Posted by
Aaron on Thursday, August 10, 2006 12:41:01 PM
I just saw one of those pop up ads that presents a poll question.
This one's question was whether the President should lower gas prices,
yes or no. I hope American citizens understand that the President
has a little or no power over gas prices. The President can
encourage domestic policies that can increase refining capacity or
increase exploration for oil reserves in places such as Alaska or off
of our coast, but even this will do little to decrease the overall
global price of oil. Global is the key word here. Oil is
truly a global market, where what happens on the other side of the
world can effect the prices of gas here at home. That's why
American citizens should be bothered when Congress has hearings in which
they grill executives of the major oil companies, and accuse them of wrong doing. When this happens they find
out time and time again that the major oil companies are not engaging
in any type of price gouging, or manipulating the supply to be low and
thus drive up prices. In fact, if the oil companies had it their
way they would increase supply, and increase exploration. Unfortunately, because of
the legislation created by Congress, they can't.