Bush fights gas prices with smoke and monoxide


4 comments posted
Beating on the Oil Companies

is a fun hobby, but it won't get anything done since they're not the problem. They have to buy their crude oil on the open market and pay whatever the asking price is, tack on a percentage of the wholesale gasoline price, sell that to the distributor who tacks on their own percentage, then sell that to the gas station who tacks on their own percentage.

If you want gas prices to come down, you need to do two things: restrengthen the dollar so the exchange rate works in your favor for imports; and bomb China back into the Neolithic, since their industrial blossoming of the last decade has swallowed up the "excess" capacity of the crude oil producers.

David Thompson's picture
Posted by David Thompson (not verified) on 26 April 2006 - 4:06pm
It would be nice if things were that way

...but the oil business is not the free market you have been led to believe -- not when you have an oligopoly run by multinational corporations with little fealty to American interests and concerns. It may seem ideal to bring out Adam Smith and von Clausewitz and appeal to free markets and imperialist notions of entitlement as answers to our predicament, but what you suggest won't do anything but put the economy at risk by increasing the trade deficit -- or tossing the global market into a war-ridden dark ages.

The industry has let us down by operating at the edge of catastrophe in terms of refining capacity. But they haven't let themselves down. Just look at their profit reports and executive pay. The men in suits certainly take good care of themselves.

Meanwhile the Republicans have let us down by torpedoing any and all efforts to develop alternative energy. From Reagan on, if not before, they've been so much in the pockets of Big Oil that that, under their rule, we've cut welfare for the poor in favor of welfare for the multinationals. Bush's band-aid solutions now don't mean much, because we've already blown what had been growing budget surpluses on a war of choice, stupidly planned, that has left us weaker militarily and at odds with much of the world when, not five years ago, people everywhere were saying, "We're all Americans."

Spare me the tears for the oil companies. They're already laughing all the way to the Cayman Islands.

media girl's picture
Posted by media girl on 26 April 2006 - 4:58pm
I never said it was a free market

I said it was open, to whoever has the biggest wad of cash.

My "fuck-the-world" proposals would do exactly that, and it's approximately what Alan Greenspan did to backburn the 'Asian flu' in 1997 (which not coincidentally brought us historically cheap gas for a year or so).

It's not the Republicans' job (nor the Democrats) to promote "alternative" energy (whatever that alternative happens to be). Whenever petroleum gets to be more expensive than other energy sources, we'll start using those other sources instead. It's all out there, just waiting for the monetary balance to shift in its favor. Patience, and the desire for efficiency, will settle these things.

David Thompson's picture
Posted by David Thompson (not verified) on 26 April 2006 - 8:22pm
If only we had all the time in the world

...so that we could sit back and say it's not the job of our political leaders to lead.

media girl's picture
Posted by media girl on 26 April 2006 - 10:00pm