"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB
blaming the leaders won't bring oil prices down...
Carter displayed real leadership on energy issues in his day, and the GOP tore up his plan as soon as they could.
Same thing could happen today....
I look forward to the debates coming up in the next election cycle. I bet the same stupid rhetoric will be coming from both sides.
Politicians should be looking to actual scientists for ideas....
Oracle of Utah
Truth rings hollow in empty heads.
Gas prices in the USA are still low compared to many other countries....
the truly poor don't complain much since they don't have cars.
The rich don't care what it costs.
The middle class are the ones complaining, but will they carpool? nope.....
The HOV lanes in the Phoenix area are rarely crowded. If they could catch and ticket all those driving in HOV lanes illegaly, they could make a substantial dent in the states deficit....
Oracle of Utah
Truth rings hollow in empty heads.
Wait, did you say MORE tax on gas? I don't know where you're pumping from, but the gas tax here in North Carolina is already $0.3055. Sorry if I don't exactly agree with this idea.
What we should do is lessen the EPA requirements on different blends. Prices would drop immediately.
in other words, more power to you
in just the last few months:
Oil Jumps 2% in a Day - Bloomberg
gold, oil soar as inflation fears mount
Oil Rises to 30-Month High - Bloomberg
Oil climbs to highest since 2008 - Yahoo! Finance
Two-thirds of oil and gas leases in Gulf inactive - Yahoo! News
Economist warns of double dip recession if oil hits $140
Post Carbon - Obama administration reimposes offshore oil drilling ban
Obama bans eastern Gulf drilling for 7 years - CNN
Judge rules against White House on drilling ban | Reuters
Judge blocks deepwater drilling ban; Obama to appeal | McClatchy
Obama Will Appeal Judge's Ruling Against Drilling Moratorium
Bill Clinton: Drilling delays 'ridiculous' - Darren Goode - POLITICO.com
Food and gas prices on the rise
Gas Prices Show 7th Consecutive Weekly Increase, but It's Not Just About the Middle East - ABC News
Oil's surge felt by drivers, fliers and shoppers - Yahoo! Finance
gasoline prices keep rising - Yahoo! News
March consumer sentiment lowest in over a year | Reuters
Gas prices up 33 cents in two weeks - CNN.com
AAA: gas nat'l avg $3.75
Gasoline up 100% under Obama - Washington Times
Obama says little short-term help for gas prices
Wholesale prices up 1.6 pct. on steep rise in food - Yahoo! Finance
Food Commodities Rise Seen Swamping Consumers With Inflation - Bloomberg
Get ready to be 'swamped' by food inflation
Food Inflation Hidden in Smaller Bags
Corn prices at highest level since summer '08 - Boston.com
Corn Prices Jump to 33-Month High on Shrinking U.S. Supply - Bloomberg
Push for green biofuels 'has put food prices up by massive 75%
Clinton: Too much ethanol could lead to food riots - Yahoo! News
Global food scare widens
World Bank: Food prices at "dangerous levels" - Yahoo! News
World food prices hit record high: UN agency
Clothing Prices to Rise 10% by Spring
Inflation Rate Rises: Food, Clothing And Alcohol | Business | Sky News
Bernanke says commodity prices driving up inflation
High oil and commodity prices likely to push up inflation | Business | The Guardian
Consumer morale stagnates in March | Reuters
Consumer confidence falls sharply in March - MarketWatch
Fed Buying Bonds by Trillions
Fed to Buy $600 Billion of Treasurys - WSJ.com
Fed members raise specter of higher interest rates - Forbes.com
Fed Likely to Raise Rates
Fed Official: Funds rate should hit 2.5% in year - MarketWatch
Minneapolis Fed Sees Higher Rates by Year End - WSJ.com
Traders Short Dollar as Currency Loses Attraction
until the price of crude reaches painful levels and remains there...
hardly a solution
meanwhile: Senate Democrats urge White House to shelve cap & trade - National Environmental Headlines | Examiner.com
Oil on the other hand has been left to the open market. A market controlled largely by countries with relatively small populations and huge supplies of this stuff. So for various reasons the price may skyrocket for a while as it did in 2007/8 can't remember to 147 a barrel then plumment to 35 a barrel several months later. No reasonable corporation will spend tens of billions on an investment that may take 5-10 years to complete with that set of variables.
All that being said, unless the congress can decide to put a floor on oil prices I can't see how private funding can fix this problem. Another way to put a floor under oil, is to put a heavy tax on it like they do in Europe. Nor surprising that they drive smaller cars, use more nuclear than we do, build much more wind etc and drill in the North Sea which seems to be much more of a challenge than the gulf of Mexico.
People on the right will complain about price controls and taxes, peopleon the left will complain about regressive taxes, plus they don't even like alternative sources of energy. Wind kills many birds, nuclear is unsafe ( though no one has ever died in the U.S. because of it to my knowledge). So here we are, nowhere.
This president and congress being as partisan as tey are offer little hope for a rational solution that would mean some give and take from both sides.
Let the debate begin!