Anyone else find it amusing or perhaps exasperating that our executive branch is finally getting around to doing something about the gas price situation? I'm not harping on the reality of paying (today, anyway) $2.79 for a gallon of gas. Hey, have you seen the price of gas in Finland lately?
All of the Chicken Littles whose sky is falling parrot the liberals' favorite talking point on this issue: there's some evil conspiracy between the President and Veep and "Big Oil." That's right y'all, Bush is lining his pockets with funds siphoned out of ExxonMobil while you are paying $100 to fill up your Hummer. And before you go there, NO, I am absolutely not anti-SUV. Buy what car you need or want -- it's s free country. If I'm an ExxonMobil stockholder (I'm not currently) and they're making "obscene" (liberals' words, not mine) profits, and the stock price reflects the same, well hooray for me and my IRA portfolio. And they claim it's a vast right-wing conspiracy...geez.
As for suspending deposits for the strategic petroleum reserves (held in a secret, undisclosed location...), I disagree with that from a, well...strategic viewpoint. In the interest of national security, our government should continue these deposits, or risk real shortages when the time becomes critical. Granted, the deposits President Bush is suspending do not amount to much on the grand scale, but I don't think it's the best option.
It really gets down to supply and demand, Economics 101, remember? As long as we demand, demand, and demand some more, then our OPEC suppliers will gladly supply us, albeit at a price meeting the market equilibrium. If the US suddenly decided to tap into the Alaskan National reserves, the resulting shift in supply would most likely force prices down. What about shale oil deposits in the Western US? Several options exist for America. Our total dependence on Arab and other foreign oil shouldn't be one of them.
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