Ok, So gasoline is at $4 a gallon, and what’s Barry’s solution? LOWER SUPPLY! You’d think that presidential candidates would understand the most simplistic and basic law of economics, the law of supply and demand. Barry wants to tax the oil companies (big surprise coming from a lib, eh?), and that somehow will cause the supply to rise, and/or price to fall. Gee, maybe if there was some previous history to taxing the oil companies when supply is tight to compare too… Oh, wait there IS previous history. Back in the 70’s the Carter administration taxed the oil companies and what happened? Domestic production fell. Just what we need when production is so tight right? If Barry really wants to do the right thing, they perhaps he could let the oil companies drill for oil here in the US and offshore, where millions upon millions of domestic oil sit idle while prices skyrocket. Or maybe encourage coal gasification and liquefaction, or let the oil companies build more refineries, or allow nuclear power plants to be built, or all of the above. The real solutions to our problems are right there, but no one in government seems to want a solution. Instead, they drag the oil companies on TV and scold them for being a bad boy, and threaten socialistic dictatorship by threatening to federalize the oil business. What a solution, the government controlling oil (more than they already do)? Don’t get me wrong, I’m sure the oil companies are also at fault, but if someone in government would just grow the balls and push for the RIGHT solution, we could get some relief from the madness that’s taking over our country.
