I know you told us early in your term that rising gas prices are good for the economy and good for the environment, and going from an average of $1.83 per gallon (when you took office) to the current $4.00 per gallon is proof of how well your policies are working, but probably the best example is the state of California where there is a democrat administration and legislature running things. The people of California are now getting a full dose of how well things go when they are being ruled by democrats at both the Federal and state level. Way to go Mr. President $5 to $6 gas and long lines at the pump because of supply shortages is just what the doctor ordered. Maybe if we are lucky, and you get a second term, the rest of the country will get to enjoy the same things that our comrades in California are currently enjoying.
I thought you guys wanted a hands off approach by government. You know, let the market place set prices. Get the government off our backs. Capitalism will save the day.
Now it sounds like you want price controls.
Which way is it?
It's supply and demand. The media refuses to draw the connection between 40 million people (illegals), getting driving permits, causing fuel prices to soar. Governor Moonbeam almost overnight, allowed all these low mpg, energy sucking lowriders on the street. Economics isn't rocket science. If you want to get California back in black, vote for Mitt. He's the NEW Reagan. Drill for Oil, and send illegals packing, and watch the jobs come back.
Sentiment: Strong Sell
The oil companies want "Controlled Scarcity" as it's good for profits. The Kenyan supports it fully. They tried to close a refinery in Bakersfield, CA. a few years back even though the oil field there was still productive. The state legislature made them put it up for sale. It's still operating. But, there has not been a new refinery in Calif. in a good many years and you see what happens with any breakdown of the existing ones. The eco-freaks have blocked any new refineries and most well drilling. They should all move to the Matto Grosso and live off carrion and insects so they don't offend Mother Gaia.