Saturday, April 30, 2011

Gas Prices

I heard this on my local news channel a republic representative says that if gas hits $5 a gallon Obama will loss the White House in 2012.

1.)Interfering in capital markets to fix or set prices is the opposite of free capital market system which I thought was a republic core value? It is actually a form of communism something that they are often accusing others of.

2.)Anyone who is telling you that drilling oil beginning right now will have any impact on what you will pay for gas this summer is lying to you.

3.)The president does not have control of gas prices. This is basic economics. Oil is a scarce resource. When the supply chain is threatened by things like civil wars in Libya, Africa, Iraq etc the supply and pipeline of gas gets more expensive. If anything this flux of prices should cause more people to support the president and his renewable energy programs to avoid these price swings in the future.

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