Wednesday, May 28, 2008

Oil Prices

It bugs me that Congress complains about an 8% profit for oil companies, yet the federal gov't gets 18+ cents per gallon in taxes. (Texas takes 22 cents per gallon). If gov't would do their job and get out of the way by relaxing regs for new refineries and allowing safe drilling in currently restricted areas, the price of oil would start to lower (and gov't would still get their cut).

For those of you who claim it would take 10 years to do any good - remember that the GOP tried to fix this in 95, and if Pres Clinton hadn't vetoed it we would be seeing the benefit now.

Not doing anything means we get to suffer longer.