What is a surprise to me is the amount that the feds receive; 15 percent! WOW! The feds can save us money just by reducing their tax. This % can reduce my price over 60 cents per gallon. I wouldn't mind that!
Now I know that it is costly to drill, ship and refine the oil. Certainly new research and new produces (modes of transportation) can be provided. Yet, an immediate solution is found through an act of congress. The Democrats can do something now! But they haven't and probably won't.
As for the oil companies, they too can act but only if congress lets them by providing drilling rights in the U.S. Again this looks bad for congress; they don't seem to want to act.
Hmmm, what is the solution? Drive less? Why should the consumer be limited? We are never encouraged to consume less by any other industry. A local Kmart never has told me to by only one pair of jeans. Even when the sign says "limit one" I am never stopped when I buy two. This prohibition is once again the argument of most Democrats.
Gas prices are a strange market. It is the only market the guesses at the future based on the reserve levels. In other words, the price of oil per barrel is priced based on the demand and the amount of the reserves. Those who sell the oil know that we have an incredible appetite for more. But not just the U.S. But more over China and India; new industrial nations with new middle class societies. These new consumers are also thirsty for oil. This complicated set of conditions make the global oil market equally complicated. Perhaps the answer here is more long-term.
I believe that our politicians will take advantage of our vulnerabilities and feed our fears. Therefore, congress will not tell us the truth. WE MUST TRUST ONLY OUR (THE U.S. CITIZEN) ABILITY TO VOTE AND PERSUADE OUR REPRESENTATIVE TO WORK FOR SOLUTIONS THAT BRING IMMEDIATE SOLUTIONS ~ LIKE LOWER PRICES AND CONGRESS' ABILITY TO (ENABLE AND)PRESSURE THE OIL COMPANIES TO DRILL, DRILL AND DRILL THUS MAKING US THE SOURCE OF OUR OWN RESOURCES.
Just a thought for those that enjoy visiting family who live across the county.
