April 24, 2006
Democrats Eager to Exploit Anger Over Gas Prices
By MICHAEL JANOFSKY
Officials at the Democratic Congressional Campaign Committee, which advises House candidates, said they sent a memorandum to candidates on Thursday offering guidance on using the issue to their advantage. The memorandum includes a "sample statement" that recommends telling voters, "Americans are tired of giving billion-dollar tax subsidies to energy companies and foreign countries while paying record prices at the pump."
Didn’t Obama say something to the effect he didn’t mind high gas prices, he just didn’t want them to rise so quickly? Back in 2007.
>> Fox News host Bill O’Reilly knows exactly whom to blame. Oil companies, he claims, engage in price “collusion.” <<
When it comes to basic supply-and-demand economics, O’Reilly appears “basically” to be a blithering ignoramus.
I don’t think, however, that he’s really so stupid.
More likely, he is just demagoguing the issue in a
quest to attract more viewers.
Yeah, I saw that O’Reilly segment, and that issue is one of many issues about which he thinks he is smarter than he actually is. And he won’t let the guest finish making their point, choosing to constantly interrupt them with dogmatic statements of what he believes the truth is. There are certain costs associated with running an energy company and delivering gasoline to the stations, and why he thinks there should be dramatic differences in those costs from one company to the next is beyond me. It seems perfectly reasonable to me that their prices would be similar.
Go after the damn hedge funds, they are the ones running up futures contracts.
Actually, ban hedging at all - oil would hit 75/bbl or less.