It easy to influence the market in the very short term - it is another to make fundamental changes to the market that produce permanently lower prices. The President doesn’t have that power.
And why would one think that the oil companies want permanently lower prices?
.....”The President doesn’t have that power.”
It’s far more than just drilling, and increasing gasoline production. It’s the President and Congress together getting government the “H” out of way, and returning our economy back to sanity, people working again will of course cause the other side of the effect Gingrich is talking about. It isn’t the oil companies that dictate what the price will be in this kind of market. It is the freedom of the free market, the overall market, and government getting the Hell out of the way that causes what the price will be.
The oil companies will charge what they must to maintain a profit, and remain in business in whatever economy exists at any given time. If employment ramps up once again, and the economy improves it will be strongly achieved by access to cheap, or say cheaper energy supplies.
Gingrich is right in saying what he is saying as he intends to get the economy moving by reducing, or cleaning out the Federal government of the infestation of the impaired minds of the Leftist block. Kinda like running a balloon through blood vessels to clean out all the muck so the blood of the free market can flow again.
I’m sayin’ don’t just focus on the oil companies alone, and go negative on what Gingrich, or Palin are saying. It’s the overall picture of a cleaned up small Constitutional Republican government free from stupid Leftist obstacles, and a free market that will bring back $2.00 a gallon gasoline.