Hearing no reply, one assumes that there wasn’t a credible one available.
“;^)
No, one should assume that bigdaddy has a life and part of that involves chauffeuring children around (which i was doing).
Any politician who promises a fixed price for a free market commodity is a fool. And I’ve heard lots of rhetoric, but little about how, in spite of billions of Chinese and Indians now wanting to buy cars (driving up demand significantly), oil is somehow going to drop to $50 a barrel if “government gets out of the way”. Would government getting out of the way help? Absolutely. Should we drill more? Absolutely. Of course... where do you think that extra oil would be sold? Here’s a hint.. wherever the oil companies could get the highest price. (And China has plenty of OUR money to spend on oil).
Also, lets say oil flooded the market and the price went to $50 a barrel. What would the oil companies do? Stop drilling!!! Its not worth it when the price gets too low.
All this clamoring for some magical price point of $2 a gallon ignores economical realities.