Remembering that, realize the government now receives $86 million each day from the oil companies!
Intended or not, he’s gotten his wish; oil prices are skyrocketing. Thanks, Mr. Obama! This is not what we expect of a President!
The question remains though, should the government be involved in setting or regulating gasoline prices?
NO! Not exactly . . . . Free markets work and should be allowed to. But sometimes, when manipulations are obviously impacting you and I (as they are now), there is a place for government intervention. All we need to do is take the profit out of manipulation, which will allow the free market to work.
The president obviously chastened Energy Secretary Chu for saying that ‘reducing the price of American’s gasoline is not the government’s overall goal.’ Their stated intent was that Americans should be paying the same as Europe – closer to $10/gallon!
The number 1 job of federal government is to protect the people and our forefathers warned that more nations have collapsed due to finances, than to other influences. Mr. Obama has failed at his job!
A responsible Congress would see to it that certain forms of manipulation could no longer bring them ridiculous profits!
Supply & Demand works! It’s just that, at this point, America’s Supply is being manipulated.
Gasoline is in short supply in America, keeping the price high because it’s being shipped out of America, to other nations where the price is higher!
There needs to be a penalty or an export tax on gasoline being shipped out of the country!
What is drilled here, what we have purchased and is shipped here, should stay here!
Greedy manipulators are making exhorbatant profits are, screwing the American people by drastically cutting the supply of gasoline! They’re doing it by selling what is refined here, overseas where more profit can be made!
When oil shipped here / imported to the U.S. or drilled here, . . . . when it stays here, we’ll find that prices drop; we’ll also find that the erratic instability of middle-eastern oil will have less of an impact.
Rejecting Keystone, as President Obama did, was an Un-American act, and the people should remember that come election time! Hopefully, the price at the pump, will remind us.
There’s one other option not been addressed as yet. It’s very possible that the intent of Obama was to nationalize the oil companies . . . .
In fact, I’ll go so far to say that, after fair warning, those who continue to ship oil overseas, ought to find themselves on the wrong side of prison bars!