My post had NOTHING to do with price setting, it IS about encouraging the import of oil. It's about a healthy energy policy.
Bottom line is a good relationship with the Middle East and other oil producing areas is important, that's where the oil is (even the most optimistic estimates re: Alaska show that it won't do much to effect supply, offshore drilling is another story). You're completely right, supply and demand is the issue and the way it should be. We (the gov't) encourage the purchase of huge vehicles thru tax breaks, while angering oil producing countries. Supply and demand.
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Originally Posted by RIJIMMY
Its funny, Americans are champions of Capitalism until,....it does not work in their favor. This is supply and demand, nothing more. WHat can the government do? SUV sales are still through the roof, looks like people are okay with paying big $ on gas. My house value has gone up, sucks for new home buyers , great for me. Should the government step in and lower the value of my house? Pete G, plug prices are out of control....will you lower them? Should the Govt. tell you to? Should they make Habs sell his needles for $8, Of course not. Its a free market system. Hopefully the entrepreneurial side of America will rear its head and we'll come up with a low-cost, low emission alternative to oil. If 9/11 wasn't a smack in the face, hopefully this will be. If you dont want to pay high prices for gas, dont buy it, very simple concept.
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