Replies

Thomas Sowell:

If there is anything worse than partisan demagoguery, it is bipartisan demagoguery. Republican leaders have now joined the Democrats in blaming the oil companies for the fact that prices rise when demand expands more than supply.
...Is it rocket science that, when oil prices hit new highs, gasoline prices also hit new highs? Do you think the price of wheat could double without the price of bread going up? Would we have politicians running around spouting off about "gouging" by Big Wheat?
...Prices are a symptom of an underlying reality. Politicians can seize on the symptom and even pass laws dealing with it, without changing the underlying reality.
Prices are like a thermometer reading. When someone has a fever, it is not going to do any good to put the thermometer in ice water to bring down the reading. If you think the fever is gone, it may not be long before the patient is gone, if you don't do something about what is causing the fever.

Nailed It!

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Congress and our government are more corrupt than any business including Enron and the likes.
Congress now wants to blame it on the oil companies and they will not let us drill in Alaska or off our coast.
Just look how smart our leaders are. Cuba is drilling off the Florida coast and are going to get Natural Gas that this country could have.
China is buying into the big oil businesses and soon we will be buying from China and Cuba. Russia is doing the same. This bunch of "Meatheads" in Congress need to be hung. Their answer is simply to tax and take away from the workers while padding their own pockets. Bin Laden would do us a favor attacking the Capitol while Congress was in session. We have a bunch of loonies running our government. They are nothing but partisan politicians creating controversy,crap and confusion and fighting among themselves and allowing other countries to out maneuver us while they bitch and fight. America is in dire straights for leadership!

Doctor Sowell is pretty close to being my favorite American Thinker but but how sad that even he, in this piece, fails to address the real cause of the illusionary "price increases" of oil and gasoline.

Because of the more obscene tha usual inflation of the money supply in which the Fed has recently indulged, via the printing press and via insanely artificially low interest rates [Together AKA Counterfeiting] the value of the USD$ Dollar has been reduced by more than 50% since January 20 2001.

And, in inflation-adjusted US Dollars, the price of oil at $75.00 per barrel is still around $15.00 cheaper than it was in 1981.

For being a part of the cover-up conspiracy of the most insidious method of taxation and of the feral gummint avoiding much of the responsibility for and consequences of its insolvency-creating "deficit spending?"

Shame on you, Doctor Sowell!