mind eliminating this tax, knocking off 38.4 cents per gallon will quickly be gobbled up by future gas increases. Not a big help, IMO. Click here if you want to see the tax rate in your state ... State Gasoline Tax Rate Price fixing is always a bad idea ... ALWAYS! I'd love to hear from those of you who believe Bush and/or our government can control the price of oil in the world. How exactly do they do that? Invest a few dollars in any credible energy stock fund and you too could be getting a healthy 50+% annual return on your investment. That'll more than pay for your gasoline price increases. :thumb: