plasticbathmonki
CAGiversary!
Okay, I typically am as red-blooded American as it comes when defending the virtue of a free-market economy, but something really must be done about these ridiculous prices. To put it in context, trucker are considering going on strike over the cost of diesel, and how will I be able to lose a few bucks at GS if the shipments don't make it from the ports to the stores. Before I go on any further, I think it goes without saying that this isn't the President's fault, and anyone who says that it is needs to take some basic econ courses. So, on with my suggestions:
1) End all taxation of oil imports
Pro: immediate 14% drop in the price of oil
Con: Big oil pays more in taxes than the lower 50% payroll earners do in income taxes each year.
2) Open up strategic oil reserves
Pros: At least a short term price drop
Cons: It's a reserve, as in, you aren't supposed to use it 'cept in emergencies. And I like Alaska the way that it is.
3) End all foreign aid to OPEC member countries (which, BTW, paid on average $.17 per gallon in 2007), and use the money for the aggressive development of fuel cells.
Pros: It would be awesome.
Cons: The UN whines about us not doing our part, etc. etc.
Okay, that's my 2 cents. Discuss.
1) End all taxation of oil imports
Pro: immediate 14% drop in the price of oil
Con: Big oil pays more in taxes than the lower 50% payroll earners do in income taxes each year.
2) Open up strategic oil reserves
Pros: At least a short term price drop
Cons: It's a reserve, as in, you aren't supposed to use it 'cept in emergencies. And I like Alaska the way that it is.
3) End all foreign aid to OPEC member countries (which, BTW, paid on average $.17 per gallon in 2007), and use the money for the aggressive development of fuel cells.
Pros: It would be awesome.
Cons: The UN whines about us not doing our part, etc. etc.
Okay, that's my 2 cents. Discuss.