The Price of Gas

[liveonearth]

Everyone is so upset about it. The lady next to me on an airplane said "It's not fair!" and I had to ask her what wasn't fair about gas costing $4/gallon. I didn't understand her answer. And I tried. It had to do with corrupt politicians, but corrupt how? What exactly are the politicians doing that makes the price of gas unfair? How exactly is it Obama's fault? Someone said he wanted the US price of gas to go up to European levels. Please inform me if you understand this. It seems to me that we as a nation have been paying off the gas companies in the form of subsidies and lax regulation. They claim the opposite, that the burden of regulation and taxation is destroying them. But then the numbers come through, how much money Exxon makes, or Chevron, Citgo or whoever. These companies are raking in billions, and getting tax breaks to boot. It's not clear exactly how those billions get distributed to humans who can spend them. Except for the CEO, who is not going hungry. Maybe the money America gives to gas companies is why gas prices are as low as they are. Maybe if we stop subsidizing oil, the prices will go up. To the real price. That would be the only way we could stop subsidizing them, is if we'd be willing to pay the cost directly instead of through our system of government. And the only way we'll get our gas for cheaper is if we get it ourselves with less waste, extravagance and middle men. I wouldn't be surprised if Obama has this in mind with his plan to expedite drilling in Alaska and the Atlantic. And I'm certain he wouldn't mind depriving the big oil companies of some profit, but he's not allowed to say or act on that. I am, though, being nobody out here on the web.

Comments

[neptunia67.livejournal.com]

I don't know but I do know that NYMEX light crude price per barrel went down significantly after news of Bin Laden's death. What does that say about the price of gas in relation to anything else?

[liveonearth.livejournal.com]

I have no idea.