But gas prices did get up to nearly $4 under GWB’s term...And what happened when he announced he was issuing permits for new leases? Dropped back under $2.00 because OPEC didn’t like that scenario.
I remember when it went up. I was delivering newspapers at the time and it was hurting my bottom line. And GWB was right. We need to increase the supply, and reduce the demand. “Drill, baby, drill” makes for a great bumper sticker, but it’s not going to solve the problem by itself. We need to get as many people out of their cars as possible. The Austin, Texas bus system is great, if you have the time and inclination to use it. I can get anywhere in town in 2 hours. But there are limits and things that suck. So improvements need to be made in that. We need to develop vehicles that don’t use gas. So I’d like to see tax breaks and cash rewards going to companies that develop an affordable, practical electric or hybrid. It makes sense, right? If 1000 people people are paying $4 for a gallon, and you are able to get 300 of them to use buses, trains, or bikes, and you are able to get 200 of them to use electrics, the demand is so low that prices will have to come down, or more people will want to find alternate means of transport.