I am not for more government intervention in our lives, but for once Big Brother could make a difference. My proposal is for the feds to put a ceiling on the price of gasoline, at the pump, for five years. That price would be $2.50 a gallon.
The big oil companies made money at that price before and they will still make big profits now at that price. The worldwide speculation market and Wall Street traders set the price of oil, which then determines the price of gasoline. Why should Wall Street traders and worldwide speculators decide what you and I have to pay at the pump? Whatever happened to Economics 101, supply and demand? I am not saying to stop the price of crude oil from fluctuating, only the price of gas at the pump. That way, the oil companies will take the hit instead of the consumer. They can afford it; the consumer can’t. I would guess there would be less price movement in the price of oil, don’t you?
I keep reading articles that before long we will be energy independent. So, instead of continuing to develop more exploration options, let’s build more refineries to take care of the energy we are now producing and keep it here where it belongs. In addition, build the refineries where the oil and gas is, not thousands of miles away. We stockpile oil now and we store natural gas. Why can’t we stockpile and store gasoline? So why do we want to get to the point where we are exporting oil, natural gas and gasoline? Someday your grandchildren will wish we had not given it all away.
If you and I and the business world knew what our transportation costs were going to be for the next five years, we could all make plans. Everyone could set budgets and our economy would prosper. The price of everything we use, in one way or another is based on the cost of transporting products and goods, as well as people, therefore, the price of everything we purchase should go down, including airline tickets and maybe even the price of cars and trucks. We will have more money in our pockets, so therefore we will purchase more. More people will travel and spend money. It’s a win-win situation for everyone.
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I know, it makes too much sense. So therefore the powers that be will not like the idea. What do you think?
The writer lives in Little River.