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Originally Posted by ERD50
Well I agree with that.
But are you arguing with yourself, or did I miss something? You are complaining about high gas prices, and you also don't think the govt should do anything about it... :confused:
What do you think should be done?
edit/add: All I've picked up on is that you think oil companies should voluntarily lower their profit margins, which are already lower than many industries. A) That ain't gonna happen B) I hope it doesn't happen - it would be wrong-headed
FYI - I would agree that oil (and most all) subsidies should be eliminated, but that will increase the price of oil, not reduce it.
-ERD50
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I wasn't complaining about high gas prices. I was pointing out that we can't drill our way to lower prices.
If we increase supplies, prices drop, if prices drop people drive more, if people drive more supplies drop, if supplies drop prices rise, if prices rise, people drive less, if people drive less supplies rise, if supplies rise prices drop.........and on and on. It is just the economic cycle in action.
One thing I believe the government should do and is responsible for is increasing the value of the dollar by tightening currency supplies, raising interest rates and stop printing money and spending it like its going out of style.
A strong dollar would reduce inflation and actually lower gas prices.
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