Law & Legal & Attorney Politics

Increase Gas Prices From Speculation - A Gasoline Tax Will Destroy Speculation

Governor Barbour is accusing President Obama of deliberately allowing gasoline prices to rise.
He believes that more drilling in America would somehow have a substantial impact even as we know for a fact that oil is sold on the open markets and oil drilled in our waters would not necessarily be sold in America.
Moreover, he refuses to acknowledge the role of blatant speculation on the price of oil.
As usual he is attempting to use this current speculative increase in oil prices to force a policy that opens the door for corporations to drill more in the United States to make profits on inexpensive leases that will not have a material effect on our economy or our citizens.
Barbour knows all of this information as he is a very smart man.
What is sad is that the interest of the country never seems to be tantamount to these politicians.
They simply promote the policy desires of their corporate puppet masters irrespective of the potential damage to our economy or environment.
Barbour is doing exactly what Republicans do, bait and switch.
He uses a statement by the President's Energy Secretary supporting a tax on gasoline to reduce consumption to subliminally imply that the administration is responsible for the price increase.
He fails to note that it is the obscene speculation by those his party has refused to allow regulation on that are driving up the prices.
In other words the increase prices are going into the coffers of the wealthy.
Firstly a very high gasoline tax is something America should review.
It would solve a lot of problems.
It would reduce our dependency on foreign, it would improve the environment in cities across the country, it would provide funds to rebuild our infrastructure, it will increase employment substantially, and it would help the auto industry as people start buying new efficient cars.
Secondly, a high gasoline tax will immediately destroy speculation in the long run given the drop in demand.
We have allowed speculators to exacerbate our economic woes are be the genesis of many of our economic woes for much too long.
It is time that we pass policies that are middle class centric.
It begins by educating the masses by those who are honest and enlightened The problem is in general Republican policy is neither forward looking or honest.
Until the real Republicans who I am sure share the real values of country first and fairness though in a more conservative manner for my taste, make themselves heard, we will remain at an impasse.

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