USA: House passes bill to make gas price gouging a federal crime
Posted on May 24th, 2007 by bile Categories and Tags: Uncategorized, cheaper electricity, China, Congress, energy, energy sources, environment, gas price, India, Library of Congress, oil, oil refineries, politics, reasonable and longer term solution, United States, your money, your rightsIt bothers me that news organizations never post the bill number along with these stories. Thomas over at the Library of Congress is good but it’s more work then necessary for people to find the exact text for a bill.
Anyway… this is retarded. I’d like to know how many of these representatives also are part of the group trying to raise federal taxes on gas to fund “green” alternatives. They aren’t as concerned with the high price as they are with making as much money off of it as they can. I’m sure the oil refineries are charging more than they need to… but that’s obvious. Don’t like it? Get a better car, use public transportation, buy less stuff. It may take an economic depression to get the message across but hey… they have something which is very much in demand. With India and China coming into their economically they are demanding more energy. We now need to compete with that. Open up more land for these companies to drill on. If supply goes up, processing cost and demand is the same and end product cost goes up… you can then have the government threaten. Start moving away from dead organism based energy sources and move to dead star based. Put up as many nuke, hydro, wind, etc plants as you can and cheaper electricity along with cheaper hybrid or completely electric transportation (with better battery tech) will drive down demand and price for oil. Seems like a more reasonable and longer term solution than knee jerk government meddling. Hell, the Europeans have been dealing with higher (because of taxes) petrol prices for years and they are doing alright.
Plus… how exactly how would they enforce this? You’ll end up with every other Joe trying to sue for high prices. Even if they fail, which most probably would, it’s a complete waste of resources.
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